Manufacturers see more funds for software R&D

According to the Manufacturers Association, software exports grew some seven percent over the last year, reaching $3.9b.

By MATTHEW KRIEGER
September 23, 2007 07:52
1 minute read.

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

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • 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 Don't show it again

Despite posting significant export growth of of Israeli-produced software this year, the Manufacturers Association of Israel warned on Wednesday that if the government does not increase the country's technology R&D budget, the software sector will not be able to compete with world hi-tech leaders over the coming years. "The government must do a better job of supporting the development of our software sector and growing the allotments of our incubators," said Amiram Shore, chairman of the software forum in the Federation of Electronic and Information Manufacturers and chairman of the technology company ENT. "They also must encourage more foreign and domestic investments into Israel's software sector, otherwise, we will be faced with a situation where it will be difficult to continue to produce top-quality products." According to the Manufacturers Association, software exports grew some seven percent over the last year, reaching $3.9 billion, while software sales to domestic customers increased 9%, or $580 million, to $1.2b. Combined software sales to both foreign and domestic customers increased 7.4% to $5.1b., according to the Association. Pointing to the strength of the country's software sector, Shore noted that over the last year about 140 software start-ups began operations, a number he said was certain to drop without proper government support. "The government needs to return to the policies that it introduced in the 1990s when government financing for technology R&D stood at 13% of all investments into Israel's R&D sector. We have the tools necessary to make Israel a very wealthy country based on our technology, but we need the government to help us get there," said Shore. The country's five largest software companies, according to export numbers, are Amdocs, HP, Check Point, Verint and Retalix, the Association said.


Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS