Israel, or as it is increasingly becoming known, ‘The Start-up Nation’, is calling the attention of technology investors and companies from across the globe for the ecosystem being developed there in order to promote economic growth and innovation within the nation.
Tech hubs is a topic we’ve covered extensively on our blog, but as is the nature of the market, there is always new news and exciting emerging nations to look into for potential opportunities for investment. In today’s case, Israel, the home to over 6,000 tech start-ups, is a nation that not many of us initially associate with technological innovation and investment, but this is exactly what makes it an interesting choice to share with you.
What does Israel’s tech market look like?
Israel has been described as a magnet for entrepreneurs, innovation and high-return investments, a trio which seems to encapsulate the mindset of those looking to take their tech business to the next level.
In the first half of 2022 alone, Israeli tech companies have raised just under US$10 billion, a staggering number when we consider the economic situation of many countries in the West being impacted by high levels of inflation.
If you’re an investor or company owner, this figure presents an interesting debate, could relocating your tech development operations overseas, despite economic recession, stimulate longer term benefits and higher returns on investment? It certainly seems this way, and with a nation such as Israel which has evidently cultivated a hub for innovation and technology, perhaps there is not much of a debate to be had after all.
Silicon Wadi
‘Wadi’, translating to valley in Hebrew, makes this region of the nation pretty self-explanatory. A tech hub within a tech hub, concentrating innovation and development within an area of talent and economic growth, demonstrates the scope for success to be found within the tech industry in Israel.
Within this region, certain exports such as cybersecurity and defence technology is developed with government backing, making it unsurprising that 40% of cybersecurity tech sales are from Israeli companies. The idea of government support here is intriguing, presenting a tech hub in which innovation and development is rewarded, definitely an attractive prospect for investors and company owners.
So, if you are interested in finding out more about how investing in technology in Israel could be perfect for you, as well as other opportunities to develop your business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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