2017 High Tech Review
Israel has become synonymous with technological and scientific innovation. This is the result of an effective public-private collaboration during Israel’s almost 7 decade modern history.
The philosophies of its founding fathers, pragmatic policies of consecutive governments, and diverse thinking of generations of high-tech visionaries have been central to shaping the Innovation Nation. As a direct result of the synergy between policies, strategic thinking and action orientation, the Jewish State has championed its vision of national sustainability through R&D and the application of innovation technology.
As the previous chapters of the ‘Israeli Innovation Series’ in this SIGNAL Note have illustrated, the combination of broad government support for science and math at the university level along with a multi-cultural population eager to protect their homeland, have formed a dynamic high-tech ecosystem. Dubbed Silicon Wadi, the Hebrew term for small valley, the nucleus of scientific R&D has formed an essential element of the Israeli economy indispensable to the Nations growth.1 2017 saw many Israeli Startups achieve excellence, either through IPO’s or significant international acquisitions- generating global media attention, tax revenues for the state, and further commitment to ensuring the Holy Land remains an easily accessible tech hub for the international market.
- There are about 4,300 startups operating in Israel, with about 2,900 of these located within a 10-mile radius, a rate of development second in intensity to only Silicon Valley itself. ↩