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Israel – Fertile Ground for International High Tech Companies

 

1.  Eric Schmidt, Google’s CEO, Joe Lonsdale, founder of Palo Alto’s Palantir and Blumberg Capital invested in Israel’s any.Do. Schmidt’s investment fund, Innovation Endeavors made six investments so far, two of them in Israel (Globes business daily, Nov. 29, 2010).  The $23BN Broadcom acquired its 7th Israeli company, Sightic Vista (Nov. 26). 

2.  Knowledge@Wharton, the online business journal of the Wharton School (http://knowledge.wharton.upenn.edu/):

“Israel is becoming fertile ground for the likes of Google, [Swiss pharmaceutical multinational] Roche and other companies looking to acquire innovative businesses to add to their portfolios… Innovation, together with engineering excellence and very quick-to-market production of high-quality products, makes Israel shine…The Israel site has become one of Microsoft’s three strategic global development centers since opening in 2006, responsible for much of the new technology which the firm is now known for, such as its free anti-virus software…

Israel has the second largest number of start-ups in the world, after the U.S., and the largest number of Nasdaq-listed companies outside North America…Gideon Argov, president and CEO of Entegris, a Massachusetts-based technology manufacturing company, listed six values he learned while serving in Israel’s military that have been crucial to his success in business: clear thinking, resourcefulness, stamina, an ability to improvise, teamwork and leading by doing. ‘These are not values you learn at [business schools] and they do not happen through an academic environment. They relate to entrepreneurial success and should be implanted in business,..’

Hundreds of U.S. and Israeli companies have formed partnerships in the last several years, and more are forming every day…These partnerships are mutually beneficial…American companies provide the marketing expertise, while the Israelis handle product development and manufacturing at a lower cost for the Americans…[increasing] jobs in both countries… Access to innovation is the reason that many U.S. companies seek out Israeli partners…Innovation is simply ingrained in the Israeli culture…The innovative impulse comes from Israel’s small size and location, which foster a need to be self-reliant…Israel offers high-quality innovativeness in terms of both scientific and technological areas…

In 2006, Akron became the first American city to invest directly in a technology business incubator in Israel. Since Akron’s initial $1.5 million investment, 15 Israeli businesses have emerged from the Targetech incubator. Under the terms of the investment, the new businesses have to open offices in Akron while also building an Israeli presence — and some have already done so. In exchange for its investment, Akron not only gets jobs, but it also receives dividends from the new companies as a part owner…”

 

 

 




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Straight from the Jerusalem Boardroom #248
https://bit.ly/3u29k9g

Foreign investment in Israel’s high-tech companies surged to new heights in the 1st quarter of 2021 – $5.7bn in 172 deals – which is up 89% over the impressive 4th quarter of 2020 and double the volume of the 1st quarter of 2020.

2020 was the first year of surpassing $10bn in capital raised by the Israeli high-tech sector from investors in the US, Asia and Europe, who trust the maturity of Israel’s brain power. Investments in Israeli companies more than tripled in six years, reflecting the effective response by Israeli startups to the technological, medical, pharmaceutical, educational, social and digital challenges posed by Covid-19.

Israel’s economic performance in defiance of Covid-19 is presented by Dr. Adam Reuter, the Chairman and Founder of “Financial Immunities,” Israel’s largest financial-risk management firm, and the co-author of Israel – Island of Success:

  1. Israel has led the globe in the rapid administration of Covid-19 vaccinations due to effective negotiations with Pfizer and an efficient, country-wide medical infrastructure.
  2. Israel is the second lowest among OECD countries in the number of Covid-19 deaths per number of Covid-19 cases: 0.7% compared to the 2.3% OECD average. Israel features a young population (median age of 30 compared to the OECD’s 42) and an effective country-wide medical infrastructure, including top level HMOs and hospitals.
  3. Israel is ranked 12th from the bottom among the 37 OECD countries in the number of deaths per million inhabitants: 645 compared to 1,145 OECD average.
  4. The International Monetary Fund’s 2025 GDP growth forecast for OECD countries: Israel – 4%, OECD average – 2.2%, US – 1.8%, Australia – 2.5%, Ireland – 2.6%, France and Canada – 1.7%, the UK – 1.6%, Germany – 1.2%, etc.
  5. Israel’s 2020 GDP was reduced by 2.5%, compared to the OECD average reduction of 4.1%, South Korea – 1%, Norway – 0.8%, Australia – 2.6%, US – 3.5%, Japan – 4.8%, Germany – 5%, France – 8%, the UK – 10% reduction, etc. GDP growth was recorded in New Zealand – 2.4% and Ireland – 3.5%.
  6. In 2020, Israel was ranked 20th among the 37 members of the OECD in terms of GDP per capita, featuring $43,000 (GDP – $408bn), ahead of Japan, Italy and Spain, and very close behind the UK ($44,000) and France ($45,000).
  7. Israel’s debt-to-GDP ratio increased from 60% in 2019 to 72% in 2020, compared to the OECD’s average increase from 66% to 82%. The 2020’s debt-to-GDP ratio was 266% in Japan, Italy – 161%, the US – 131%, Germany – 73%, etc.
  8. Israel’s foreign exchange reserves-to-GDP ratio of 41% (3rd among the OECD countries) attests to its financial stability, and Israel’s capability to raise foreign credit promptly in a cost-effective manner. Israel’s foreign exchange reserves in March 2021 – $186bn.
  9. During the past decade, Standard and Poor (S&P) accorded Israel a positive credit rating trend, unlike the negative trend for the G-7 countries. In 2020, notwithstanding Covid-19, Israel’s credit rating (S&P) remained at AA.
  10. Some 380 global high-tech giants operate in Israel, including Microsoft, Amazon, IBM, Intel, Cisco, Apple, Verizon, Applied Materials, Dell, HP, Kodak, Oracle, Philips, SAP, Medtronics, GM, eBay, GE, etc. Israel leads the world in the ratio of research and development investment to GDP: 4.9%. 85% of this investment comes from the business sector.

 




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