2011-06-14

The Israeli Success Story - iva.co.il

Since the 1990s Israel has been the most vibrant high technology cluster outside the US. Several complementary factors have contributed to this; a highly adaptive innovative entrepreneurial culture, significant defense R&D spending and training of personnel; the highly skilled immigration wave from the former U.S.S.R since 1989; prestigious high education and academic institutions; pro-active government policy for the promotion of civilian R&D spending since the 1980s; and the presence of many technology multi-national corporation and a locally managed venture capital industry that was boosted by the Israeli government in 1992 and that by adopting the US VC model and business culture grew remarkably fast since.