An international study – Start-up Genone – has declared Tel Aviv to be the second best place in the world for start-ups. Tel Aviv was just behind Silicon Valley as the best place in the world to establish a tech start-up.
http://www.timesofisrael.com/tel-aviv-creeps-up-on-silicon-valley-as-top-start-up-center/
http://techcrunch.com/2012/11/20/startup-genome-ranks-the-worlds-top-startup-ecosystems-silicon-valley-tel-aviv-l-a-lead-the-way/