Israel has a well-deserved reputation as one of the world’s top centers for innovation and entrepreneurship. The Israeli high-tech industry is a powerhouse, generating over 50% of the country’s exports and representing 15%-17% of the country’s overall GDP. Over the past 30 years, Israel has also matured into a proven venture capital ecosystem. When it comes to new idea innovation and company building, Israel is often considered second only to Silicon Valley.
Since the early 1990s, Israel has pioneered life-changing developments not only in traditional technology areas such as network security and data storage, but also in disruptive segments such as software, new media, and mobile.
Here in Israel, we have a unique, almost unfair advantage when it comes to cybersecurity and enterprise software. Many entrepreneurs begin their journey in the Israeli Defense Force’s (IDF) elite intelligence units, learning to develop and manage highly advanced, multi-million dollar systems all before the age of 20. High-tech intelligence equipment is often adapted and improved for civilian use in areas as diverse as telecommunications, data security, messaging, and big data analytics. As a result, the Israeli entrepreneurial ecosystem is almost impossible to replicate anywhere else in the world.