About Israeli Start-ups

About Israeli Start-ups

Israel – General Info

Israel

Israel, located on the south eastern shore of the Mediterranean Sea, is a country in western Asia. The country has a predominantly Jewish population (74.7%), followed by Muslin (17.7%) and Christian (2%).

Tel Aviv

Tel Aviv serves as the countries technological heart and economic centre. The capital of Israel is Jerusalem, considered a holy city for believers in Islam, Christianity and Judaism.

The population

The population of Israel is believed to be around 9 million. Some 74.5% are Jews of all backgrounds, 20.9% are Arab of any religion other than Jewish, while the remaining 4.6% are defined as “others”.
Israel – A Start-up Powerhouse

Israel – A Start-up Powerhouse

The reasoning behind the more than 5000 successful start-ups originating from Israel is the amount they spend on research and development.

Israel spend 4.3% of their GDP (Gross Domestic Product) on R&D, this is more than any other country in the world. There is no surprise then, that since 1999, an average of 640 start-ups a year have popped up in Israel.

A large driver for the spend in R&D in Israel has been the countries many university’s such as, Ben Gurion University, Tel Aviv University and the Hebrew University of Jerusalem.

Science and Technology in Israel

Israel’s role as a world leading breakthrough technology innovator spans across many areas from medical research to cyber security. The science and technology sector one of Israel’s most developed sectors, with 140 scientists for every 10,000 employees.

Israeli companies with ties to America have taken advantage of the extensive research and development tax credit available to them. One of the most effective ways to take advantage of this is for a US company to take over an Israeli based company. This has been proven in recent years with Israeli start-ups being acquired for a total $23 billion in 2017 alone.

This partnership is beneficial for both parties as it allows them to take advantage of each other’s existing production facilities and distribution networks. With the endless number of possible advantages resulting from a Israeli US collaboration, it seems likely that there could be many more mergers on the horizon.

Israeli Start-ups That Could Change the Way we Live

Israeli Start-ups That Could Change the Way we Live

There are many promising Israeli start-ups that have to potential to change the way we live in the future. Let’s take a look at a few.

Over.ai – This start-up focuses on language processing through the use of A.I. It would allow 24/7 customer service that could handle any number of complicated tasks.

Hombi – Hombi aim to provide a single platform where each member of the population can go for their everyday needs such a being notified about key events and making payments.

ACiiST – Their aim is to develop networking solutions for future smart cities’ while minimising the need for cabling through the use of existing infrastructure.