Tel Aviv Ranked Best Place to Launch Tech Start-Up Outside US
The seaside city of Tel Aviv is the best place to launch a tech start-up outside the United States, a global ranking of for high-tech hubs compiled by San Francisco-based business intelligence firm Compass.Above Tel Aviv were four U.S. zones: Silicon Valley, New York City, Los Angeles and Boston.
Tel Aviv was also a ranked among the top five hyper-growth environments including Berlin, India’s Bangalore, Amsterdam and London. The list was composed based on a metric for determining a “healthy start-up ecosystem,” including the available funding, talent and ability to penetrate the market.
Israel's Largest In Door Market Open Its Gates
(And take it from yours truly – it is highly recommended to visit there!)
The Sarona Market has opened its doors and crowds of curious culinary enthusiasts are making the pilgrimage to the country’s biggest indoor food market in the heart of Tel Aviv. Owners of the market expect 10,000 to 15,000 visitors during the week and some 25,000 buyers on the weekend. The market is open seven days a week. Four years after Gindi Holdings announced plans for the foodie landmark, the market featuring 89 businesses under one roof is now open for business. From fresh-baked goods to aged cheeses, spiced olives to farmers’ produce, seafood to sweets, it’s a gastronomic heaven spread over 8,700 square meters.
Teva Buys Allergan Generics for $40.5b in Israel's Largest Acquisition
Teva Pharmaceutical Industries Ltd. said on Monday it would buy the generics unit of Allergan PLC for $40.5 billion in the largest-ever acquisition by an Israeli company. Under the agreement, Teva will receive the Dublin-based company’s Actavis global generics business, including commercial units, manufacturing operations and R&D units related to generics. It also will get the international over-the-counter (OTC) commercial unit, not including eye care products.
Israeli High-Tech Financing Breaks Records Again in Q2
The Israeli high-tech industry has broken yet another record: In the second quarter of 2015, Israeli startups raised a striking $1.12 billion from investors, the largest quarterly investment in the history of the Startup Nation. The total, raised by 179 Israeli startup and high-tech companies, slightly exceeded the former record, $1.11 billion, set in the fourth quarter of 2014.