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Israel's strong start up cultureIsrael is a strong start up culture, with thousands of high tech companies across the country. Outside the US, it leads the world in number of companies on the NASDAQ. Technology and innovation are highly encouraged fields in Israel.

Israel is known as a global center for high tech for several reasons:

  1. Israel has a historical spirit of pioneering, which began with the kibbutzim over 100 years ago.
  2. The lack of Natural Resources encourages creative thinking and the development of technologies to overcome the challenges this creates.
  3. Israel is a country of immigrants. Many times, immigrants are driven to excel and do better as well as take higher risks because they have less to lose and more to prove.
  4. Israel's need for a developed defense system promotes investment in R&D in universities.

The Israeli government plays a strong role in the development of innovative technologies through the Office of the Chief Scientist which provides grants and tactical support for startup companies to conduct R&D efforts within the framework and expertise of an incubator program.

In addition to providing strong support to early stage companies, incubators also play a strong role in bringing innovative technology to the worldwide scene by supporting startups in the development of sales team and/or strategic alliances with global leaders as a mean to successfully penetrate relevant markets such as the United States or the European Union.

The Israel Conferenceâ„¢ in Los Angeles features innovative Israeli and Israel-facing companies that have developed market changing technologies and applications. The next annual Conference is on June 3, 2010 in Los Angeles.

Learn more and registerSee the Related Link below to learn more about the innovators that will be presenting at The Israel Conferenceâ„¢ 2010.
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Q: Why does Israel produce a lot of innovative technologies?
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