With a population of only 9 million, Israel has around 6,500 startups operating within the country, the largest volume of startups per capita in the world. In the past five years, Israel has shown its tremendous ability to scale up the amount of startups, with substantial investments accelerating the number of unicorns – companies achieving a valuation of more than $1 billion – being produced within the country.
The term 'unicorn' was coined in 2013 as a way of signifying the rarity of startups hitting astronomical valuations. Currently over 600 unicorns were noted around the world – with an astounding 60 being founded by Israelis, the biggest number of unicorns per capita of any country in the world.
Israel's reputation of unicorn companies is growing at a rapid rate and has shown no signs of slowing, even in the wake of the COVID-19 pandemic. In fact, as the health crisis was disrupting business across the world in the first half of 2020, Israel saw 11 new unicorns pop up – almost double the amount of its nearest competitor in the UK, and much more than all of France, Germany and Australia combined.
- Event time: June 3rd at 9 am Israel time ( June 3rd at 2 pm China time)
- Event Location: ZOOM Online or China-Israel Innovation Hub Shanghai (Address: Lane 111, Qilianshan Road CIIH, Putuo District, Shanghai)