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Case Study of Technology Financing and Commercialization Programs — Israel

In: Technology Financing and Commercialization

Author

Listed:
  • Jarunee Wonglimpiyarat

    (Thammasat University)

Abstract

Israel is an innovation-driven country, having made the successful transition from an underdeveloped economy to a high-tech powerhouse. The country was ranked 19th in the 2013 International Institute for Management Development (IMD) World competitiveness ranking and 27th according to 2013 World Economic Forum (WEF) global competitiveness index. Israel was also ranked 16th in the category of very high human development according to the United Nations Development Program’s Human Development Report Index in 2012. In 2010, Israel was invited as a full member in the Organisation for Economic Co-operation and Development (OECD), an economic group of developed countries. The competitiveness of Israel is a result of its entrepreneurial culture and the government-led technology policies in venture capital (VC) financing. Israel’s high-tech industry — Silicon Wadi — is recognized as the most successful Silicon Valley-style economy outside the United States.

Suggested Citation

  • Jarunee Wonglimpiyarat, 2015. "Case Study of Technology Financing and Commercialization Programs — Israel," Palgrave Macmillan Books, in: Technology Financing and Commercialization, chapter 6, pages 153-175, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-47062-1_8
    DOI: 10.1057/9781137470621_8
    as

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