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.
On Friday, NVidia announced a technological breakthrough by their Yokneam R&D center that will allow data centers in geographically distant locations to operate as if they were in one place, effectively creating “AI factories” on a massive scale and significantly increasing the maximum computing power available to the industry.
The patent protects Wearable Devices’ proprietary neural interface technology that enables gesture-based control and real-world physical measurements directly from the wrist.
Yokneam’s largest Hi-Tech company, NVIDIA, is looking for 29 acres to build a new R&D hub that will expand its presence. This major expansion of what began as Mellanox will continue to transform the entire AI industry.