Photo Gallery 025: Israel, An Innovation Superpower
摘要： Israel, a country with a population of merely 8 million and land area of only 22,000 square kilometers, is a veritable innovation super power.
Tel Aviv, situated on the east coast of the Mediterranean Sea, is the second largest city of Israel. Known as the economy center of Israel, Tel Aviv is also referred to as Israel’s “Silicon Valley”. Statistics suggest that there are on average 20 startups per square kilometer in Israel, and that the age of one thirds of Israel’s population ranges from 18 to 35. In addition, Tel Aviv is also the most expensive city in Middle East to live in.
The ratio of engineers to the total population and the ratio of investment in R&D to GDP in Israel is the highest around the world. Moreover, the ratio of export volume of technology-intensive products to the total export volume in Israel is 3/4, while the number of companies listed on the NASDAQ ranks the third globally. Since 2000, 8 Nobel Prize winners are Israeli… Israel, a country with a population of merely 8 million and land area of only 22,000 square kilometers, is a veritable innovation super power.
According to Geektime, 373 deals were completed by Israeli startups in 2015 and Israeli startups altogether raised USD 3.58 billion of financing, among which Chinese venture capitals invested USD 500 million. In the first quarter of 2016, Israeli venture firms raised USD 650 million. Amazing, isn’t it?
An increasing number of Chinese enterprises and investors have been eyeing on Israel. Besides BAT, other enterprises such as Lenovo have all been stepping on this tiny but thriving country. On May, 5th, 2016, Shenzhen-based Kuang-Chi Technology announced that it would invest USD 300 million to establish a Global Community of Innovation (GCI) in Israel. In the primary stage, it would invest USD 50 million and invest in Israeli and even global tech startups.
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[The article is published and edited with authorization from the author @fliesslaughterhouse, please note source and hyperlink when reproduce.]
Translated by Garrett Lee (Senior Translator at PAGE TO PAGE), working for TMTpost.