Three reasons why Israel is the world’s hottest tech nation

You know Silicon Valley, but have you heard of Silicon Wadi? As a Business Development Manager for LeaseWeb, I have traveled to many countries, strengthening relationships with existing customers and building new ones. In December, I will embark on the mission of nurturing business relationships in Israel, together with other LeaseWeb team members. Here are three reasons why this country is so attractive to tech companies around the world.

1) Startup Nation

Israel’s tech boom rivals that of Silicon Valley – kudos to the combined benefit of Israel’s culture, environment, and keen strategy. As of today, Israel boasts over 4,800 startups (including many high-tech companies) and is often referred to as the “startup nation“. And it doesn’t stop there – the Tel Aviv Stock Exchange lists 616 companies, suggesting that Israel has one public company for every 12,500 citizens (Israel has a population of 7.7 million, smaller than some large cities). To compare, the U.S. has one public company for every 47,000 people.

2) Innovation Nation

Do you use USB sticks? Ever heard of Kinect? That’s right: Israeli innovation. Wireless charging, medical robotics, solar energy generating windows; the list of exciting new Israeli technology goes on and on. During the past 12 years, Israel has spent at least 4% percent of its GPB on R&D, double the world’s average. Some reports even state a number over 5%. The country is a hotbed of innovation. R&D is so popular, Microsoft’s Israel-based R&D department even maintains its own Facebook page.

It’s no wonder that the biggest technology companies in the world are aggressively expanding in Israel, which brings me to my next point.

3) Acquisition Nation

Two week ago, Apple announced the takeover of Kinect-maker Primesense. In 2012, the tech-giant established its presence in Israel through the purchase of the flash memory company Anobit. Last June, Google bought social mapping firm Waze. Two months later, IBM acquired Trusteer, a transaction fraud prevention company. Facebook, Intel, and Cisco have also been involved in recent takeovers. According to Dealogic, nearly $4 billion was spent by U.S. companies acquiring registered Israeli tech companies since 2012. And this is only counting figures from acquisitions that disclosed their financial details – most acquisitions do not announce that kind of information, so the actual number might be much higher.

LeaseWeb Nation?

It is this startup mentality, innovative drive, and tech focus that earns Israel the nickname Silicon Wadi. It creates a magnetic bond between LeaseWeb and Israel. Here at LeaseWeb, we take pride in having one of the most disciplined approaches to building out and operating a global infrastructure. It plays a significant role in revolutionizing the hosting industry, with automation being at the heart of everything we do.

We will be in Israel from 15-19 December 2013, meeting partners and customers. During our stay we’ll host a Happy Tech Hour on 19 December from 18.30 to 20.30 hours in Tel Aviv. If you would like to join us, be sure to sign up via www.lsw.to/ybr. And if you can’t make it to the happy hour, you can contact me directly through j.marfino@leaseweb.com to set something up. 

One Response to “Three reasons why Israel is the world’s hottest tech nation”

Leave a Reply

LeaseWeb on Twitter

April 27th was King's Day in the Netherlands. It was a great opportunity to celebrate together with our customers

test Twitter Media - April 27th was King's Day in the Netherlands. It was a great opportunity to celebrate together with our customers https://t.co/WXZ73zehsB

Linux Engineer? Are you keen to work in a fast-moving environment with like-minded people? Let us know! We're hiring lnkd.in/gZ_7Ezd

test Twitter Media - Linux Engineer? Are you keen to work in a fast-moving environment with like-minded people? Let us know! We're hiring https://t.co/I4EHP3oSc2 https://t.co/pHuv5hxH1c

Read our CEO's reflections on the amazing growth that has made LeaseWeb the company it is today: blog.leaseweb.com/2017/04/26/loo… #LeaseWeb20

test Twitter Media - Read our CEO's reflections on the amazing growth that has made LeaseWeb the company it is today: https://t.co/vg5W5PUjRW #LeaseWeb20 https://t.co/jU0aayoqdk

"Mens sana in corpore sano" - Our team in training for last year's Viking Run #LeaseWeb20 #throwbackthursday

test Twitter Media - "Mens sana in corpore sano" - Our team in training for last year's Viking Run #LeaseWeb20 #throwbackthursday https://t.co/pCNEfXwmAa