Israel's fastest growing startup ecosystem
The more than 100 high-tech companies involved in R&D concentrated in Yokneam export nearly $6 billion of technology and high tech products a year. "National Priority Area A" investment grants and tax benefits, lower housing prices and its village-like surroundings make it easier for companies to grow from startup to mature companies in Yokneam without losing key personnel.
While Tel-Aviv is more oriented to the young entrepreneurs who have not yet settled down, Yokneam attracts the seasoned entrepreneurs and high tech professionals needed for longer term R&D in industries like: Medical Devices, Pharmacology, Surgical Equipment, Water Technology, Homeland Security, Electro-Optics and Image Recognition, Industrial Tools and Processes, Semiconductors and Network Infrastructure.
Yokneam's proximity to the Technion and University of Haifa, combined with the natural laboratory of its surroundings has made it a magnet for the development of new and hybrid technologies in sectors like: Internet of Things (IoT), Business Management, eCommerce and as a Service (_aaS) technologies, and technologies that can't yet be classified.
FundinG
In addition to the "National Priority A Area" investment grants and tax benefits of up to 20%, funding for startups is readily available in Yokneam.
When Nvidia paid $6.9 billion in 2020 to acquire Mellanox Technologies, an Israeli specialist in high-speed communications chips, the deal was framed as a strategic complement to its dominant graphics processors. Six years later, that acquisition has become one of the most consequential bets in the company’s history.
The Yokneam, Israel-based company said it had net income of 42 cents per share. Earnings, adjusted for stock option expense, came to 46 cents per share.
The location of the new campus will be just over the Yokneam municipal lines in Kiryat Tivon.