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From Milk & Honey
to
Hi-tech & Money
By
Joseph Akerman
Consellor - Economic Affairs
The Map of Israel
Area of Israel:
21,671 sq.km
470 km long
135 km wide
Area of Sweden:
449,964 sq.km
(21 times bigger)
Main Economic Indicators
Jaffa Oranges vs. Software
A Successful High-tech Industry Needs
Flourishing Start-up Companies (3,000)
• High level of education
(8.1 - 8.6% of GDP, 21% - 15+ years of
education)
• Heavy investments in R&D
(4.4 - 4.8% of GDP, incubators, close to the
market)
• Immigration (Former Soviet Union)
• Conscript military service
• A very competitive society (entrepeneurship)
Israel’s Competitive Edge – IMD World Report 2009
ISRAEL'S BILATERAL TRADE WITH VARIOUS COUNTRIES
(MILLIONS OF U.S $)
2009
EXPORT
2008
IMPORT
2007
EXPORT
IMPORT
EXPORT
IMPORT
NORWAY
59
52
73,7
52,4
64
65
SWEDEN
119,9
523,1
179,7
693,6
171
556
DENMARK
132,8
200,8
164,5
215,1
108
186
FINLAND
332,6
332,6
167,8
370,2
155
340
CYPRUS
564,1
43,5
879,5
68
609
65
HUNGARY
112,9
251,9
174
288,7
116
196
JORDEN
229,1
70
283,1
105,9
253
54
Israeli Breakthroughs – Selected Examples
Where does Israel excel?
• Biotechnology
• Telecommunications
• Data security
• Medical equipment
• Software
• Optics
• Semiconductors
• Internet
• Agrotechnology
technologies
•
Computer
aided
• Safety & Security
education
So, Why Do Business in Israel?
• Outstanding human resources
• Modern infrastructure
• Supportive business environment
• Cutting edge technology and scientific
breakthroughs
Summary
• Israel is a center of innovation and
technological excellence
• Israel is a leading entrepreneurial society
• Israel enjoys an excellent track record in
breakthrough discoveries and innovations
• Foreign companies can cost effectively
conduct cutting edge research in Israel
• Israel’s government and policies strongly
support investment and economic growth
through Investment grants, Tax benefits and
R&D grants
By
Joseph Akerman
Consellor - Economic Affairs
Embassy of Israel, Stockholm – Sweden
[email protected]