Bill Gates and Warren Buffet on “Why Israel?”
Israel—the Start Up Nation—is the leading entrepreneurial innovation economy in the world. Since the 1990s Israel has been the most vibrant high technology cluster outside the US. Several complementary factors have contributed to this: a highly adaptive innovativeentrepreneurial culture, significant defense R&D spending and training of personnel; the highly skilled immigration wave from the former U.S.S.R since 1989; prestigious high education and academic institutions; pro-active government policy for the promotion of civilian R&D spending since the 1980s; and the presence of many technology multi-national corporation and a locally managed venture capital industry that was boosted by the Israeli government in 1992 and that by adopting the US VC model and business culture grew remarkably fast since.
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