According to the report, startups choose Tel Aviv because it offers a well-established startup ecosystem with more than 180 multinational R&D centers, targeted tax incentives and coordinated public-private support.

With minor modifications to existing technology or making changes to a company's mission, startups are positioning Israel as an innovative leader for fighting environmental challenges.

Senior representatives from leading multinational companies will converge on the Tel Aviv Stock Exchange December 16 for the Axis Tel Aviv Corporate Edition 2015, an event aimed at connecting international companies actively looking to invest in Israel with the country’s top startups.