In 2013 alone, Israel produced 1,000 new startups and attracts more venture capital per person than any other country in the world.
CASE STUDY: Israel, a hotbed for startups and entrepreneurs
Israel has created a startup ecosystem that is second only to Silicon Valley, which continues to grow and create new opportunities for entrepreneurs.
There are a few reasons why the start up scene is thriving:
In Israel, most citizens join the army before entering college and in the Israeli military it is quite common to become a technology expert at an early age. The environment also encourages entrepreneurship and leadership.
The government also encourages young entrepreneurs to take the risk of beginning a startup company by providing early-stage funding.
Israel has some of the best universities in the world, with a big focus on technology.
Like South Korea, the UK and the United States, certain common characteristics emerge in an analysis of the global leaders in entrepreneurship:
They support the growth of technology companies through a range of policy measures and programs specifically aimed at firms with the greatest capacity for growth.
They start early, introducing entrepreneurship in schools and immersing university students in a diverse range of entrepreneurship programs.
Leading countries make technology entrepreneurship a priority, backed by a national strategy that recognises the role of universities as drivers of entrepreneurial culture.
They expose young people to the best international startup ecosystems and cultures in order to produce entrepreneurs who think globally.
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