Why Are So Many Tech Companies Investing in Israel

Why Are So Many Tech Companies Investing in Israel?

Nov. 22, 2013
Investments in acquisitions range from $4 billion to $13 billion in 2012.

Considered second only to Silicon Valley, Tel Aviv, Israel is home to an increasing number of technical companies.

According to Alanna Petrof in an article on CNN, major players including IBM, Apple and Intel have been acquring Israeli companies.

These acquisitions represent considerable investments with a range that spans Dealogic’s estimate of $4 billion since 2012, to Microsoft’s estimate of $14 billion since 2012. The large difference in numbers comes from the fact that many deals are private and are therefore not reported.

Petrof points out that the government has played an important role in this expansion as far back as 1990 when it created a funding source of over $220 million for investing in Israeli startups by partnering with both American and European investors.  Currently the government offers tax breaks, loans and grants to encourage new R&D.

Read the full article at CNN " Big tech scrambles for Israeli firms"

About the Author

Adrienne Selko | Senior Editor

Focus: Workforce, Talent 

Follow Me on Twitter: @ASelkoIW

Bio: Adrienne Selko has written about many topics over the 17 years she has been with the publication and currently focuses on workforce development strategies. Previously Adrienne was in corporate communications at a medical manufacturing company as well as a large regional bank. She is the author of Do I Have to Wear Garlic Around My Neck? which made the Cleveland Plain Dealer's best sellers list. She is also a senior editor at Material Handling & Logistics and EHS Today

Editorial mission statement: Manufacturing is the enviable position of creating products, processes and policies that solve the world’s problems. When the industry stepped up to manufacture what was necessary to combat the pandemic, it revealed its true nature. My goal is to showcase the sector’s ability to address a broad range of workforce issues including technology, training, diversity & inclusion, with a goal of enticing future generations to join this amazing sector.

Why I find manufacturing interesting: On my first day working for a company that made medical equipment such as MRIs, I toured the plant floor. On every wall was a photo of a person, mostly children. I asked my supervisor why this was the case and he said that the work we do at this company has saved these people’s lives. “We never forget how important our work is and everyone’s contribution to that.” From that moment on I was hooked on manufacturing.

I have talked with many people in this field who have transformed their own career development to assist others. For example, companies are hiring those with disabilities, those previously incarcerated and other talent pools that have been underutilized. I have talked with leaders who have brought out the best in their workforce, as well as employees doing their best work while doing good for the world. 

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