TEL AVIV TECH ECOSYSTEM REPORT

To our cherished tech community, The Tel Aviv-Yafo Tech Industry Report for 2024 was written during a difficult and complex period for the State of Israel, the second year of war, a year of uncertainty, and a global slowdown in investment. And yet, it is precisely from within these challenges that the true story of our city emerges once again - resilience, creativity, and unmatched boldness.

Now, with the end of the war, Israel stands at the threshold of a new era - an era of repair, rebuilding, and growth, one that brings with it many challenges. Within this reality, Tel Aviv-Yafo continues to be home to technology companies, entrepreneurs, and world-class talent, all working together to create an ecosystem that pushes boundaries and creates a new future. In an era when artificial intelligence is rewriting the rules of the game, Tel Aviv’s high-tech industry is not only keeping pace, it is leading it. From defense and security, to digital health, to sustainability, the ideas born here reach far beyond the city and the country. They are changing the world. Behind all this progress stands not only advanced technology, but - first and foremost - people. Thousands of reservists repeatedly called to duty, researchers, engineers, students, managers, and more, all are part of the city’s resilience that drives the wheels of innovation. They are the reason Tel Aviv-Yafo continues to be a global hub, with a beating heart of freedom, democracy, and pluralism. At Tel Aviv-Yafo Municipality, we continue to invest in smart infrastructure, nurture human capital, and strengthen the connections between the public sector, academia, and industry. Our vision sees the Tel Aviv high-tech ecosystem not only as a driver of economic growth and a global technology center, but also as a powerful force that strengthens the social fabric by advancing equal opportunity and expanding workforce diversity. In an age of accelerated technological change and unprecedented progress, innovation is not just a goal - it is an essential condition for the economic, social, and civic prosperity of the city and its residents. Even today, we do not forget the hostages and the fallen. We continue to stand alongside the families and work for the return of everyone home - for a proper burial, until the very last one. I invite you to dive into the report and see for yourselves the true strength of Tel Aviv’s tech industry - a free, daring, and vibrant spirit embodied by the people of the ecosystem. The spirit of the city of Tel Aviv-Yafo. Ron Huldai Mayor of Tel Aviv-Yafo