Israel – Next Big Automotive Innovation Hub
The rise of Israel as a leading tech nation has popularised the nickname, ‘Silicon Wadi’. With a YoY growth rate of nearly 78% in the number of automotive startups, Israel’s startup ecosystem has seen a massive boom in the last two years.The tech ecosystem has been rapidly expanding, largely driven by Israel-based tech startups. Larger companies have set up accelerators to promote & leverage the emergence of these startups. Mobileye’s $15bn acquisition by Intel Corporation has raised awareness of the significant capabilities of the nation’s tech talent.
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