Tel Aviv ranked 45th overall in a new Innovation in Business index published by business-to-business financial services company FINOM on Thursday.
San Francisco was chosen as the best city for business innovation, with Beijing and New York finishing as runner-up and third, respectively.
Amsterdam-based FINOM's study ranked 100 cities using several categories such as research and development, startup activity, funding availability, AI innovation and biotechnology innovation.
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PEDESTRIANS WEAR protective face masks as they walk through the Carmel market in Tel Aviv, last month. (credit: MIRIAM ALSTER/FLASH90)Israel's "city that never sleeps" received its best ranking in the category of AI and Machine-Learning Innovation with a respectable 8th place, ranking above cities such as Los Angeles, Toronto and Seoul.
Tel Aviv also received a strong 12th place ranking in the category of Information Technology (IT) and Software Development. When ranked based on startup activity, Tel Aviv achieved a 19th place ranking.
