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Business

Israeli startups open NYC ‘kibbutz,’ as tech scene grows despite Mamdani

1d ago ·  By · based on reporting by The Times of Israel 82Objectivity score82/100

Israeli startups open NYC ‘kibbutz,’ as tech scene grows despite Mamdani

As political climate sours, workspace in Chelsea, the first of its kind in the city, aims to foster Israeli businesses and encourage connections with US firms

💬 רוצים להגיב ולהצטרף לדיון? הצטרפו — חינם, ומקבלים גם את הדיג׳סט השבועי.
🗞️ In-depth summary

Israeli tech leaders in New York City have launched “Hakibbutz NYC,” a new 18,000-square-foot hub in Manhattan’s Chelsea neighborhood, serving as the first permanent home for Israeli startups. This initiative, a collaboration between Hakibbutz and Israeli Mapped in NY, aims to connect Israeli companies with a network of founders, investors, customers, and business partners, hosting events like investor gatherings and networking sessions. The project is privately funded and operates independently of government involvement. Despite growing political hostility towards Israel from some New York City officials, including Mayor Zohran Mamdani, the Israeli tech scene in the city continues to expand, with approximately 50 Israeli startups establishing operations in the past year. New York remains a key destination for Israeli companies due to its large market, proximity, and established Jewish and Israeli communities.

Automatically generated summary based on the original article; quotes are from the source.
This story is based on reporting by The Times of Israel.
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The summary and context on this page were written by the Din Online desk based on the original article; any quotes are from the source. The full article and all rights to it remain with the source. The objectivity rating is computed automatically and is an estimate only.

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