Are Start-Up Nation’s ‘seven years of plenty’ coming to an end?

“As a result of the extensive activities that took place in Israel in the last two decades, we have achieved exceptional things,” Hasson said.

By
June 25, 2016 03:16
1 minute read.
Ramat Gan general view

Ramat Gan general view. (photo credit: RAMAT GAN MUNICIPALITY)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

After years of reaping the fruits of proper investment into its hi-tech ecosystem, the so-called Start-Up Nation may be on the brink of turning a corner, according to Avi Hasson, who heads the Office of the Chief Scientist in the Economy Ministry and the newly formed National Authority for Technology and Innovation, or NATI.

“As a result of the extensive activities that took place in Israel in the last two decades, we have achieved exceptional things,” Hasson said Wednesday while presenting the second annual Innovation Report to Prime Minister Benjamin Netanyahu. “But it seems that the ‘seven years’ of plenty have ended, and that we are nearing our glass ceiling,” he added.

Be the first to know - Join our Facebook page.


Hasson’s warning alluded to a biblical story, in which Joseph interprets the dreams of Egypt’s Pharoah, correctly predicting that seven plentiful harvest years will be followed by seven years of famine.

Several indicators, the report said, showed a weakening of Israel’s hi-tech industry relative to the global industry.

In receiving the report, Netanyahu agreed that Israeli could not rest on its laurels, and said that there are some proposals in the upcoming budget to address the issue.

“Some of them require a new vision, a much broader vision, on the primary resource that pushes innovation, and that is our manpower,” he said.

According to the report, one of the most pressing problems Israel’s technological sector faces is that the work force lacks the proper skills to keep up with the technological sector’s needs.

JPOST VIDEOS THAT MIGHT INTEREST YOU:


The government, it added, has reduced its support of R&D as a share of GDP by a “significant and worrying” amount, and needs to find new support tools to encourage industrial innovation, such as reducing regulations for testing and implementing technologies in Israel.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Workers strike outside of the Teva building in Jerusalem, December 2017
December 18, 2017
Workers make explosive threats as massive Teva layoff strikes continue

By MAX SCHINDLER