One recent news item coincides with my reading of this book:after French's terrorism attacks on Jews in Paris, Israel's prime minister was visiting France to urge French Jews to immigrate back to Israel. Immigration, as stated in the book, was one of the policy reason that fostered Israel's innovation driven growth and industry.
Start-up nation addresses the trillion-dollar question: How is it that Israel-a country of 7.1 million people, only sixty years old, surrounded by enemies, in a constant state of war since its founding, with no natural resources- produces more start-up companies than large, peaceful and stable nations like Japan, China, India, Korea, Canada and the United Kingdom? Drawing on examples from the country's foremost inventors and investors, the authors describe how Israel's adversity-driven culture fosters a unique combination of innovative and entrepreneurial intensity.
Here are the list of possible reasons for Israel's success in generating start-ups:
- Geopolitical: Surrounded by Arab adversity
- Racial character: Jews individualistic and risk-taking culture
- Mandatory military drafting policy as a start-up incubator and entrepreneurial training ground
- Pro start-up investment environment
- Pro-immigration leads to inflow of new ideas and fostering bootstrapping mentality
- Expat community that support motherland's start-ups
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