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Latest count reveals 912 Israeli startups in the EU, employing 24,000 people


A new map revealed by EIT Hub Israel, ISERD, and CQ Global has revealed that there are 912 Israeli companies in the European Union, responsible for employing 24,223 people. The data was collected over several months by a team of editors, analysts, and data sources from Start-up Nation Central and other online sources. It was presented during an event honoring the 25th anniversary of the establishment of business relations between the EU and Israel.
 “The geographical proximity between Europe and Israel, combined with the long and extensive history of political, social, and economic ties, creates great potential for entrepreneurship and technology,” said Yotam Tzuker, Head of Business Development at CQ Global. “The popularity of Israeli startups is particularly noticeable in the United States, but there has been significant growth in other European countries as well. The report stems from the lack of a comprehensive picture regarding the state of Israeli companies in Eur ....

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912 Israeli startups in EU employ 24,223 local workers, data shows


Map of startups in Europe (EIT Hub & CQ Global)
In Germany, for example, 240 Israeli startups provide employment to 3,135 Germans; in France there are 183 companies with 1,985 employees. These two countries and the UK employ 55% of all Israeli startup workers in Europe, the data showed. Forty-nine percent of all startups operating in the EU conduct sales and marketing activities locally and 15% have research and development operations, the data showed.
The authors of the study also conducted in-depth conversations with startups operating in Europe, which showed that 37% of them anticipate growth in the coming year. Sixteen percent of the startups received EU assistance in setting up and expanding operations. The major reasons they set up activities in Europe included the attractive market for their products, proximity to customers, legislation, support programs, and EU partners. ....

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