ISRAEL'S COMPETITIVE EDGE (from www.investinisrael.gov.il)
1st in R&D investments Israel invests 4.5% of its GDP in R&D, which is the highest ratio of any country in the world (IMD World Competitiveness Yearbook 2008). Globally open economy The business climate in Israel is rated 4th most positive towards globalization, making it a preferred choice of 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. Highly-educated available workforce Being 2nd in the world for availability of qualified scientists and engineers, Israel provides multinationals with a professional and skilled labor market (2008 IMD Global Competitiveness Yearbook). 4 Israelis have won Nobel Prizes within the last 5 years, those being in the fields of Chemistry and Economics. Strong managerial entrepreneurship As a testimony to the country's vibrant start-up culture, Israeli managers have been ranked 2nd highest in the world for their business entrepreneurship (2008 IMD Global Competitiveness Yearbook). Flourishing start-up and VC industries Ranked 1st in the world for number of start-ups per capita and Ranked 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 2008). Ideal conditions for innovation Israel provides the ideal environment to help stimulate innovation and 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 driving 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.
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