If people want to see the future of the world economy they should look to Tel Aviv, home to hundreds of startups and research centres,” Barack Obama, president of the US, said in March. For more on Obama’s views, expressed in his lucid and inspirational style, it is worth watching part of this linked video of his speech in Israel, starting around minute 44. The photo is of Tel Aviv’s Rothschild Boulevard, widely regarded as its start-up epicentre.

There are more than 700 early-stage start-ups and some…

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