04 December 2011

Techub Israel ~ BBC on Startup Nation Factors

BBC's Katia Moskvitch on Israel High-Tech Hub...
"Israel is a world leader in terms of research and development spending as a percentage of the economy; it's top in both the number of start-ups and engineers as a proportion of the population; and it's first in per capita venture capital investment. Not bad for a country of some eight million people -- fewer than, say, Moscow or New York. [...] there is a whole blend of factors responsible for turning Israel into a start-up miracle. [...] But there is more to this start-up scene than certain aspects of Israeli culture -- the lack of hierarchy, a constant drive for individualism, regular risk taking. The government played a key role in the rapid rise of this start-up nation."

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