Tel Aviv has again won third place among the Top 10 Startup Ecosystems in the World, for the second year in a row, announced SparkLabs Global Ventures, the creator of the San Francisco-based VentureBeat tech news site which holds the competition.
Only Silicon Valley and Stockholm preceded the White City, which was followed by New York and Los Angeles, and then Beijing, Seoul, Boston, London and Berlin.
The Israeli city earned four “unicorns,” according to the site, defined as having a private company valuation of a billion dollars or more, a private company acquired for a billion dollars or more, and IPO’ed during 2010 to the present, with a current market capitalization of a billion dollars or more.
“To find this top 10, we looked at eight factors,” the judges noted. “Funding Ecosystem & Exits, Engineering Talent, Active Mentoring, Technical Infrastructure, Startup Culture, Legal & Policy Infrastructure, Economic Foundation, and Government Policies & Programs.”