The State of Israel has been at war since its inception. It never achieved an outright victory. Each war ended with forced upon ceasefire and created a ceasefire frontier line, not a permanent border. Each war ended with another possible war to come. Seventy years since her Declaration of Independence, the State of Israel does not have a defined, permanent border.
When the state of Israel was founded, the decision of the leaders at that time was to have a people’s military force. Each young boy and girl, at the age of 18-years-old, is drafted to a mandatory 2-3 years military service.
Needs Bring About Inventions and Innovations
Israel’s continuous military needs, the country’s state of insecure borders, ongoing terrorism it has been enduring on a daily basis, lack of water resources, weather conditions and a large list of economic needs, together with the proverbial Israeli ‘chutzpa,’ meaning daring, created a startup nation. Today it could easily be called an approximately 8 million people stand-up nation.
When many people think of Israel, they think innovation and inventions. Not a day passes when we do not hear about a new device, a new medical treatment, a new technology making its way from Israel into the global market. Purchases, or as they call it “exits,” valued in millions or billions dollars, in which some innovative, ahead of its time Israeli technology has been bought by a global giant makes the news headlines.
Here are some statistics the reader should know.
- In 2017, Israeli Venture Capital Funds themselves invested $814 million dollars (16%) of the entire global investments.
- In 2017, Israeli tech companies raised $5.4 billion US Dollars;
- For seed and early stage companies, $1.3 billion was raised.
- For mid and late stage companies, $3.9 billion was raised (80%).
- Software companies raised $1.9 billion
- Artificial intelligence companies raised $1.3 billion
- Cyber security companies raised $791 million. Cyber security global economy stands at $400 billion strong.
- Automotive technology companies raised $810 million.
In addition, ten Israeli start-up companies raised $840 million, initial coin offering in return for cryptocurrencies they issued.
This week, at the lavish Beverly Hills home of Elena and Javid Levian, Elite Entrepreneur Organization, headed by Katherine Kahen, in collaboration with the Merage Institute, Yishay Aizik, executive director of the Merage Institute, and the Southern California Israel Chamber of Commerce, put together one other US-Israel Innovation Bridge Executive Program event, which featured 16 Israeli Homeland Security with emphasis of cyber security companies.
In the 21st century, a large percentage of human beings are having a daily romance with a computer and computerized technology, a technology that progresses and changes almost daily and the average person does not fully understand.
For instant, the state of Israel’s borders are largely protected by computerized technology, called watch-out surveillance-Tatzpiot. When President Trump calls to build a wall with Mexico, the average Joe in Congress thinks a brick wall. What President Trump means is some wall, but mostly a watch-out surveillance border wall, similar to the one Israel has.
In the age of global terror, of all sorts, and way too open borders between countries, and computer cyber war, this becomes a fight we must win by having offensive and defensive cyber technology.
Computer security, also known as cybersecurity or IT security, is the protection of information systems from theft or damage to the hardware, the software, and to the information on them, as well as from disruption or misdirection of the services they provide. Every government, company, commercial entity, bank, and private individual could become a victim to lack of up-to-date and progressing cyber security.
Cyber Security Propels Israel’s Economy
Cyber, cyber and more cyber security is propelling much of Israel’s economy.
There, in that small country, because of the situation the country has been in and is in, they literally have security on their brain.
As much as computers are so very useful they could become society’s worst nightmare and enemy.
From their country’s security and defense position, Israelis gained early understanding of the 21st world’s cyber technology needs. Combined with the country’s military needs, the brilliant minds of Israel have taken this technology to soaring levels. This talent is inventing the next generation of security that not only will protect Israel, but the entire globe.
I also learned that there are 150 Hedge Funds in Israel to attract investments and bring hedge fund managers to operate from Israel. The motive behind this move is what Israel calls aliya, ascending to Israel. A Jewish hedge fund manager who sees the opportunity to transfer his personal belongings and continue working in his profession, operating, instead of his New York City office, in his Tel Aviv office, could be a formula that will attract hedge funds professionals to move to Israel, This is called enhancing immigration, gaining brain power and economic advantages.
There is a saying, “what you see from there you do not see from here.” But I think in this case what we see from here Israelis see from there too. Israel is on its way to be the lucky strike of this world. Every perfect result starts with a perfect plan. If you cannot find a solution to a problem, do not run away from it, work to find the solution.
And in Israel they find solutions to what the average person does not yet see to be a problem or sees there is a need for.