Innovative region: Israel

Israel has the largest number of startups per capita in the world, according to consulting firm Deloitte, which explained that factors such as Israel’s creative and flexible society and culture, technology entrepreneurs and investors’ global-first approach, strong economy and government support are contributing to the ecosystem’s success.

The country also produces the highest number of engineers per capita and has the world’s second-highest research and development (R&D) spending as a percentage of the gross domestic product (4.3%), Deloitte added in its article, The Israeli Technological Eco-system.

David ‘Dede’ Goldschmidt, Israel-based vice-president, managing director and head of Samsung Catalyst Fund (SCF), a corporate venture capital (CVC) vehicle for South Korea-headquartered consumer electronics conglomerate Samsung, pointed out several key attributes that make Israel unique within the worldwide startup community.

Goldschmidt said: “An entrepreneurial culture – Israelis tend to be practical and agile in their problem-solving attitude, seeking ways for fast implementation of new…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.