The Secrets behind Israel’s Growing Innovative edge

Israel is quickly becoming an innovation giant. With just over 7.7 million people, Israel has an estimated 4,800 startups, many of them high tech. These companies are sources of groundbreaking innovation that is catapulting Israel to global tech prominence. The combination of Israel’s culture, environment and keen strategy has led to a tech boom that rivals Silicon Valley.

It’s not only the sheer number of entrepreneurial companies; it’s their astonishing, innovative edge. One of the most popular and widely known Israeli tech startups is Waze, a mobile phone traffic and navigation app that’s creating a “driving community,” and is used by nearly 50 million drivers worldwide. Waze has been so successful that it was recently acquired by Google. Or Cam is a startup that has developed technology that allows blind people with intact optic nerves to see. Phinergy has created a lithium car battery that triples mileage for electric cars. These are just a few examples of thousands of startups that are making Israel a “startup nation.”

Israel’s tech boom is good for Israel and for the global economy. The Tel Aviv Stock Exchange lists 616 companies, meaning Israel has one public company for every 12,500 citizens. By comparison, the U.S. has one public company for every 47,000 people. Israeli companies’ continued success is a model for the rest of the world, and a tribute to their enduring spirit in the face of significant challenges.

Israel is a flourishing high-tech hub in an increasingly inhospitable region. Yet the country is surprisingly self-reliant. At an October 7 Tel Aviv event promoting the International CES®, I moderated a panel of leading Israeli innovators. The discussion revolved around why Israelis are so entrepreneurial. The panelists’ responses revealed that Israeli tech prowess comes from a combination of intelligence, creativity, productivity and independence as well as their staunch determination to press on in the face of daunting opposition.

The panelists praised Israel’s education system. Dr. Yoelle Maarek, head of Yahoo! Labs Israel, said Israeli education is excellent, largely because the students participate actively. She compared her experiences teaching in France, the U.S. and Israel, and said Israeli students are the most eager to learn.

Best Ways for Startups to Get Seed Funding in India

Entrepreneurship is not a profession. It is a way of life.” The life of the entrepreneur is one of seeking and seizing opportunity. Entrepreneurs have historically been known as risk takers seeking to make their fortunes. Anyone can call himself an entrepreneur, or start his own business, but success requires knowledge, hard work, and determination.

Apart from these ingredients, at some point of his journey, an entrepreneur needs money to fuel his startup. But raising money is not easy so it is not for everyone. If you are a first time entrepreneur who is looking to understand the maze of Indian seed funding options then this article will help you reach there. No matter if you have raised a seed round already or you want to raise a sapling round or you want to get into an accelerator, you will still require funding to grow further.

The first step to hacking your seed round is identifying your investors and making a list. To make this easier, SiliconIndia has made a community for you to explore your options. The second step is to get introductions to them and talk about your company. The third step is to follow through, follow up and follow on.

There are 5 options for raising seed round in India, according to Mukund Mohan of Microsoft Accelerator:

  • Individual Influential Angels
  • Angel Network Champions
  • Seed Stage Institutional Investors
  • US Based Individual Angel Investors
  • IT Services Company CEOs

 

Source : silicon india