DOCSLIB.ORG

9002483 Israel's Technology, Media, & Telecom Industry

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
9002483 Israel's Technology, Media, & Telecom Industry Israel’s technology, media, and telecom industry An overview for businesses considering innovation investments Jonathan Ohm, Managing Director, Deloitte Corporate Finance LLC Tomer Eblagon, Senior Associate, Deloitte Corporate Finance LLC Business sustainability within the technology industry in Israel’s technology industry: A snapshot Israel has depended on innovation since the industry's birth As a testament to its innovative spirit, Israel has the highest in the 1950s. Only by continually coming up with new concentration of technology companies outside of Silicon offerings do technology companies withstand competition Valley, and the most NASDAQ-listed technology companies and retain loyal customers. of any country except China and the U.S.4 For that, Israel has earned the nickname "Silicon Wadi," wadi being the For decades, the U.S. was recognized as a global leader in Hebrew word for small valley. technology development, with innovation after innovation coming out of places like Silicon Valley, Boston, and Austin. The strength of Israel’s technology industry can be Yet increasingly over the past decade, other innovation illustrated by the number of companies sold and other hotspots have emerged around the world in places like economic measures: Stockholm, Bangalore, London, Tel Aviv, Vancouver, and • Since 2004, more than 900 exits5 of Israeli technology Moscow.1 companies were announced (see Figure 1), totaling more than US$50 billion6 in value. Among these, Israel in general and Tel Aviv in particular • The majority of deals had multiples that were last seen appear to be among the faster growing hotspots. In recent during the days of the 2000 tech bubble (see Figure 2). years, the Israeli technology industry has turned into an • Israel's technology industry accounts for 15.7 percent economic success story by both local and international of the business sector’s7 gross domestic product (GDP). standards.2 To accomplish this, Israel has had to overcome • Israel's technology industry provides jobs for 6.8 obstacles such as lack of natural resources, the country’s percent of the employment market.8 small population (8.2 million citizens in a territory smaller • The country's technology industry accounts for 27 than New Jersey), geographic isolation, and the fact that percent of Israel’s total exports, of which 38 percent are Israeli entrepreneurs must both compete and collaborate to the U.S., 17 percent are to the European Union, and with each other. 30 percent are to Asia.9 Figure 1: All Israel technology exits 2004–201310 At the World Economic Forum in January 2014, Prime Minister Benjamin Netanyahu attributed the country’s technology success to five things: 36 25 Israel’s need to develop defensive innovations 131 248 Its world-class research institutions The country’s small size 910 Exits 93 A culture of learning A history that demanded innovation for survival3 194 For businesses around the world that might want to tap 182 Israel's technology innovation environment, this report offers a snapshot of the current technology industry in that country, focusing specifically on the Israeli technology, IT enterprise and software Semiconductors media, and telecom (TMT) sectors. The report reviews the Communications Other volume — and high valuations — of Israeli TMT companies Life Sciences Cleantech being acquired by multinationals, as well as a number of major companies that are establishing innovation and Internet research and development (R&D) centers in Israel. We Israel's technology focus also has encouraged more than also look at some of the reasons behind Israel's success 250 multinational businesses to establish innovation as an innovation hub, and we offer thoughts on what and R&D centers in the country. Of these companies, companies can expect if investing in the Israeli TMT 66 percent are U.S. based. More than 80 Fortune 500 industry sectors. companies have established technology accelerators, incubators, corporate venture capital offices, and R&D centers there as well.11 Among those companies are Cisco, Broadcom, EMC2, Google, Oracle, Microsoft, eBay, Facebook, IBM, Apple, Amazon12, and Intel.13 2 Israel’s TMT sectors: Going strong and growing Figure 3: Select Israeli startup acquisition stories stronger Transaction Target description The story Rationale A focus on the TMT segments of Israel's technology May 2012 Three years from The problem: Enterprise 'The XtremIO team industry reveals where much of the country's innovative EMC2 » inception, $25 storage increasingly and technology strengths are derived. Israel was ranked No. 2 after the XtremIO for million in venture demands virtualization for will help customers U.S. in investor confidence for those sectors in a 2013 $430 Million capital (VC) high-quality performance, take advantage of global Venture Capital confidence survey.14 In the last funding, Beta rapid response time, all-Flash storage decade, more than 690 TMT Israeli exits — accounting for stage product with scalability, flexibility, and across many 75 percent of all technology exits — had a total value of no revenue, 50 administrator agility. applications.'17 almost US$35 billion15 (see Figure 2). employees The solution: Leverage Figure 2: Number of Israeli exits and valuations, flash and enable the data 2004–2013 centers of the future. Year No. of exits USD value of exits The result: Disruption 2004 44 US$1.4 billion to the enterprise storage space with flash memory 2005 75 US$2.4 billion capabilities. 106 US$9.9 billion 2006 January 2013 Three years from The problem: Mobile 'This acquisition 2007 95 US$3.5 billion Cisco » Intucell inception, $6 usage is changing radically will help to $475 Million million in VC with more data and optimize the 2008 53 US$1.6 billion funding, ~$10 elements at a lower cost mobile experience 2009 50 US$1.2 billion million in revenue, per bit. and is aligned with 80 employees Cisco’s goals to 2010 67 US$1.9 billion The solution: Automatic create innovative algorithmic adjustments to 2011 81 US$4.1 billion technologies.'18 tweak the network without 2012 69 US$8.1 billion involving engineers — self-organization, 2013 52 US$4.3 billion self-optimization, and self- healing for all the network Within the Israeli TMT sector, the most attractive segments elements. appear to be information technology (IT) and enterprise software, with 248 exits valued at $14.76 billion; The result: Accessibility communications, with 185 exits valued at $12.9 billion; during Hurricane “Sandy” and Internet, with 94 exits valued at $4.49 billion.16 (Philadelphia). June 2013 Seven years from The problem: Real-time 'Through real-time The majority of these startups were acquired by Fortune Google » inception, $67 traffic data is challenging traffic updates, the 500 corporations, primarily U.S. companies. Since the Waze $966 million VC funding, to retrieve. acquisition of Wave startups had minimal revenues at the time they were Million 100 employees, a should improve acquired, the buyers appear to have been motivated by the The solution: Use of the few million dollars user experience.'19 potential of the innovative technologies and the staff they crowd for map creation in revenue, 50 possessed (see Figure 3). and traffic data. million users The result: Zero cost to build maps and collect real-time data, allowing a no-subscription model. A social data aspect was added to Google’s mapping business. Israel’s technology, media, and telecom industry 3 For the Israeli TMT industry, 2013 was a particularly Additionally, in 2013 total capital raised by Israeli TMT successful year: startups was US$2.3 billion, second only to the year • Somoto (software monetization) raised New 2000 record when US$3.1 billion was raised. Software Israel Shekel (NIS) US$20 million in its initial public companies alone raised 21 percent of this amount, second offering (IPO) on the Tel Aviv Stock Exchange at a only to the life science companies.23 company value of NIS 115 million. The offering was oversubscribed by NIS 55 million orders.20 Between 2003 and 2012, average Israeli TMT company • Galtronics (through its parent company, Baylin merger and acquisition deal size was US$54 million,24 Technologies Inc., an antenna manufacturer) raised and in 2012, the average was US$68 million. In 2013, US$50 million in its IPO on the Toronto Stock Exchange the average deal size increased to US$83 million.25 The at a company value of US$100 million.21 rise demonstrates that the Israeli TMT market continues • Wix (cloud-based development platform to create to mature: It appears that entrepreneurs are no longer professional HTML5 Websites and mobile sites) raised interested in early exit opportunities; instead, they are more than US$122 million in its IPO on the NASDAQ choosing to focus on creating sustainable technologies exchange. The 7.7 million shares sold were priced at and companies and maximizing their returns over the long US$16.50 each, which was at the top end of the range term.26 the organization provided before the IPO. The shares were up nearly 100 percent to US$29 in February In 2013 there were 52 Israeli TMT exits totaling US$4.29 2014.22 billion.27 Select 2013 transactions include: January 2013 February 2013 April 2013 Cisco bought Intucell NCR bought Retalix (IT & Avago bought CyOptics (communications) for US$475 enterprise software) for (communications) for US$400 million28 US$800 million29 million30 May 2013 June 2013 June 2013 Deutsche Telekom bought AG EMC2 bought Scale IO (data Google bought Waze ChooChee (communications) storage) for US$250 million32 (mobile) for US$966 million33 for $US100 million31 August 2013 August 2013 October 2013 AOL bought Adap.tv IBM bought Trusteer Facebook bought Onavo (ad:tech) for US$405 million34 (cybersecurity) for US$760 (social media) for US$200 million35 million36 4 Israel’s history: A major factor in innovative culture industry.39 In addition, the government has created 24 Some consider the success of the Israeli technology technology incubators that are scattered throughout industry to be intimately interwoven with Israel’s history.
Load more

Recommended publications
  • Arab Citizens' Integration Into Israeli High-Tech
    Arab Citizens’ Integration into Israeli High-Tech: Achievements and Emerging Issues Inter-Agency Task Force on Israeli Arab Issues August 2018 _____________________________________ Research: Alma Schneider Editor: Liron Shoham TABLE OF CONTENTS I. INTRODUCTION ............................................................................................................. 1 II. CONTEXT: HIGH TECH SUSTAINABILITY AND GROWTH .................................................... 3 Economic Footprint ................................................................................................................. 3 Human Capital Shortage ......................................................................................................... 4 Focus on Arab Society ............................................................................................................. 5 III. THE CHALLENGE: BARRIERS TO INTEGRATION ................................................................. 6 IV. DOMINANT STRATEGIES AND APPROACHES ................................................................... 8 V. DETAILED STATUS: ACHIEVEMENTS AND EMERGING ISSUES ......................................... 10 Higher Education: Completion and Employability ................................................................ 12 Depth of Workforce Integration ............................................................................................ 13 Industry Expansion – Tech Hubs and Startups ...................................................................... 14 Arab
    [Show full text]
  • The Animation Industry: Technological Changes, Production Challenges, and Global Shifts
    THE ANIMATION INDUSTRY: TECHNOLOGICAL CHANGES, PRODUCTION CHALLENGES, AND GLOBAL SHIFTS DISSERTATION Presented in Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy in the Graduate School of The Ohio State University By Hyejin Yoon, M.A. ***** The Ohio State University 2008 Dissertation Committee: Approved by Professor Edward J. Malecki, Adviser Professor Nancy Ettlinger Adviser Graduate Program in Geography Professor Darla K. Munroe ABSTRACT Animated films have grown in popularity as expanding markets (such as TV and video) and new technologies (notably computer graphics imagery) have broadened both the production and consumption of cartoons. As a consequence, more animated films are produced and watched in more places, as new “worlds of production” have emerged. The animation production system, specialized and distinct from film production, relies on different technologies and labor skills. Therefore, its globalization has taken place differently from live-action film production, although both are structured to a large degree by the global production networks (GPNs) of the media conglomerates. This research examines the structure and evolution of the animation industry at the global scale. In order to investigate these, 4,242 animation studios from the Animation Industry Database are used. The spatial patterns of animation production can be summarized as, 1) dispersion of the animation industry, 2) concentration in world cities, such as Los Angeles and New York, 3) emergence of specialized animation cities, such as Annecy and Angoulême in France, and 4) significant concentrations of animation studios in some Asian countries, such as India, South Korea and the Philippines. In order to understand global production networks (GPNs), networks of studios in 20 cities are analyzed.
    [Show full text]
  • Bridging the Innovation Gap Homeland Security Cyber Security Medical Instrumentation Sustainment & Support
    Defense Commercial Aviation Bridging the Innovation Gap Homeland Security Cyber Security Medical Instrumentation Sustainment & Support October 20, 2015 1 Noah's Heritage.... 2 2 2 Elbit System’s Corporate Snapshot Our vision: World leading source of innovative, technology-based solutions for diverse defense and commercial applications • Founded in 1965 • Annual revenues: ~$3B Israel ~$1B in the US 32% 22% Europe USA • 12,000 employees (~1800 in the US) 16% 30% 5,000+ engineers and scientists worldwide • Ranking: 29th largest defense company in the world 9+% annual investment in IR&D Revenues by Key Geographies Elbit Systems of America Proprietary Information 3 Key Business Areas Defense & Commercial EW & Countermeasures CYBER Solutions Airborne Systems & Simulation Systems Combat Vehicles & C4I & DAP Homeland Security Artillery Systems Tactical Communication Solutions Naval Systems Unmanned Vehicle ISR & Electro-optic Systems Systems >> Services & Support << 4 4 Elbit inside… making U.S. Systems better 5 5 Technical Superiority The Innovation Challenge Today’s Environment “To meet future needs, the Department of Defense must increase access to commercial state-of-the-art technology.” Secretary of Defense William J. Perry (June 1994) “Defense innovation is moving too slowly—in cycles that can last up to 18 years, whereas commercial innovation can be measured in cycles of 18 months or less” Senate Armed Services Committee (May 2015) “Our technological superiority is slipping. We see it every day” Deputy Secretary of Defense Bob Work (April 2015) “Now much more technology is commercial, and the technology base is global.” Secretary of Defense Ashton Carter (April 2015) Achieving and maintaining technical superiority is critical to our national security 7 7 Technology used to migrate from defense to consumer Corning Glass Teflon GPS 8 8 Now migrating from consumer to defense Cellular Networking Cyber Security Video Compression The challenge is breaking down barriers… 9 9 Innovation in Israel The “Silicon Wadi” The birth of the “Start-Up” nation .
    [Show full text]
  • Israel: „Silicon Wadi“
    Innovation global srael: „Silicon Wadi“ – nein, es handelt sich bei dieser Wortzusam- mensetzung nicht um einen Schreibfehler, sondern um die hebräi- I sche Übersetzung für Silicon Valley. Silicon Wadi ist das israelische Gegenstück zum Innovationsstandort im US-amerikanischen Ka- lifornien und konzentriert sich räumlich in Tel Aviv und Umgebung. Der Großteil, über siebzig Prozent, aller israelischen Start-ups ist hier ansässig. In Israel, ähnlich wie im Ausland, wird das kleine Land, das in etwa die Fläche des Bundeslandes Hessen umfasst und knapp neun Millionen Einwohner zählt, mit seinen rund 6.000 Start-ups häufig als die „Start-up- Nation“ des Nahen Ostens gefeiert. Kennzahlen zufolge ist Israel neben China und den USA einer der beliebtesten Standorte für Investitionen in Start-ups weltweit. Eine Branche floriert besonders: die Cyberabwehr und -sicherheit, die 450 Unternehmen zu ihrem Geschäft gemacht haben. In diesem Start-up-Zweig hat Israel China 2018 überholt, nachdem größeres ausländisches Wagniskapital in das nahöstliche Land als in den fernöst lichen „Riesen“ gepumpt worden war. Nahezu zwanzig Prozent des globalen Wagniskapitals flossen im vergangenen Jahr nach Israel. Nur die USA ziehen bislang mehr Investoren in dieser Branche an. Wie hat ein flächenmäßig so kleines und bevölkerungsarmes Land wie Israel es geschafft, eine der innovativsten Nationen im Bereich der Cyberabwehr und Cybersicherheit zu werden? Eine Antwort auf diese Frage gibt ein Blick in die Geschichte des jungen Landes. Die Freude über die Staatsgründung 1948 hielt nicht lange an, nachdem das gerade aus der Taufe gehobene Land nach der Ausrufung der Unabhängigkeit von seinen arabischen Nachbarstaaten angegriffen worden war. Abgesehen von Waffenlieferungen aus der damaligen Tschechoslowakei und Frankreich erhielt Israel keine nennenswerte Militärhilfe von anderen Staaten.
    [Show full text]
  • The Helix Model of Innovation in Israel
    THE HEBREW UNIVERSITY OF JERUSALEM Department of Sociology and Anthropology The Helix Model of Innovation in Israel: The Institutional and Relational Landscape of Israel’s Innovation Economy Prof. Gili S. Drori (editor) Ohad Barkai Amy Ben-Dor Navah Berger Alexandr Bucevschi Noga Caspi Avida Netivi With Prof. Henry Etzkowitz תשע"ג – 2013 Jerusalem, Israel E-2 | The Helix Model of Innovation in Israel Table of Content Preface E-7 1. Prof. Gili S. Drori Helix model of innovation in Israel: The global scheme and its local application E-9 2. Prof. Henry Etzkowitz Israel’s innovation system: A triple helix with four sub-helices E-39 3. Alexandr Bucevschi Industry Patent applications and the quadruple helix: Mapping connections in Israeli industry E-47 4. Navah Berger University Case study of the seven research universities’ technology transfer offices in Israel E-71 5. Amy Ben-Dor Government Feminist Discourse and Supporting Technology Innovation with Triple Helix Model Abstract E-101 6. Noga Caspi Civil Society Ashoka-Israel as an advocate of social entrepreneurship: A case of civil society impact on innovation and entrepreneurship in Israel Abstract E-103 | E- 3 7. Ohad Barkai Financial Sector The Israeli field of research funding: Implication for the helix model Abstract E-105 8. Avida Netivi Military “Talpiyot” project as a security triple helix Abstract E-107 E-4 | The Helix Model of Innovation in Israel | E- 5 Authors’ Biographies Ohad Barkai is a BA graduate of the Sociology and Anthropology Department, The Hebrew University of Jerusalem. He is currently employed as a QA engineer at FundTech Ltd.
    [Show full text]
  • The Origins of Silicon Valley: Why and How It Happened Here
    “The Origins of Silicon Valley” August 11, 2016 Talk at Flash Memory Summit The Origins of Silicon Valley: Why and How It Happened Here Paul Wesling , H-P (re tire d), IEEE Life Fe llow Past Communications Director, IEEE SF Bay Area Council Presented at the Flash Memory Summit August 11, 2016 or … You Are There! A step back through Santa Clara Valley and SF Bay Area history 1 “The Origins of Silicon Valley” August 11, 2016 Talk at Flash Memory Summit Classic Silicon Valley: 1976 1975, MP; Gordon French garage; O Homebrew Computer Club – Hobbyists meeting in Menlo Park and at SLAC – Steve Wozniak and Steve Jobs – The Apple I (to sell to friends) Classic Silicon Valley: 1976 Wozniak-Jobs partnership – called it “Apple Computer Company” – Start ed i n a garage iiLn Los Altos – Now has largest stock market capitalization – Most valuable brand in the world How could this happen? Why in the SF Bay Area? 2 “The Origins of Silicon Valley” August 11, 2016 Talk at Flash Memory Summit Before 1900 … The Santa Clara Mission “Valley of the Heart’s Delight” Before 1900 This was more typical … 3 “The Origins of Silicon Valley” August 11, 2016 Talk at Flash Memory Summit Let’s Go Back … Federal Telegraph – Formed in 1909 in Palo Alto (by Cyril Elwell, a Stanf ord grad) – Lee de Forest invented the audion oscillator and amplifier in 1907 – Pioneered continuous- wave radio De Forest tube Federal Telegraph – Paulsen Arc Transmitter, 1909 . Demonstrated sending CW and voice – Raised funds from “angel investors”, including David Starr Jordan, Stanford’s president – Demonstrated communication from S.F.
    [Show full text]
  • A Case Study of Israel Public Disclosure Authorized
    102958 world development report Public Disclosure Authorized BACKGROUND PAPER Digital Dividends Public Disclosure Authorized Best Practices and Lessons Learned in ICT Sector Innovation: A Case Study of Israel Public Disclosure Authorized Authors Dr. Daphne Getz and Dr. Itzhak Goldberg Researchers Eliezer Shein, Bahina Eidelman, Ella Barzani Public Disclosure Authorized This background paper was prepared for the World Development Report 2016 Digital Dividends. It is made available here to communicate the results of the Bank’s work to the development community with the least possible delay. The manuscript of this paper therefore has not been prepared in accordance with the procedures appropriate to formally-edited texts. The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. 1 Table of Contents Executive Summary and Key Findings ......... 5 1 Background and Sources for the Development of the ICT Sector in Israel ....... 8 1.1 Historical Background of Israel's Science, Engineering, and Technology Innovation ...... 8 1.2 Government Policies and Initiatives for the ICT Sector in Israel ............................................ 11 1.3 Analysis of the ICT Ecosystem for Entrepreneurship in Israel ................................................. 12 1.4 Case Studies of Successful ICT Startups Companies .................................................................
    [Show full text]
  • The Political Economy of Israel's Homeland Security
    Working Paper III: The Political Economy of Israel’s Homeland Security/Surveillance Industry by Neve Gordon* April 28, 2009 * Ben-Gurion University, Beer-Sheva, Israel, [email protected] 1 Table of Contents INTRODUCTION: EXPERIENCING HORROR .................................................................................................3 CHAPTER ONE: ISRAEL AS A HOMELAND SECURITY/SURVEILLANCE CAPITAL..............................5 1.1 THE SIZE OF ISRAEL’S HOMELAND SECURITY/SURVEILLANCE INDUSTRY.........................................................7 Figure 1: Israel Homeland Security............................................................................................................................11 1.2 THE INDUSTRY’S REVENUES.....................................................................................................................................11 1.3 THE INDUSTRY’S STRUCTURE...................................................................................................................................13 1.4 POST‐FORDIST MODE OF PRODUCTION .................................................................................................................16 CHAPTER TWO: THE EMERGENCE OF ISRAEL’S HOMELAND SECURITY INDUSTRY ................... 17 Figure 4: Historical Roots of the Homeland Security Industry.......................................................................17 2.1 THE MILITARY INDUSTRY .........................................................................................................................................17
    [Show full text]
  • Ict Startup Entrepreneurs As Subjects of International Development in Amman’S ‘Silicon Wadi.’
    DEVELOPING APPS, DEVELOPING JORDAN? ICT STARTUP ENTREPRENEURS AS SUBJECTS OF INTERNATIONAL DEVELOPMENT IN AMMAN’S ‘SILICON WADI.’ A thesis submitted to the Faculty of the Graduate School of Arts and Sciences of Georgetown University in partial fulfillment of the requirements for the degree of Master of Arts in Arab Studies By Alexandra Robehmed, B.Sc. Washington, DC August 31, 2015 Copyright 2015 by Alexandra Robehmed All Rights Reserved ii DEVELOPING APPS, DEVELOPING JORDAN? ICT STARTUP ENTREPRENEURS AS SUBJECTS OF INTERNATIONAL DEVELOPMENT IN AMMAN’S ‘SILICON WADI.’ Alexandra Robehmed, B.Sc. Thesis Advisor: Fida J. Adely, Ph.D. ABSTRACT Entrepreneurship has become a buzzword in international development, but what does it mean to be a tech entrepreneur in a developing country? This thesis argues that entrepreneurs occupy complex positions, both criticizing and supporting development interventions, using Jordan’s information and communications technology (ICT) startup ecosystem as a case study. ICT startup entrepreneurs are central figures in development narratives in Jordan, embodying ideals of private sector growth, neoliberal individualism, and the knowledge society, in an economic context of high youth unemployment and a diminished public sector following structural adjustment policies. International development organizations support ICT startup entrepreneurs in Jordan through access to finance and educational initiatives. This thesis makes two key arguments: first, that ICT entrepreneurs criticize development interventions as changing funding and labor markets, distorting the free market that entrepreneurship is supposed to epitomize. Second, that entrepreneurs internalize the logics of development. As critics of development such as Arturo Escobar and James Ferguson note, it is through development that the subjects of development realize that they are underdeveloped.
    [Show full text]
  • Understanding Innovation Clusters
    Understanding Innovation Clusters An Exploratory Study of Israel and Southern Sweden May 2013 Author: Johannes Ivarsson Program: Master of Science in Industrial Engineering and Management Supervisor: Carl-Johan Asplund External Supervisor: Rikard Jacobsson, PwC II Acknowledgements This thesis was conducted at the Faculty of Engineering at Lund University as a part of my Master of Science in Industrial Engineering and Management. The idea of the study and its purpose was initiated and developed by me in collaboration with PwC and Rikard Jacobsson. I would like to send a special thank you to Carl-Johan Asplund, my supervisor at Lund University who has been constantly challenging and pushing my boundaries. My creativity and my abilities have been thoroughly tested and developed due to his inspiring supervising approach. I would also like to direct my gratitude to Rikard Jacobsson, my supervisor at PwC in Malmö. Without your sharp intellect and your ability to analytically understand and cut through complex problems, this thesis would certainly be a lot more “fuzzy”. Further on, big thank you for letting me incubate and develop ideas in your great office in Malmö. Malmö, May 20, 2013 Johannes Ivarsson III IV Abstract Title Understanding Innovation Clusters, An Exploratory Study of Israel and Southern Sweden Author Johannes Ivarsson Supervisor Carl-Johan Asplund Presentation date May 23 2013 Purpose The main purpose of this explorative master thesis is to describe, explain and understand the main success factors that lie behind the regional innovation system in Silicon Wadi in Israel. This is done in order to suggest some tentative ideas on how to further develop the emerging ICT cluster in Malmö/Lund.
    [Show full text]
  • High-Tech Connection: from Silicon Valley to Silicon Wadi on Occasion
    High-tech connection: From Silicon Valley to Silicon Wadi High-tech ties between Palo Alto and Israel are growing, with no end in sight http://www.paloaltoonline.com/news/show_story.php?id=8894 by Arden Pennell Palo Alto Online Staff Wednesday, August 6, 2008 On occasion, businessman Eric Benhamou forgets where he is. Sitting under a row of clocks labeled "Palo Alto," "Paris" and "Tel Aviv" at his Cowper Street office, the long-time investor in Israeli businesses often conducts video conference calls. While speaking with executives abroad, Benhamou's sense of place wavers, he said. The conference rooms look the same, the entrepreneurs are equally passionate on either side of the ocean, and the time slips by. "Sometimes I forget which continent I am in because it really feels culturally very similar," he said. Never more so than right now, according to observers in Silicon Valley and Israel. As the Middle Eastern nation's high-tech economy grows -- developing a venture-capital engine resembling the United States' and a crop of business-minded young technologists - - the exchange between here and there is growing. At least 25 Israeli startups moved to the Bay Area from 2006 to late 2007, according to a count by the San Francisco Business Times. The Israeli consulate estimates about 40,000 natives are living on Valley soil. Israelis come to Silicon Valley seeking access to investors and America's mighty, 300- million-consumer marketplace. In return, they bring technical expertise often honed during military service and the "I can do it better" attitude many Israelis say is inherent to their culture.
    [Show full text]
  • Social Entrepreneurship As a Potential Trailblazer for a Social and Humane Form of Society
    Social Entrepreneurship as a Potential Trailblazer for a Social and Humane Form of Society A Qualitative Study of the Social Entrepreneurship Ecosystem of Israel - Master Thesis submitted in partial fulfilment of the requirements for the degree of M.Soc.Sc Organizational Innovation and Entrepreneurship Copenhagen Business School Student Names: Niklas Hencke, William Hovmand Johs, Niklas Yves Peter Student Numbers: 124251, 125021, 125386 Submission Date: 15.05.2020 Supervisor: Christiane Mossin Characters/Pages: 348.551 / 150 Table of Content Table of Content ii List of Figures iv List of Tables v List of Abbreviations vi Abstract vii 1.Introduction 1 2. Capitalism 5 2.1 Intro to Capitalism 5 2.1.1 Contemporary Capitalism: Development 5 2.1.2 Status Quo 6 2.2 Shortcomings of the hegemonial system 7 2.2.1 Inequality 7 2.2.2 Sustainability 9 2.3 Towards Altering the Status-Quo 11 2.3.1 Real Utopias 12 2.3.2 Overcoming Capitalism 16 2.3.3 Altering Capitalism 19 3. Social Entrepreneurship 24 3.1. Social Entrepreneurship as a Concept 24 3.1.1 Defining Social Entrepreneurship 24 3.1.2 Social versus Business Entrepreneurship - Differences and Similarities 28 3.1.3 The Hybrid Model - Opportunity or Neoliberal Takeover of SE 34 3.1.4 The SE Ecosystem - The Relation between SE and Institutions 37 3.2. Challenges of Implementing Social Entrepreneurship 40 3.2.1 Money is not Everything, but Everything Needs Money - The Challenge of Financing SE 40 3.2.2 The Challenge of Measuring Impact as Social Venture 42 4. Israel - A brief introduction 46 4.1 Creation of a Jewish Nation State 46 4.2 Major Conflicts 47 4.3 Israel - The Start-up Nation 49 5.
    [Show full text]