woensdag 17 oktober 2018

Israel gets top marks for innovation, entrepreneurship in WEF report

Global Competitiveness Report’s assessment of how economies are faring in Fourth Industrial Revolution puts the Startup Nation at No. 20 out of 140

Illustrative image of a competition (Tomwang112; iStock by Getty Images)
Illustrative image of a competition (Tomwang112; iStock by Getty Images)
Israel ranks first in the world for its attitude toward entrepreneurial risk and for the growth of innovative companies, and second, after the US, in venture capital availability, according to the latest Global Competitiveness Report published by the World Economic Forum (WEF) on Wednesday.
The so-called Startup Nation’s R&D expenditure as a percentage of GDP is also the highest in the world, and the nation is third, out of 140 countries ranked, in the number of companies that embrace disruptive ideas.
The country’s weakest points in the new report were the incidents of terrorism, putting it at 117 out of 140; the ease of hiring foreign labor, at 125; and imports as a percentage of GDP, in which Israel was ranked 109 globally, the report showed.