Israel’s start-up nation concept pivots yet again.
Over the years, people have questioned when and how the Israeli start-up or scale-up sector would run out of steam. The fact is that not only are there no imminent signs of danger. If anything, the very opposite is true.
- “Thanks to stock options, some 10,000 senior tech employees have become dollar millionaires in the past year,” in Israel.
- Check Point yesterday became the latest local giant to post news of hundreds of new job opps.
- “Israeli tech companies …. have now raised $7.6 billion since the start of the year, more than 75% of the record $10 billion raised in all of 2020.”
And we know that whilst the economy dived around 3.5% last year overall, it was a boom time for hightech exports and recruitment.
Earlier today, I saw an amazing infographic illustrating the breadth of the Israeli insurtech sector. Two years ago, few had even heard of this concept.
A few hours later, I was reading how Israeli start ups have now encroached on the space industry. I suppose that there is a sense of cute romanticism that the Holy Land should be part of the reach for the stars.
While military corps may have led the way, there are at least 62 Israeli companies in the field. We are talking about software, space drones, oxygen production and much more.
Hightech, cleantech, cyber, Fintech, agritech: So, what’s next after outer space?