Innovation & Hi-Tech
“Israel is one of the world’s foremost entrepreneurial hot spots. Israel has
more high-tech start-ups per capita than any other nation on earth, by
far. It leads the world in civilian research-and-development spending per
capita. It ranks second behind the U.S. in the number of companies listed
on the Nasdaq. Israel, with seven million people, attracts as much venture
capital as France and Germany combined.”
- New York Times, January 2010
It is now universally recognized that innovation has been the principal driver of economic growth in Israel since the early 1990s. This was achieved through a combination of government policy, venture capital investments, capital markets and extensive expertise in M&A. Israel is a wonderful laboratory to examine this phenomenon because high-tech -- a central element of innovation -- has become the engine of economic growth.
Innovation Economics provides a theory and narrative of economic growth grounded in innovation in a world economy that has been transformed by the forces of technology, globalization, and entrepreneurship. This model reformulates the traditional economic growth model so that knowledge, technology, entrepreneurship, and innovation are positioned at the center rather than as an extraneous element.
I-Biz Innovation reports examine how the economy creates wealth by focusing on a different set of innovation economics based questions:
- Are companies investing enough in innovation and does government policy effectively encourage this investment?
- How efficient is business in fostering innovation and in what fields? In what areas is business less effective?
- Are research institutions efficiently transferring knowledge to companies?
- How can government stimulate innovation in fields with a long time-to-market such as biotechnology, nanotechnology or clean technology?
- What are the effects of trends in the capital market on funds available for investment in innovation?
I-Biz consults for the European Union
on Israeli Innovation and innovation policy, and has written several reports on the subject. Click here
to view them.