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How retaining talent will help to educate thousands of Israeli innovators

12 0 0
27.11.2020

Israel’s tech revolution in the 21st Century has been nothing short of emphatic. But in retaining its top talent, the country looks set to further scale-up its melting pot of innovation.

For a country that took pride in being known to the world as the ‘Start-Up Nation’, the growth of Israel’s business hubs has developed to the point where it’s already outgrown its nickname.

When Aart de Geus, CEO of chip design company Synopsys, visited Israel in 2018, he advised that Israel starts looking at itself in a new light. “I wouldn’t call Israel the Start-Up Nation anymore,” Geus told Globes. “You are now an industrial powerhouse. You have a country with several entrepreneurs and venture capital funds that have gone through four or five cycles. That’s a lot of experience. It’s no longer amateur hour at all.”

While Israeli investments in domestic companies have steadily increased over the past decade, foreign investment in Israeli companies has grown exponentially since 2013, with almost $1.58 billion arriving in Q2 of 2019 alone.

One of the most significant issues that countries face when aiming to transition from a start-up nation into a scale-up nation revolves around the retention of talent.

The retention of talent means that nations can utilise their top innovators to teach emerging talent, and pass on their skills to new startups to help them ensure that they become profitable faster.

When it came........

© The Times of Israel (Blogs)


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