1. Israel is an immigrant country - Much like the U.S, the Israeli human landscape is a combination of various cultures, various schools of thought and approaches and - as such - is a breeding ground for new takes on a matter.
This was part of the United States secret sauce.
2. Necessity is the mother of invention - Unique needs in the security, agriculture, energy, and other sectors brought about the birth of inventions in military, communications, medicine, irrigation, solar energy fields - you name it.
3. Education - From its inception Israel has put an emphasis on the importance of education: From Elementary to Academic - and in spite of its small size, it holds some of the world's leading academic institutions.
4. Investment in innovation - 5% of Israel's GDP is invested into the private sector through various plans and grants of the Office of the Chief of Scientist in the ministry of Economy - No country in the world comes close to this percentage.
From as early as seed stage companies, to as far as publicly traded technology companies, Israeli tech innovators enjoy these grants and investments, aimed at increasing the amount of Israeli Intellectual Property and successful tech companies.
But it doesn't end there.
ALL major global tech companies have Research and Development centers in Israel : Apple, Google, Intel, Microsoft, Qualcomm, Samsung, Facebook - you name it: They're here. And it's a win-win situation.
Also, approximately 80% of the private investments made into Israeli startups comes from overseas.
This is on top of a vibrant, and experienced Israeli Venture Capital ecosystem, which is now entering it's third decade.
5. The IDF technologies - Tech developments for special forces, air force, ground forces, navy etc., later find their way into private market applications, giving the companies a unique edge over global competitors, Given Imaging is a great example.
6. Unique intelligence and data tech capabilities - The Mossad, Military Intel, Cyber warfare units, other agencies - No need to elaborate on the fact that some of the best - if not the best - minds in intelligence work for Israel. Young Israelis undergo unparalleled training and engage in sci-fi like activities.
Then they leave the service.
Now what do you think they're going to do?
7. The military service - By definition, the fact that at a young age an Israeli has to learn what responsibility means, what challenges are, what a mature set of proportions is, molds many Israelis into potential entrepreneurs and leaders.
8. Local market too small - From day 1 Israeli startups think globally. There is no point in aiming for the local market. It's tiny.
You aim for the needs of the giants.
BTW - many Israeli solutions are aimed at giving the little guy a chance to play in the big league, and it makes perfect sense in light of the above - they invented the tools THEY needed: Fiverr, EatWith, DubaMobile, Wix.
9. "Chutzpa" - It's a Hebrew word for attitude, sort of a "Yes We Can" state of mind.
"Of course our underfunded, 3 people strong, Middle East based startup will kick IMB's ass! What other option is there?"
10. Efficiency over protocol and hierarchy - This is a cultural thing. By the time an american or European company will finalize its company structure, product road map and work plan, an Israeli startups will have its Beta product ready for installation.
11. A tolerance towards failure - Israeli investors are very "forgiving" compered with other counterparts, with regards to past failure/s of a startup founder. The fact you failed COULD mean you've learned. It doesn't necessarily mean that, but it could. We're interested in checking if this is the case, so past failure doesn't get you shunned.
I loved it!!! Let's get to work on their principles.
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