Building a start-up is not always a clear path to success. Some 46% of Israeli start-ups created between 2011 and 2019 closed, according to a report by the Central Bureau of Statistics, released Wednesday. A total of 6,326 start-ups were founded between 2011 and 2019, with 2,922 closing by the end of 2019.The report was based on industry data from the previous decade, and does not reflect the coronavirus reality of 2020.In 2019, 4,658 start-up companies operated in Israel, a decrease of 5% from the year earlier, but reflecting an average annual increase of 5% from 2011.There were about 33,000 employees in Israeli start-ups at the end of the year, reflecting an average annual increase of 7% since 2011. Their average salary was NIS 21,100, twice that of the average salary in Israel.Some 73% of start-up companies and 79% of employee jobs were based in the Tel Aviv and Central regions. About 63% of all start-ups are involved with developing software for various industries.Between 2017-2019, about 13% of start-up companies received a grant of NIS 2.1 billion from the Innovation Authority for R&D activities, the report said.
46% of startups closed in the past decade
The report was based on industry data from the previous decade, and does not reflect the coronavirus reality of 2020.
