Israel: The Tech Innovation Nation
A Statista DossierPlus on the tech innovation nation Israel
Israel is one of the leading nations in technology innovation in the world today with one of the highest venture capital investment on a per capita basis. It's high-tech ecosystem attracts billions of U.S. dollars in funding every year. Multinational corporations such as Microsoft, IBM, Intel, Samsung, Cisco, Siemens, and SAP are invested in research centers and startups alike in Israel with Tel Aviv ranking amongst the top tech and innovation clusters worldwide. So what are the reasons behind Israel's success as a tech innovation nation?
This DossierPlus provides the reader with an entry point to answer this question.
The innovation nation
In the first part this DossierPlus provides an in depth analysis of the key success factors and drivers of Israel as an innovative nation and puts the country into a broader perspective using various country rankings. These rankings are grouped into five categories:
- overall competitiveness
- economic framework
- government and stability
- innovation and change
- education, talent, and skills
Investment & funding
The following chapter deals with the investment and funding of the Israeli tech ecosystem, including breakdowns by sector and tech cluster. It also includes information on the growing number of highly funded startups including the rising number of unicorns founded in Israel.
Innovation ecosystem
Much of the country's success can be attributed to its innovation ecosystem, which gets a closer look in the third chapter of the DossierPlus. This includes information on the open innovation approach and the role of multinational corporations as drivers of innovation. Tel Aviv, by some referred to as Silicon Wadi, is highlighted here as Israel's major innovation cluster.
Artificial intelligence & sectors
The last part of this DossierPlus then takes a look at the strongest sectors of the country's tech ecosystem: Cybersecurity, Life sciences, and Fintech. The role of artificial intelligence, which is at the heart of Israel's tech landscape, is also explained and analysed in this section.
