Although a much younger country, Israel must be acknowledged as a tech startup nation. The home of R&D centers for numerous large companies, Israel is also ranked second for R&D expenditure per capita. With $959b world venture funding per capita, the business success can be attributed to its numerous programs. Among these are conditional grants, tax breaks, and intellectual property incentives for investors and creators alike. The Abraham Accords, signed by the UAE, US, Bahrain, and Israel created 150,000 jobs immediately, with even more future potential. Not only did this help with kickstarting the Israeli economy, but it furthered international relations and startups to attain global success. At present, around 10% of all unicorns, companies with a valuation over $1b, come from Israel.
This environment fosters pivotal individuals including a Nobel Peace Prize recipient, machine learning specialists, and people who help found monumental companies like Amazon and Google. Not only is the rate of growth within Israel extraordinary, but the results are also undeniable. Systemically, Israel is an essential piece of the technology industry we know today.
Infographic by: collegecliffs
