Jerusalem – the high-tech hub you didn't know existed

When we think about tech, most of us picture Silicon Valley in the bay area of San Francisco. Fancy glass and steel buildings with signage that changes every other week, a steady stream of twenty-something tech-guys in beards and identical button-downs pouring in and out of different start-ups. Or you might think of Tokyo, a neon-lit beehive of activity with some of the most advanced architecture in the world. A city that looks like it came straight out of a sci-fi novel. You might even think of Austin, Texas, land of the most overvalued housing market in America, but still an attractive location for techie entrepreneurs and ambitious talent.

What you should be thinking of though is Jerusalem.

Yes, Jerusalem. An ancient land brimming with history, associated with tradition, and steeped in old world charm is also quickly becoming one of the most forward-looking and high-tech capitals in the world. Jerusalem has always had a special place in history as a center of particular religious significance, but the recent boom in Jerusalem's tech market is also making sure that the Holy city also has a place in the future of the economy.

Entrepreneur Magazine recently cited Jerusalem as one of the top five emerging tech centers in the world, calling it "an extraordinary blend of history and modernity not found elsewhere on the globe” and it's clear that ambitious tech startups agree. While there were only maybe a dozen or so startups working in the area just a few years ago, the estimates today place that number at over 500 different startups enjoying the city and providing tech jobs to its inhabitants.

So what happened? What has caused this sudden explosion of growth? Well, a number of factors. First, the city's tech business enjoys generous government support, a specific courting of their business. Inventive programs and tax credits help attract budding, cash-conscious tech companies to the area. Major investments in infrastructure, public transportation help to sweeten the deal for young professionals coming into the area. 

Then you have the local talent pool to consider. Israeli tech has been making major strides in biomechanics and biorobotics, putting it at the forefront of the industry. Combined with local institutions such as the Hebrew University and Jerusalem College of Technology nurturing young talent, there is a natural wellspring of bright, inspired, tech-workers just waiting for the opportunity to show their skills. 

The business world has taken notice. Jerusalem will be host to over 350 tech events this year and venture capital money is flowing into the area. People of all walks of life are gathering to grow and prosper together in this environment, providing new opportunities for the children of Jerusalem. At this rate, it might not be long before Jerusalem is considered the Silicon Valley of the east. 

Jerusalem's mayor,  Nir Barkat couldn't be more excited. Speaking to Entrepreneur, he says "Three thousand years ago, Jerusalem was founded by King David as a center for everyone. Our diversity is a feature. The world is uniting in the city of Jerusalem. When Jerusalem does good things, its good for the region and the world.’’