In the third quarter of 2014, 170 Israeli high-tech companies attracted $701 million, the IVC Research Center and accounting firm KPMG Somekh Chaikin report today. This is 6% above the $661 million of the third quarter of 2013, but down 24% from the exceptionally high $928 million raised in the previous quarter. The third quarter 2014 amount was 29% above the $545 million average of the last three years.
By Barry Bogage, Executive Director of the Maryland/Israel Development Center. After a terrifying summer of constant rocket fire into Israel from Gaza, this is an appropriate time to think not only about Israel’s geopolitical future (which is beyond this writer’s crystal ball), but also about Israel’s economies.
Israel's Tech sector continues surge with nearly $1B quarter with Israeli high-tech firms having raised $930 million in the second quarter of 2014, the sector’s strongest quarter in more than a decade. The figure, drawn from a survey by the Israeli Venture Capital Research Center and financial firm KMPG, was the highest quarterly figure since 2000 and an increase of 109 percent from one year ago.
Since last Independence Day, the Central
Bureau of Statistics said Israel's population has grown by 157,000, and now
totals 8,180,000.Jews account for 75%
of that total, with the Jewish population at 6,135,000.There are 1,694,000 Arabs in Israel (Muslims
and Christians), as well as 351,000 “others” - non-Arab Christians and members
of other re
The Intel Corporation announced plans to
invest $6 billion to upgrade its Kiryat Gat facilities.The government has offered the chip maker a
$700 million investment grant for Intel's proposal, but it could end up being
as high as $1 billion.Intel did not
divulge the details of its upgrade plans, but its proposal was one of the most