Israel is home to more than 6,500 innovative tech companies and startups, dozens of public and private innovation players, and over 530 multinational corporations (MNCs) from 35 countries. The institutional know-how is there, as is the entrepreneurial and innovative spirit. The question is, how can MNCs tap into the tech network?
The Israeli Innovation Ecosystem Matures
Israel has become a global powerhouse for technological innovation for many reasons; world-class R&D capabilities, effective government programs, military support for company building, and an audacious approach to risk-taking have created a unique and fertile ecosystem.
The numbers speak for themselves. Israel has the highest concentration of startups (one company for every 1,400 people), the highest percentage of R&D spending per GDP at 4.5%, and the highest level of VC investments per capita at $674. However, breaking down the numbers even further shows just how much the Israeli innovation ecosystem has matured over the past few years. The number of Israeli companies raising between $10M and $20M has more than doubled since 2015, which is a testament to the country’s buzzing venture capital activity.