Posts Tagged ‘israel economy’

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Israel is the Silicon Valley of the Mediterranean

March 16, 2008

In other words: Israel’s Technology Creates an Investment Goliath

Yes, ladies and gents, as many of us here in Israel know (and few of us outside of it know), Israel is a powerhouse when it comes to technology and medicine. It is third only to the US and Canada in terms of number of companies listed on Nasdaq (75!!!), well ahead of England, China, and Germany.

For those of you who don’t know (again, probably most of you), Israelis have invented much of the technology used today such as instant messaging (ICQ), firewall security software, Intel wireless computer chips, numerous medicines, and miniature video camera capsules to examine internal organs. Other Israeli inventions: the cell phone (invented by Motorola, with it’s largest R&D center being in Israel), most of the Windows NT operating system, voice mail technology, and VOIP technology.

More Israeli patents are registered in the US than from Russia, India, and China combined, despite the enormous population disadvantage (about 7 million in Israel vs. 2.5 billion combined in the other 3).

Click here to read about Israel’s robust economy in this great Fox Business article.

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