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Prime Minister Narendra Modi is on a 3-day tour to Israel.
It’s for the first time that an Indian head of State is visiting the nation, even though India and Israel enjoy very good diplomatic relations.
Israel’s capital Tel Aviv ranks sixth in the global startup hub rankings.
Tel Aviv’s tech ecosystem is valued around USD 22 billion, nearly 14 percent of the capital’s USD 153 billion GDP.
Israel also has a dedicated R&D fund.
The government invests USD 700,000 in each startup operating in medical sector, clean tech, and heavy tech space.
Insight 18 explains what makes Israel a hub of startups…
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