The Israeli startup ecosystem is known for its vibrant innovation and entrepreneurship. It has gained global recognition for producing successful technology companies, often referred to as "unicorns," which are startups valued at over $1 billion. This ecosystem benefits from a strong network of venture capital firms, government support, and a culture that encourages risk-taking and creativity. Key factors contributing to its success include a highly educated workforce, particularly in science and engineering, and collaboration between universities and industry. The city of Tel Aviv serves as a central hub, attracting talent and investment, making Israel one of the leading countries for startups per capita.