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Israel Innovation Authority 2018-19 Report<\/strong><\/p>\n\n\n\n Minister of Economy and Industry, Eli Cohen<\/strong>: “In the financial world, characterized by technological innovation, the State of Israel is a key player. This is evident in the number of startup companies in Israel and the number of leading multinational corporations operating in Israel. In order for the Israeli high-tech to really live up to its potential the main challenge is to work towards increasing the number of people employed in technological sectors among the general population and in the periphery in particular. Moreover, following the sharp increase in the number of multinational corporations operating in Israel and contributing to the ecosystem, we must incentivize startups to continue growing locally, by providing resources, incentives and personnel that allow them to develop valuable technologies and maintain entrepreneurship in Israel.”<\/p>\n\n\n\nIsrael’s most significant challenge in 2019:
Investment in future technologies<\/strong><\/h2>\n\n\n\n
Israel Innovation Authority CEO, Aharon Aharon<\/strong>: \u201cWe must acknowledge the fact that the race for leadership in artificial-intelligence-based technology has begun. The State of Israel must close the gap with other countries who already make enormous investments in artificial intelligence infrastructures. Artificial intelligence and the changes it brings will be the key to economic growth worldwide. In order for Israel to continue to lead in the global technological race, it is necessary to allocate resources and a national artificial intelligence strategy shared by the government, academia, and the industry.<\/p>\n\n\n\n
Dr. Ami Appelbaum, Chairman of the Israel Innovation Authority and Chief Scientist at the Ministry of Economy and Industry<\/strong>: “In order to guarantee the impressive achievements of the high-tech industry and the future prosperity of the Israeli economy, the State of Israel must change from a Startup Nation to a Smart-Up Nation \u2013 an astute technological market. A leader in the development of future technologies as well as their assimilation in all walks of life.”<\/p>\n\n\n\n
The 2018-19 Innovation Report reviews trends, changes and innovation characteristics in Israel; it presents the challenges of the economy in the field of innovation and provides solutions for coping with them.
The report highlights a number of significant issues of crucial importance<\/strong>:<\/p>\n\n\n\n\n
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For this purpose, it is necessary to promote regulation that encourages innovation, and to increase the interfaces between the high-tech industry and the other sectors in the economy. Cooperation between The Innovation Authority and the other arms of the government is critical for achieving these objectives \u2013 and it is indeed at the heart of the Authority’s activity in the past year and its future plans.<\/li>\n\n\n\n