Naomi Krieger Carmy, director of the UK Israel Tech Hub, said: "We are incredibly honoured to receive this recognition, which is a testament of how tech relations between the UK and Israel have grown to the benefit of both countries.
"The true innovators are the many entrepreneurs, companies and partners in both the UK and Israel who have led the way to the 80 partnerships in technology that we've been proud to facilitate.
"We look forward to many more ahead in exciting new areas such as digital health, cyber security, smart transport and Arabic internet".
Chancellor George Osborne launched the Hub in Israel in 2011.
According to the Hub's website: “Its creation followed an agreement between Prime Ministers David Cameron and Benjamin Netanyahu to build a UK-Israel partnership in technology, driven by a sense of a missed opportunity between the two countries.”