Some Good News For Israel!
According to Israel21c, California VCs look to Israel for the next big thing.
For the second year running, a delegation of some 30 American venture capital funds based in California were wowed by Israeli technological startups during a four-day visit last week.
20 innovative Israeli start-ups, in the preliminary stages of funding recruitment, presented their business ventures to the funds - companies specializing in telecommunications, computer and software development, security of computerized environments and media advertising.
How awesome is that? Well check out the article and find out.
posted by Esther @ 4:57 PM
5 comments
5 Comments:
Israel understand the word human capital.Human Capital ultimately trumps natural capital.
Well ... just try to formulate the "perfect" search string to use on an Internet search engine ... re: Israeli Inventions!
I can't do it!!! :(
I can find Scotland's, France's, Bulgaria's and Finland's ...
Nim'as li!
Also Israel has finally moved to a private sector economy. Since its inception, up until fairly recently, Israel was a socialist state, with one of the most ponderous bureaucracies imaginable (which, unfortunately, they still haven't managed to rid themselves of). But, El Al, for instance was government-owned, as were all their utility companies. I think it was Bibi Netanyahu who was a driving force behind the move toward privatization, which is probably one of the factors making Israel more attractive to foreign investors.
Interesting point Rory.
From what I can gather "the pos-socialist" red tape is still the major obstacle for the foreign capital.
Hopefully Bibi can do a lot more to cleaning up the red tape. At least his mind seems to be in the right place.
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