In partnership with Barclays, Techstar’s latest accelerator leverages the region’s strength as a cybersecurity leader to accelerate ten startups from around the world in a 13-week programme.
Considering that Israel’s first accelerator ever, The Junction, launched only in March 2011, startup growth has been fast. There are now a reported 207 accelerators in Israel and over 3,000 startups in the region.
Since the beginning stages, Israel has been a hotbed for tech startups: Google acquired Israel-based social mapping firm Waze in 2013, in a deal reported at about US$1 billion. Japan’s Rakuten paid US$900 million for Viber, the messaging app founded by four Israelis. Facebook bought Israeli start-up Onavo in October 2013, said to be worth about US$200 million.
The area is also seeing increased interest from VCs. 2015 was a record-breaking year for VC funding, where the first half saw 342 companies attracting US$2.1 billion, up from 334 companies nabbing US$1.6 billion in the first half of 2014, according to Business Insider. For the full article click here
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