2015’s venture capital funding was 30 per cent more than 2014 figures, according to the IVC Research Center. This is attributed to higher venture capital-backed financing rounds, the emergence of medium-sized firms with substantial annual revenues and maturation of the technology ecosystem and technology firms in Israel.

It also reflects global investor confidence in the Israeli economy, with many major Asian countries – China and Japan in particular – increasing their investment and deepening their connection to Israel’s technology sector. It is also reflective of a global surge in the number of unicorn firms, especially within Asia’s startup ecosystems.