5 reasons behind Israel’s startup success -With a population of eight million people, Israel has over 6,000 startups and attracts more venture capital per person than any other country in the world. The Israeli startup scene extends from the tech hub of Tel Aviv to Jerusalem and all the way to the southern desert city of Beersheba.The country’s success story can be traced back to many complementary or competing factors.I recently wrote about 10 Israeli startups to watch in 2015 and while it’s interesting to observe the individual movers and shakers, it’s fascinating to delve deeper into the underlying factors that have produced Israel’s highly successful startup ecosystem.Israel is often compared to the dynamism of Silicon Valley. However, Israel is unique with its own cultural traits.During a recent Product Hunt Meetup in Tel Aviv, I had a chance to quiz the two visiting speakers, John Rampton and Murray Newlands, about their thoughts on Israel and how the country’s startup scene compares to Silicon Valley.“Israel isn’t Silicon Valley…but it will be with time,” said Rampton, the founder of Due.“Silicon Valley boasts dozens of billion dollar tech companies that have started in the past 5-10 years. When they go public, these founders start and invest in other billion dollar companies. Then in more and more billion dollar companies. Israel needs more time to get there.It has a highly skilled labor force, but it will take time and money to get to where Silicon Valley is. It’ll get there, but it will take more time to get where San Francisco is currently,” Rampton added.Indeed, Israel is slowly evolving into a global tech giant. The following looks at the unique elements that created the circumstances that gave rise and solidified the strength of the Israeli startup scene – and might transform the young startup nation into an exit nation.
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The lack of natural resources
The necessity of self-reliance
A Culture of Diversity
Immigration