9 min
Idea Spies Edition - The Why behind Israel as the Startup Nation of the World with Jeremy Ungar, Israeli Editor of IdeaSpies A Spanner in the Works
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- Business
Welcome to the 6th episode of the IdeaSpies Editor Series in partnership with the A Spanner in the Works Disruption Podcast. I'm Lynn Wood, the Founder and Chief Idea Spy of IdeaSpies.
Jeremy Ungar, Senior Trade Officer of the Israel Trade and Economic Commission in Sydney, Australia, and Israeli Editor of IdeaSpies, will update you on how Israel became the Startup Nation - the one to watch!
Why Israeli Ideas for Idea Spies? Israel is a little country in land mass with a relatively small population that is only turning 75 years old next year. But, about a decade ago, a popularised book hit the shelves; from then on, Israel earned the nickname 'The Startup Nation,' and for a good reason: With a population of around 8.5 million, it has the highest number of startups per capita in the world, around one startup per 1,400 people.
This phenomenon has caught the eyes of companies with global reach. Global companies are adopting Israeli innovations and buying their companies, investing in startups, and establishing research and development facilities in Israel to tap into their local workforce. Now, a decade later, after the book emerged, some are coining the phrase: Scale-Up Nation, or even using the phrase Unicorn, in exciting ways, to describe the Israeli ecosystem, which helps an idea grow from just that, an idea, to companies with one billion-dollar valuation.
What does he see in the business world? He sees growing attention from established industries, such as in Australia: Mining, Financials, and Water Corporations tapping into the yes-we-can attitude among young professionals in Israel. Companies there are building innovation labs to bring in startup ideas in their infancy, nurturing them amongst their large corporation, growing them, championing the ideas, selling ideas to their network, and benefiting in an above-market-value way.
You can see Israeli ideas, explained simply, on the IdeaSpies platform
https://ideaspies.com/search?q=israeli
Welcome to the 6th episode of the IdeaSpies Editor Series in partnership with the A Spanner in the Works Disruption Podcast. I'm Lynn Wood, the Founder and Chief Idea Spy of IdeaSpies.
Jeremy Ungar, Senior Trade Officer of the Israel Trade and Economic Commission in Sydney, Australia, and Israeli Editor of IdeaSpies, will update you on how Israel became the Startup Nation - the one to watch!
Why Israeli Ideas for Idea Spies? Israel is a little country in land mass with a relatively small population that is only turning 75 years old next year. But, about a decade ago, a popularised book hit the shelves; from then on, Israel earned the nickname 'The Startup Nation,' and for a good reason: With a population of around 8.5 million, it has the highest number of startups per capita in the world, around one startup per 1,400 people.
This phenomenon has caught the eyes of companies with global reach. Global companies are adopting Israeli innovations and buying their companies, investing in startups, and establishing research and development facilities in Israel to tap into their local workforce. Now, a decade later, after the book emerged, some are coining the phrase: Scale-Up Nation, or even using the phrase Unicorn, in exciting ways, to describe the Israeli ecosystem, which helps an idea grow from just that, an idea, to companies with one billion-dollar valuation.
What does he see in the business world? He sees growing attention from established industries, such as in Australia: Mining, Financials, and Water Corporations tapping into the yes-we-can attitude among young professionals in Israel. Companies there are building innovation labs to bring in startup ideas in their infancy, nurturing them amongst their large corporation, growing them, championing the ideas, selling ideas to their network, and benefiting in an above-market-value way.
You can see Israeli ideas, explained simply, on the IdeaSpies platform
https://ideaspies.com/search?q=israeli
9 min