Israel UAE | Business Guide | 2021

Israel is one of the hottest spots of innovation and entrepreneurship. During the passing decade, the Israeli tech ecosystem continued to grow and expand. More capital was invested in Israeli tech companies; exits valuations kept rising. Multinational corporate activity and foreign investors (both VC funds and CVCs) are also trending up. Israeli High-Tech Industry at a Glance, 2015-2020 More than 9,488 Start-ups $36,076M were raised by Israeli tech companies $17,688M were raised by 190 Israeli VC funds, mostly fromforeign investors Seed A startup company, which is in its early days of product development and fund raising. Initial Revenues A company whose yearly revenue does not exceed $10 million dollars. R&D Discovering new knowledge about products, processes, and services, and then applying that knowledge to create new and improved products, processes, and services that fill market needs. Revenue Growth A company whose yearly revenues exceed $10 million dollars and has a double-digit yearly growth rate. The normalization agreements between Israel and members of theGCCwill helpexpand the collaboration to the benefit of all parties. Geographical proximity and the region's rapid growth - until the pandemic - is creating a win-win opportunity. 1300 3358 4141 631 0 50 100 1500 200 2500 300 3500 400 4500 Seed R&D Initial Revenues Revenue Growth 14% 35% 44% 7% Source: IVC Research Center Israel-UAE > Business Guide > 2021 24 > High-Tech > Sector Review