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.
Israeli Prime Minister Benjamin Netanyahu has offered to appoint Major General David Zini to replace Ronen Bar as head of Israel’s General Security Services. Netanyahu has been seeking to fire Bar for several months over various political disputes. He has tentatively offered the post to Zini (behind the back of the Chief of Staff, no less); however, Israel’s Attorney General, Gali Baharav-Miara, and the High Court of Justice have rejected both the firing of the existing Security Services head and the appointment of his replacement.
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Nvidia's development and production centers in Israel will benefit from the huge deal and will be able to sell their wares in Saudi Arabia, even though it has decided not to recognize Israel.
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