On March 14, heads of startups in Spain will begin a two-day visit to experience the corporate digital ecosystem in Tel Aviv.

This first-ever Spanish high-tech mission to Israel was organized by Red.es, a public corporate entity of the Spanish Ministry of Industry, Energy and Tourism responsible for promoting the development of the Information Society in Spain, in collaboration with trade and investment body ICEX and trade association Adigital.

The Spanish startups will visit leading digital economy players in Israel’s tech hub – not only startups, but also investment funds, communities of entrepreneurs and large international corporations with innovation centers in Israel.

“Israel is the country with most startups per capita; a leader in innovation and investment,” according to Red.es. “It is the country that invests most in R&D in relation to GDP (4.7% of GDP). It is the third in the world in availability of venture capital and IPO on NASDAQ, only after the United States and Canada. Many large companies have their global R&D centers in Tel Aviv [including] Google, Barclays, Motorola, Microsoft, GM, SAP, Coca-Cola, Oracle and Cisco.”