Israel’s reputation as the “start-up nation” is well-earned. Israeli companies have established themselves at the forefront of global industries, and today the country is leading the charge in global technology.
Since the 1970s, the Chief Scientist of the Ministry of Economy has been granting funding for entrepreneurs, as well as establishing programs designed to promote entrepreneurship and innovation. Israeli industry can still credit its competitive edge internationally to these programs, with representatives of countries around the globe coming to Israel to study the Chief Scientist’s model and management methods. But over the years Israel’s status has been eroded, and various attractive funding bodies have been established, with the dizzying pace of change making it hard to adapt as required.