Israel is a country of limited natural and financial resources. Nevertheless, has managed to create a robust technological base both in military and commercial sectors. From electronics and electro-optics, communications, information technology, safety & security, biotechnology and medical equipment through traditional sectors such as plastics and rubber, automotive equipment, metal, electrical and electro-mechanical equipment, Israeli products are recognized globally. This is highlighted by the fact that 60% of the country’s exports are high-tech products and most of the traditional industries are based on advanced technologies.
The unmatched pool of highly skilled workers and the world-renowned research and academic capabilities that the country has, are two of the most important resources that Israel uses in order to further boost its high-tech capabilities.
The highly advanced academic research platform and high-tech capabilities that Israel has enabled dozens of companies to build up expertise in areas such as electro-optics, advanced software applications, nanotechnology, electronic warfare, homeland security and multiple telecommunication applications. Israel has a significant reputation as an international center for research and development.
Another essential ingredient that Israel’s Industry has is the high quality and professionalism of its workforce. This specific aspect is better understood when we examine the Aerospace and Defense Industry of the country. The Israeli A&D workforces have operational experience gained from serving its Defense Forces, which explains why the Israeli engineers are close to the operational user, simply because they have the proper experience and knowledge.
Another way the Israeli authorities use in order to further boost the national technological base is through Industrial cooperation. The in charge authority for the realization of it is the Industrial Cooperation Authority (ICA).
ICA aims at developing new markets for high quality competitive goods and creating a framework for bilateral or multilateral industrial and trade cooperation between foreign companies or its subsidiaries and the Israeli industry. Additionally, ICA mentality addresses that industrial cooperation activities, subsequent to an industrial cooperation undertaking, are expected to be carried out on a competitive basis and should not be based on penalties, warranties or other financial guarantees.
Israeli companies are global leaders in developing new, innovative products. They have developed the ability to foresee market needs and devise innovative, cost-effective software products in a rapid and flexible way. Skilled workforce and advanced R&D capabilities has been the key elements behind this procedure.
Epicos Newsletter Head Editor