- Israel is often called the “Startup Nation” due to the sheer number of entrepreneurs and tech companies in the country of 9 million people.
- While Arabs make up 21% of Israel’s population, they currently only make up about 3% of the tech workforce.
- Itzik Frid, a longtime Israeli tech entrepreneur and the CEO of a startup incubator focused on Arab-led startups, thinks increasing Arab participation in tech could have huge benefits for Israeli society by getting Jews and Arabs to work together towards common goals. There are many in Israel that share his philosophy.
- This post is part of Business Insider’s series on Better Capitalism.
Israel produces an impressive number of highly successful tech companies for a country with just 9 million people, from social navigation app Waze, which sold to Google in 2013for $US1.15 billion, to autonomous driving company Mobileye, which sold to Intel last year for a whopping $US15.3 billion.
Israelis have long lovingly referred to the Middle Eastern country as the “Startup Nation,” thanks to the sheer number of entrepreneurs building businesses there, particularly in cities like Tel Aviv.
Read the full article by Harrison Jacobs at Business Insider Australia.