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All About Israeli Innovation

Israeli innovation has reached new highs in recent years. Israel is a world-class center with a thriving innovation culture built on interdisciplinarity as well as a spirit of entrepreneurialism, and a strong technical background. In recent years, we have seen an explosion of Israeli high-tech, which is reflected through the wide-ranging activities of multinational businesses, innovative startups and Israeli growth firms.

The “High Technology in Israel in 2018” Chapter in this report will detail another impressive year for Israeli technological innovation. This was achieved despite the difficult period during which the global order has been weakened due to global trade wars as well as tax reforms enacted by the Trump administration. It is worth noting the rapid growth of certain sectors like Fintech and Artificial Intelligence (AI) as well as the maturing of companies that are growing within the “traditional” sectors of the cyber, internet medical devices, and other.

But it is true that if Israel is looking to transition from a nation that was once a startup to an intelligent nation and a smart-up nation, Israel’s Israeli innovation ecosystem has to transcend the limitations that it currently operates.

Israeli Innovation is measured by multiple dimensions. In terms of technology, the majority of the innovation activities are focused on areas of the ICT sector. From a geographic standpoint the largest portion of activity is located in central Israel which is characterized by little activity even in large cities such as Haifa, Jerusalem, and Beersheba. From a demographic standpoint roughly half of all tech workers are between 45 years old non-Haredi men.1 Furthermore, the technological advancement is still not yet able to break the limits of the high-tech sector. This is why the majority of Israeli citizens do not believe that they are living in an “technological” country in the areas which affect their life, such as transport, commerce, finance as well as accessibility to services offered by the public. This means that the enormous social and economic potential in Israeli technology is not fully realized.

Our belief is that innovation is an essential factor in economic development and overall wellbeing. This means that every citizen, sector, regions and spheres life in Israel are expected to benefit from it. The main theme of the State of Innovation in Israel report for 2017 was the increase in the number of people employed by companies that are based on innovation. In our current report, we offer an overview of Israeli innovation that is breaking the boundaries in a variety of other dimensions.

Within the “Technology Technology and Power” Chapter, we’ll look at the issues of the technological aspect that is the race to be the leader in the technology that will be used in the near future. This is particularly relevant when viewed against the backdrop of a growing global competition the field of emerging technologies, specifically in artificial intelligence.

Within the “Personalized medicine” Chapter, we’ll examine the issue in the sectorial aspect that is how to go beyond the boundaries of ICT and build a leading personalized medicine environment in Israel. Israeli industry has significant advantages in the field of medical information: It is based upon the health fund’s computerized medical records and genome databases, on advanced basic research, and the demonstrated capabilities that is the Israeli ecosystem of ICT as well as other areas that make Israeli industry at a great beginning point.In the “Innovation-Driven economy in the periphery” Chapter, we’ll examine the issue of the geographic dimension – expanding the frontiers of innovation activities that are mostly concentrated within central Israel and spreading it to the other regions of the nation. We will suggest a feasible plan based on increasing the use of the high-tech infrastructure in the cities, maximizing the potential of human capital in the periphery , and increasing regional advantages through technological innovations.

Then, in the “From the Advanced Tech Industry to a Smart Economy” Chapter in which we’ll discuss the “depth” aspect of the problem in determining how to bring Israeli technological advancements to be a element of everyday life in Israeli society. We will offer possible solutions in closing that gap Israel and the top Western nations that have increased their population and access to modern technology in all aspects of everyday life.

Innovating beyond the limits that limit Israeli innovations is an incredibly multifaceted national goal. To be an innovator in the technology to come, Israel needs to invest in research infrastructures, academic research, as well as for industrial R&D. In order to build an innovative economy at the fringe requires focused actions on both level national and local; coordination among all healthcare and innovation agencies is required to build a customized healthcare system; the support of regulators across various sectors is essential to ensure the successful implementation of Israeli technological advancements within economic development in the region.

Innovation Authority Innovation Authority is therefore cooperating with a variety of government departments to advance these objectives. As a result, we have asked our partners from government to join in the report and provide their suggested solutions as well as detailed recommendations for tackling the pertinent challenges and objectives.

The report contains short articles with a focus on vision written from officials from the Ministry of Health, the Ministry of Education, the Council for Higher Education’s Planning and Budgeting Committee (PBC) as well as the Ministry of Transport, the Ministry of Energy, the Ministry for environmental protection, the Ministry of Economy and Industry as well as The Ministry of Agriculture and the Ministry of Finance together with the Ministry of Justice.

In summation In this report, we are aiming to facilitate the transition of Israel from a country that was once a startup to one that is smart which will be beneficial to the Israeli economy as well as the well-being of its citizens. Global economic, technological, and socio-economic trends are currently colliding to open a door of opportunity, which in which Israel’s Innovation Authority will strive determinedly to take advantage of for its benefit for Israeli citizens. State of Israel.