Shevat 30, 5777
February 26, 2017
Israeli Innovation Continues To Astound!
Bloomberg is out with its 2017 Innovation Index which ranks the most innovative countries in the world according to variety of factors: research and development intensity, manufacturing value-added, productivity, high-tech density, tertiary efficiency, researcher concentration, and patent activity.
After averaging out all the factors, Israel ranks 10th in the world (South Korea is first).
However, we dig more deeply into the statistics we find that:
Israel is number 1 in the world for researcher concentration.
Israel is number 2 in the world for research and development intensity.
Israel is number 3 in the world for high-tech density.
When you stop and think about it, these numbers are astonishing.
All the more so because Israel is 149th in the world (out of 195) in terms of size, and 98th in the world in terms of population.
To think that Israel has more researchers is amazing enough. But when you add that an absolute fever for research and development and the collection of high-tech companies taking advantage of that fever and those researchers, Israel’s contribution to innovation is incredible.