Why has Israel become a Startup Nation?
1. Introduction
What comes to mind when you think of Israel?
For many, influenced by media portrayals, the immediate images might be of deserts or conflicts.
Yet, much like a flower blooming in the desert, Israel is undergoing a technological revolution within its modest borders. In fact, Israel is recognized as a leading “Startup Nation.”
But why has this country emerged as a global leader in startups?
The answer lies in the creativity and adventurous spirit of the Israeli people, combined with a national curiosity towards innovation.
In fact, Israel boasts the highest number of startups per capita in the world, with over 2,000 startups. Considering Israel’s population of approximately 9 million, this is a staggering figure.
Over the past decade, there has been a surge in Israeli startups achieving international success. For instance, the navigation app “Waze” was acquired by Google in 2013 for over a billion dollars.
Furthermore, “Mobileye,” a company specializing in autonomous driving technology, was acquired by Intel in 2017 for $15.3 billion.
These success stories highlight the robustness of Israel’s startup ecosystem.
