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(Business Insider) Julie Bort - With 4,800 startups in the country today, Israel has more startups per capita than any other country, and is no. 2 in actual numbers after the U.S. Tzahi Weisfeld, senior director of the Microsoft global startup group in Tel Aviv, explained what makes Israel startup heaven: The tech scene is not a matter of who you know but what you know. It's an industry-wide meritocracy. People launch careers a little later in life (after military service and travel) and with more worldly experience than in the U.S. and Europe. Israel is a huge hub for semiconductor R&D. Intel employs 8,300 people there. Apple, IBM, and Motorola all have similar chip R&D facilities. It all adds up to a nation of people who can create hardware, gadgets and apps and who have the confidence to leave good jobs and launch companies. 2013-05-03 00:00:00Full Article
Why U.S. Companies Are Drooling over Israel's Amazing Startup Scene
(Business Insider) Julie Bort - With 4,800 startups in the country today, Israel has more startups per capita than any other country, and is no. 2 in actual numbers after the U.S. Tzahi Weisfeld, senior director of the Microsoft global startup group in Tel Aviv, explained what makes Israel startup heaven: The tech scene is not a matter of who you know but what you know. It's an industry-wide meritocracy. People launch careers a little later in life (after military service and travel) and with more worldly experience than in the U.S. and Europe. Israel is a huge hub for semiconductor R&D. Intel employs 8,300 people there. Apple, IBM, and Motorola all have similar chip R&D facilities. It all adds up to a nation of people who can create hardware, gadgets and apps and who have the confidence to leave good jobs and launch companies. 2013-05-03 00:00:00Full Article
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