by Israeli technology is making waves around the world today. From agriculture and science to military technology, Israel has dazzled the world with its technology. Islamic countries surrounded by Israel, how did the miracle?
Israel in the headlines again. Its warplanes have attacked Iranian military bases. The move comes 25 days after Iran’s missile attack. With a population of less than 10 million, Israel has made a name for itself in the world based on its excellent technology and innovation. From agriculture and science to military technology, Israel has dazzled the world with its technology.
Today many countries of the world including India are using Israeli technology. Surrounded by Islamic countries on all sides, this country has fought many wars and won every time. All this he achieved on the basis of his invention. The question arises how a small country Israel became a hub of innovation?
There are many reasons why Israel has become a center of innovation. The biggest reason for this is the extra spending on research and development. Israel spends 5.56 percent of its GDP on research and development. This is almost twice the average of OECD countries. India spends only 0.65 percent of its GDP on research and development. The figure is 4.93 percent in South Korea, 3.46 percent in America, 3.43 percent in Belgium, 3.42 percent in Sweden and 2.43 percent in China.
Increase the number of unicorns
Israel has excellent universities and institutes for research. Military service is compulsory for most of the country’s citizens where advanced technical training is given to the youth. In the 1980s and 1990s many people coming out of military service gave a new direction to innovation. In addition, there are public-private partnerships to support innovation in the country. Israel has strong ties to Jews living abroad. This is why many foreign companies have opened research centers in Israel.
The Israeli government runs many programs to promote technological innovation. These include incubators, incentive programs and investment laws. The population of Israel is about 80 million. Due to the small population, entrepreneurs there think globally for their business. Recently, the number of unicorn startups in Israel’s tech sector has grown exponentially. Unicorns are companies whose valuation exceeds one billion dollars.
