Israel’s Central Bureau of Statistics (CBS) released data on the state of startup companies in Israel during the period of 2011-2021. The data shows that overall, Israel Startup Nation did well during this period, which includes the worldwide Covid shutdowns of 2020 and 2021. The period does not include 2022 which was a dismal year for businesses the world over.
The source of this information is a database that includes start-up companies and companies that have matured, or opened in Israel in the years 2003-2021. The database was built by the CBS, funded and with the cooperation of the National Institute for Civil Research and Development in the Ministry of Innovation, Science and Technology, and it provides a snapshot of the start-up companies and mature companies, their fields of activity, their survival and their economic data (salaries, jobs, capital raisings and more).
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Findings from the CBS Database on Startup Companies in Israel 2011-2021:
In 2021, 4,801 start-up companies operated in Israel, an average annual increase of 4% compared to 2011.
In 2021, a decline was observed in the balance of openings and closings of the start-up companies, following the decline that began in 2016, after an average annual increase of 4% in the years 2011-2015.
In the years 2011-2021, 8,081 start-up companies were opened in Israel. 4,067 of which (50%) were closed or suspended their activity until 2021.
In 2021 there were 35,300 salaried jobs in the start-up companies, an increase of 9% compared to 2020.
The average monthly salary for a salaried position in the start-up companies in 2021 was 23,100 NIS, an increase of 7% compared to 2020 (21,600 thousand NIS), and 2 times the average monthly salary for a salaried position in the economy as a whole (11,400 NIS).
73% of the start-up companies and 78% of the salaried jobs were concentrated in the Tel Aviv and Central districts.
67% of the salaried jobs were concentrated in companies active in software-based fields (The applications for industries and for business, medical information, internet, mobile phone applications, security, communication applications Ecommerce and advertising).
In 2021, about 18% of the start-up companies or of the mature companies were defined as ‘growth speed’ (High Growth, (about 9% of which were defined as ‘Does’).
In the years 2021-2019, about 20% of the start-up companies received a grant of 2.1 billion NIS from the Innovation Authority.
In 2021, the start-up companies and the mature companies raised about $33.5 billion, 2.5 times compared to 2020.
In 2021 the mature companies employed 91,200 thousand salaried jobs which is 72% of the total salaried jobs in start-up companies and mature companies together.
