Innovation is a cornerstone of the Israeli growth and most start-ups are developing in the field of new technologies.
1. Panorama of the high tech industry.
Innovation is the engine of growth in Israel, or 12.5% of economic output and 8% of employment. The Internet industry is made up of 1,500 companies and start-ups in 2014. Israel now has the most young tech companies and venture capital industry larger than any other country in the world. For example, Waze was founded in 2009 and was acquired by Google for $ 1.3 billion in 2013.
According to the World Economic Forum, the pillars of the Israeli economy’s ability innovation, the quality of scientific research institutions, collaboration in R & amp industry; D, availability of scientists and engineers, public procurement and advanced technology products
The success. the high-tech industry in Israel is due to investor protection and the exemption for venture capital gains and foreign investors. In 2012, Israel had more companies listed on the stock exchange NASDAQ than any other country outside the United States.
2. The industry of the Israeli venture capital.
The venture capital industry in Israel has played a fundamental role in the development of high-tech industry. He served as a link between companies and investors. It developed due to several factors, including through tax exemptions on investments in Israeli venture capital and funds created in collaboration with major international banks and financial companies. The High-Tech companies totaled 47 billion USD 800 deals.
3. Global companies.
global technology companies in Israel have a strong presence and a positive experience in Israel. Many companies known worldwide have branches and centers R & amp; D in Israel. For example, Google employs 400 people and has two centers of R & amp; D, one in Haifa and one in Tel Aviv. It is one of three centers for start-ups in Israel. Microsoft hired 800 employees and operates the leading center for R & amp; D outside the United States. IBM 400 employees and operates four R & amp centers; D
Many mobile operators are created in Israel. For example, Golan Telecom is a company founded in 2007 by Michael Golan, a French citizen who settled in Israel, and its partners, including Xavier Niel. Golan includes calls, including free long distance calls to certain international destinations, unlimited internet and SMS . It offers vacationers temporary and virtual mobile numbers. Prices were lower than those offered by existing wireless providers in the country when introduced. He forced the others to reduce their prices.
Patrick Drahi built in Israel, an integrated cable operator and mobile. He began to acquire shares in 2009, on the occasion of the merger of three cable operators in the country. After developing a network covering 65% of the population, it signed an agreement to share the frequency and infrastructure with Orange (a trademark of capital without the license of the French operator).
Lior Pick & amp cabinet; Co specializes in consulting and legal assistance for businesses and individuals in the areas of taxation, high technology and investments in Israel and worldwide.
This article should not be considered recommendation and / or the expression of a personal opinion. The firm recommends to receive for each particular situation professional advice in accordance with the circumstances of the case
Lior Pick & amp. Co Law Firm
2 Hanechoshet St., Ramat Ha’chayal, Tel Aviv, ISRAEL
Tel: + 972-3-5105002
> Fax: + 972-3-5105025
Email: firstname.lastname@example.org email@example.com