Afternoon Tea in Jerusalem Blog

In addition to my work as a business coach, one of my interests is blogging about life in Israel. This is a country full of contrasts – over eight million citizens living in an area the size of Wales. You can see snow and the lowest place on the globe in the same day. Although surrounded by geopolitical extremes, Israel has achieved a decade of high economic growth. My work brings me in contact with an array of new companies, exciting technologies and dynamic characters. Sitting back with a relaxing cup of strong tea (with milk), you realise just how much there is to appreciate in the Holyland. Large or small operations, private sector or non profit, my clients provide experiences from which others can learn and benefit.

Item one: For the fourth consecutive year, Deloitte’s has rated Israel as the second best high-tech investment opportunity after the USA.

Item two: If you are looking for emerging hubs, the holy city of Jerusalem is now officially ‘on the tech map’, an amazing achievement for a city engulfed in a decades-old religious-geopolitical conflict.

What i am trying to explain is it seems how almost every day a leading tech website is discussing what is so hot about the Israeli start-up scene. For example:

  • Forbes has discussed 3 Israeli start-ups that have made it without raising large sums of cash. My personal favourite is Curiyo, as led by the wonderful Bob Rosenschein.
  • Business Insider has commented on the “27 hottest Israeli start-ups”.
  • Entrerpreneur has looked at why countries such as Israel are so innovative.

I could cite more stories. What really brought this theme together for me was an item I read today about Or Offer, who founded Similar Web. An Israeli, he had been preoccupied with turning a small family jewelry business into an international brand. Then he hit a problem over potential competitors.

In trying to resolve the issue, Offer realised that his way of thinking and thus his potential solution was exposing an internet-based market that nobody had understood existed. Similar Web has since go on to raise over US$40 million and currently employs over 200 people globally.

The point? Israelis have an ability to identify an idea, see the commercial possibility behind it, and then use internal passion to drive the concept towards waiting investors. That is exciting. And that is why so many bloggers are devoting more and more space to what Israel has to offer the world.

….And if by chance you still you want further evidence of the amazing opportunities I have highlighted, just watch how these multinationals have long jumped on the band wagon.

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