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Israeli Innovation Is Breaking Boundaries

Israeli innovation has reached new highs in recent years. Israel is a major global hub that has a vibrant culture of innovation built on interdisciplinarity and a passion for innovation and entrepreneurialism and the ability to develop technical skills. The last few years have seen an explosion of Israeli technology that is demonstrated in the apex of multi-national companies, startups with innovative ideas as well as Israeli growth firms.

The “High Technology in Israel in 2018” chapter of this report will highlight another impressive year for Israeli technological innovation. This was achieved despite the difficult period during which the world order was been weakened due to international trade wars and tax reforms implemented by the Trump administration. It is particularly important to note the rapid growth of certain sectors like Fintech as well as artificial intelligence (AI) along with the maturation of companies that are growing within the “traditional” areas of cyber, the internet medical devices, etc.

But it is true that if Israel is looking to move from a nation that was once a startup to an intelligent nation it is essential that it is essential that the Israeli innovation ecosystem has to be able to break the barriers that it currently operates.

Israeli Innovation is measured by a variety of dimensions. Technologically speaking, the bulk of innovation is concentrated in areas of the ICT sector. From a geographic perspective the largest portion of activity is located in central Israel which is characterized by minimal activity in the major cities such as Haifa, Jerusalem, and Beersheba. From a demographic standpoint the majority of high-tech workers are 45-year-old non-Haredi men.1 Furthermore, the technological advancement is still not yet able to break the boundaries of the high-tech business. In the end, the majority of Israeli citizens do not believe that they are living in an “technological” country in the areas that impact their lives , including transport, commerce, finance as well as accessibility to services offered by the public. The result is that the enormous social and economic potential in Israeli technology is not fully realized.

We believe that innovation is the key driver of prosperity and well-being. Therefore, every citizen, sector, regions and spheres life in Israel ought to reap the benefits of it. The main theme of the State of Innovation in Israel report for 2017 was to increase the number of employees employed in businesses that were based on innovation. In our current report, we offer an idea of Israeli innovations that are breaking barriers in a variety of other dimensions.

Within the “Technology Technology and Power” Chapter, we’ll examine the challenges of the technological aspect that is the race to be the leader in the technological advancements to come. This is particularly relevant when viewed against the backdrop of increasing global competition in new technologies, particularly in artificial intelligence.

Within the “Personalized Medical Care” Chapter, we’ll discuss the challenges within the sectorial perspective that is how to go beyond the limits of ICT and build a leading personalized medicine environment in Israel. Israeli industry is able to benefit in the field of medical data. It is based upon the health fund’s electronic medical records as well as genome databases, on advanced basic research, and the established capabilities that is the Israeli ecosystem of ICT as well as other areas that make Israeli industry at a prime beginning point.In the “Innovation-Driven economy in the periphery” Chapter, we’ll discuss the challenges of the geographic dimension – breaking the boundaries of innovation activities that are predominantly within central Israel and expanding it to the other regions of the nation. We will present a practical plan based on increasing the use of technological innovation in cities, maximizing the potential of human capital in the peripheral regions and enhancing regional advantages through technological innovations.

In the “From an Advanced Tech Industry to a Smart Economy” Chapter We will discuss the “depth” aspect of the issue and how we can cause Israeli technological advances to be a part of the daily routine of Israeli society. We will suggest possible avenues in closing gaps between Israel and the most advanced Western nations, which have increased their population access to the latest technologies across all areas of everyday life.

Innovating beyond the limits that limit Israeli technology is part of a national goal. To be an industry leader in the technologies to come, Israel needs to invest in research infrastructures, the human capital of academia as well as within industrial R&D. The development of an economy driven by innovation within the peripheral regions requires a determined actions, both at the level national and local; coordination between all healthcare and innovation agencies is required to build a customized health system. Support from regulators across different industries is required to ensure the successful implementation of Israeli technological advances within economic development in the region.

Innovation Authority Innovation Authority is therefore cooperating with a variety of departments within the government to help achieve these goals. As a result, we have asked our partners from government to join in the report, and to present their own strategies and specific suggestions to address the pertinent challenges and objectives.

The report contains short focused articles on our vision that were written through our Ministry of Health, the Ministry of Education, the Council for Higher Education’s Planning and Budgeting Committee (PBC) and the Ministry of Transport, the Ministry of Energy, the Ministry for environmental protection, the Ministry of Economy and Industry and in addition to the Ministry of Agriculture and the Ministry of Finance together with the Ministry of Justice.

In summation In this report, we aim to encourage the transition of Israel from a country that was once a startup to one that is smart and a step that will be beneficial to the Israeli economy as well as the well-being of its citizens. Global technological, economic and socio-economic trends are colliding to open a door of opportunity, which of which the Innovation Authority will strive determinedly to make use of to benefits for Israeli citizens. State of Israel.