1st in R&D Investments
Israel invests 4.7% of its GDP in R&D, which is the highest ratio of any country in the world (IMD World Competitiveness Yearbook 2009).
Globally Open Economy
Israel is a preferred choice among leading global players. After the United States, Israel has the largest number of companies listed on the NASDAQ of any country and more than 60 Israeli companies are traded on various European exchanges. The long list of multinationals that run core activities in Israel includes: Microsoft, Berkshire-Hathaway, Motorola, Intel, HP, Siemens, Samsung, GE, Philips, Lucent, AOL, Cisco, Applied Materials, Winbond, IBM and J&J.
A Highly Educated Available Workforce
Israel is ranked 2nd in the world for availability of qualified scientists and engineers and 1st in terms of total public expenditure on education as a percentage of GDP (IMD Global Competitiveness Yearbook 2009) and providing multinationals with an exceedingly professional and skilled labor market. Four Israelis have won Nobel Prizes within the last 5 years in the fields of Chemistry and Economics.
Strong Managerial Entrepreneurship
As a testimony to the country’s vibrant start-up culture, Israeli managers were ranked 1st in the world for their business entrepreneurship (IMD Global Competitiveness Yearbook 2009).
Flourishing Start-up and VC Industries
Ranked 1st in the world for number of start-ups per capita and 3rd in the world for Venture Capital availability, Israel provides its entrepreneurs with the necessary backing to turn their innovative ideas into profitable businesses (IMD Global Competitiveness Yearbook 2009).
Ideal Conditions for Innovation
Israel provides the ideal environment to help stimulate innovation. It is ranked 3rd in terms of its quality of scientific research institutions and 5th in terms of utility patents and government procurement of advanced tech products by the World Economic Forum’s Global Competitiveness Report 2008-2009. Profit driven Israeli innovations include a long list of market firsts such as disk-on-key technology, IP telephony, ZIP compression, the ingestible pill-size camera, modern drip-irrigation technology, ICQ instant messenger, and many more.
Source: Invest in Israel