Founded in 1909 on sand dunes outside the ancient port of the city of Jaffa, Tel Aviv-Yafo is the business, financial and commercial hub of Israel’s economy and the heart of its booming high-tech industry. Tel Aviv-Yafo has a unique economy thanks to a large concentration of start-up companies in fields such as the media arts, making it one of the world’s leading “start-up cities”. Home to most of Israel’s artistic institutions, Tel Aviv is the country’s cultural centre.
Currently, the city is pursuing a strategy to position itself as a global centre of technology and innovation. The initiative involves collaborations between academic, research and development centres, leading technology companies, the young creative sector, cultural centres and artists along with the local and national governments.