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P&G explains why Israel THE Startup Nation

Lital Asher-Dotan established Procter & Gamble first R&D hub in Israel called “P&G Israel House of Innovation”. She explained why P&G calls Israel a “startup nation”, according to an article in Forbes.com.

Some of the reasons are:

-Israel has the highest density of tech start-ups in the world. Israel has about 80 companies listed on NASDAQ, more than all of Europe, Japan, Korea, India, and China combined.

– Israel has the highest level of R&D spending relative to GDP in the world: 4,9% in 2009. OECD average is 2,3%.

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