VC Backed Market Share by Round Type. It is clear that Israel's high-tech industry today is one of the most powerful engines driving its economy. The Israeli high-tech industry is characterized by a high added value for the products it manufactures and a high rate of per employee output, more than twice the average posted by other industrial sectors. The country is one of the leading centers for diamond cutting and polishing in the world, with the industry accounting for 23.2% of all export products. Its major imports include crude oil, grains, raw materials, and military equipment. Israel - Israel - Industry: For more than 40 years local demand fueled Israeli industrial expansion, as the country’s population grew rapidly and the standard of living rose. Israel has a technologically advanced free market economy. The top services exported by Israel in 2018 were Miscellaneous business, professional, and technical services ($10.4B), Personal travel ($5.51B), Transportation ($4.46B), Royalties and license fees ($2.2B), and Business travel ($1.74B). Israel’s economy is characterized by high standards of living, high technology, and modern infrastructure. In 2019, the Israeli High-Tech industry continued to flourish and broke new records in several indices. With over 6,000 active startups and an economy dominated by industrial high-tech and entrepreneurship, Israel certainly earned its nickname 'The Startup Nation'. In the 1980s, Israelis who worked in the Silicon Valley returned to Israel, opening development centers of multinational companies such as Intel, Microsoft, IBM, and … The country has a well-developed manufacturing industry with large production capacity. In the world of technology and innovation, Israel is king. Israel has been recognized as a leading player in the semiconductor industry for many years. Israeli diamond industry is an important part of the manufacturing sector. Israel’s technology sector is growing faster than any other industry in the country. And as the real estate technology industry continues to expand, a growing number of Israeli PropTech startups are poised to enter the US market. There were 288 700 employees working in Israel's high-technology industry in 2015, representing about 9% of the total workforce.3 2.4 At present, there are over 5 400 companies operating in the I&T industry, of which about 37% are start-ups, 56% small and medium companies, 1% large companies and 6% R&D centres of multinational corporations.4 Yet the Israel Innovation Authority is detecting alarming trends that call for the government’s close attention, such as a decline is high-tech exports and a shortage of skilled employees The US is the largest market for the Israeli diamond, accounting for 36% followed by Hong Kong at 28% and Belgium at 8%. There are three deep-water ports in Israel, one in the Red Sea and two in the Mediterranean Sea. POWERLINX & IATI- One year for free! Israel has a high-tech and well-developed chemical industry mainly located in the Ramat Hovav and near the Dead Sea. The growth of this industry is not showing any sign of slowing down. More recently, world demand for Israeli advanced technologies, software, electronics, and other sophisticated equipment has stimulated industrial growth. In absolute terms, Israel has the largest number of startup companies than any other country in the world, except the US (3,500 companies mostly in hi-tech). In technology, Israel strives for high performance through concentration on a limited number of areas. In 2018, Israel exported $27.9B worth of services. IATI (Israel Advanced Technology Industries) is Israel's umbrella organization of high-tech and life science industries. City/State Municipalities & Economic Development Agencies, Best Practices for Entrepreneurs & Startups, Israel's Umbrella Organization of the High-Tech and Life Science Industries, Over 700 Members from Various Tech Sectors, התקדמות ועדת ההיגוי לשילוב האוכלוסייה הערבית בתעשייה. Media, Publishing, Content & Gaming. טקסט כהה Big Data & Analytics. Craft and industry in ancient Israel were not much different than other ancient nations. Israel has one of the most advanced economies in the world. 2 EY Israel. Agriculture accounts for about 2.5% of the total GDP and 3.6% of the export. Companies such as Intel, Microsoft, Cisco, IBM and Apple chose Israel as the site for their first development centers outside of … However, Israel's innovative capacity is built on a narrow base of human capital, and even that is showing worrying signs of deterioration due to a combination of uneven educational provision and changing demographics. The ports provide access to the Atlantic and the Indian Ocean. The Israeli Technological Eco-system We are lucky to be sitting in one of the hottest innovation and technology hubs in the world. This is a list of inventions and discoveries by Israeli scientists and researchers, working locally or overseas. Currently there are five active semiconductor manufacturing plants (fabs) in Israel, three of which belong to Intel and the other two fabs belonging to Tower/Jazz. There are currently more than 30 technology companies valued over US$1 billion in Israel. The tourism industry is one of the major sources of foreign revenues for Israel, attracting over 3 million visitors in 2017. This is an impressive feat for any state, but more so for one that is only 70 … Also, Israel was able to produce 95% of its food requirement in 2008 despite only 3.7% of the total labor force working on the farm. Israel’s technological excellence has been acknowledged by the global industry. 3 EY Israel’s Unique Market Position . All maps, graphics, flags, photos and original descriptions © 2021 worldatlas.com, The World’s Largest Oil Reserves By Country. According to Ministry of Foreign Affairs, high-tech industries are growing at an average of 8% per years and about 5% of the country’s GDP is spent on these industries, the highest among all the OECD countries. ITC.tech plans to fill the huge demand for SOC analysts by training olim, Masa youths and native Israelis Israel is ranked #2 in the world for venture capital funds right behind the US. Start‑ups raised a combined US$5.2bn during the year, 9% more than in 2016 and a record, according to a survey by the Tel Aviv-based IVC Research Centre. Cut diamonds were Israel’s biggest export product in 2016 and accounted for 12% of the world’s production. VC Backed Market Share by Sector . the country’s most highly developed and industrialized sector, making it a significant part of the economy. The percentage of Israelis engaged in scientific and technological inquiry, and the amount spent on research and development (R&D), in relation to its Gross Domestic Product (GDP), are … With its strong tech industry, Israel has emerged as a rare beneficiary of the U.S.-China rivalry – for now. Science and technology are the country’s most highly developed and industrialized sector, making it a significant part of the economy. The combination of various renowned research institutions, advanced bio-tech industry, state-of-the-art farms and comfortable climate, makes Israel a great place for agritech innovation. 3 - Israel: How the Constant Threat of War Shaped Israel’s Tech Industry. The country has been positioning itself as a key player in an industry worth an estimated $8.7 trillion in 2018. Israel is a leader in agricultural technologies and one of the major exporters of fresh produce. Israel is a leader in the agriculture tech industry with over 350 innovative agrifood-tech firms, according to a report by Start-Up Nation Central. Israeli food tech and agtech. It has been a world leader in technologies as wide-ranging as automotive technology, cybersecurity, drones and agriculture. Accordingly, the report encompasses key topics relating to current innovation policy in Israel and surveys the central technological and economic trends in the high-tech industry… The country has more hi-tech start-ups per capita than anywhere else in the world and is second only to the US in venture capital funds. Ein Überblick aus dem Bereich Industrie 4.0 und IoT. Some of the Israeli technologies already transforming the health industry and blazing new trails were on display on Tuesday at the Tel Aviv conference, hosted by EY Israel, Start-Up Nation Central and the Israel Advanced Technology Industries (IATI). The Israeli semiconductor industry is a uniquely innovative sector, with over 150 design centres and hundreds of creative companies, developing and designing the future of the most advanced products in the global arena. Cut diamonds, high-technology equipment, and pharmaceuticals are among its leading exports. The country has invested in this sector over the years and continues to do so with the aim of increasing its capacity to handle the growing population. Israeli High-Tech companies export advanced services worth several billion USD annually. It’s now considered a milestone in the company’s history. Israel’s developed transportation system plays a critical role in its economic success. Air transport has facilitated the export of high-value goods from all the other sectors of the economy and also aided in the growth of the high-tech sector. The State of Israel has welcomed the opportunity to self-style itself as a technology startup nation. While the high-tech industry often gets international recognition for its contribution to Israel’s economy and the number of start-ups, the manufacturing industry is also robust and contributes greatly to the country’s economy. 4 The Israeli economy. Craftsmen of Ancient Israel. Fundraising by Israeli start-ups has been rising steadily since 2012, when it was just US$1.8bn. only to IATI Members! Agriculture is one of the highly developed industries in Israel and a major source of export products.
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