Tel Aviv is a startup powerhouse and Mexico must learn from that experience

Regarding Mexico and Latin America, Weisfeld mentions that although they are emerging markets for the startup ecosystem, their growth is putting them in a more relevant position.

According to data from the Association for Private Capital Investment in Latin America, in 2021 Mexico ranked as the second most important market in the region with 159 offers that reached 3,571 million dollars only behind Brazil, where its 419 offers added 7,570 million dollars. “It’s great to see the growth, but it’s still not enough compared to other ecosystems. It takes time,” he points out.

These are the reasons behind Tel Aviv’s technological success

The analysis firm, Statista, points out that the startup market in Israel has used three elements for its growth: one is that the government is investing in subsidies for innovation, specifically in new companies and technology developments.

The second is that the technology sector is one of the most competitive in the country, with salaries that double the national average. In fact, it has become such an important center that it is already known by the nickname of Silicon Wadi (Silicon Valley, in Arabic).