## Why Israeli Startups are a Powerhouse for Multinational Companies: A Look at Tel Aviv's Startup Culture

Israel has long been recognized as a global leader in technological innovation, particularly in the areas of software, cybersecurity, and medical technology. This is due in part to a strong emphasis on science, technology, engineering, and mathematics (STEM) education, as well as the country's robust system of research and development (R&D) initiatives. The Israeli government has also been [instrumental](https://innovationisrael.org.il/en/reportchapter/innovation-authority) in supporting the growth of its tech sector, through investments in R&D, tax incentives for startups, and the establishment of accelerators and incubators that support early-stage companies.

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The Israeli startup ecosystem is [known](https://sifted.eu/articles/israel-startup-ecosystem-tech-vc-brnd/) for its vibrant culture of entrepreneurship and risk-taking. This is reflected in the large number of startups that are founded in Israel each year, as well as the high percentage of those that go on to achieve significant success. The country's startup scene is supported by a thriving venture capital industry, with many international firms setting up offices in Tel Aviv to take advantage of the entrepreneurial talent and innovative ideas that are generated there.

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> Tel Aviv, in particular, is often considered the startup capital of Israel.

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This culture of risk-taking, combined with a deep pool of technological talent and a supportive ecosystem of investors and mentors, has helped to make Tel Aviv a hub of innovation and creativity, attracting international companies and entrepreneurs alike.

## Leading Web3 Companies Unite for First Annual ETHTLV

The first annual ETHTLV, a week-long series of events focused on the web3 industry, will be held in Tel Aviv from February 1 to 9. This inaugural event has been organized by some of Israel's most successful web3 businesses and aims to invigorate the country's thriving startup community, establish its foothold in the global web3 scene, and discuss the steps needed to onboard the next billion users.

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:::tip
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ETHTLV will feature a variety of keynotes, workshops, and panel discussions, as well as more than a dozen community-led side events. Participants will have the opportunity to learn from serial entrepreneurs who have established successful businesses in the web3 space, including **[ConsenSys](https://consensys.net/)**[, ](https://consensys.net/)**[Fireblocks](https://www.fireblocks.com/), [StarkWare](https://starkware.co/), [Collider](https://www.collider.vc/) and [MarketAcross](https://marketacross.com/).** The week will culminate in hands-on workshops, including a developer workshop hosted by MetaMask, ConsenSys' leading self-custodial Web3 wallet. With a vibrant and innovative tech environment, Tel Aviv is the perfect setting for ETHTLV, where participants can meet some of the world's most creative developers and progressive technologists to build the next generation of Web3 dapps and solutions.

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Image credits: [Shai Pal](https://unsplash.com/@shaipal).

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