Israeli sponsored “Entrepreneurship for Development” U.N. resolution passes

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The UN General Assembly has passed a resoution proposed by Israel to encourage private and public sector entrepreneurship as the best way to deal with the challenges of poverty and job creation. 129 countries voted in favor of the resolution, 31 countries voted against, and nine countries abstained, as reported by Globes and CNN. "The Israeli spirit of entrepreneurship and creativity prevailed at the UN today," said Israel's Ambassador to the UN Ron Prosor. " As a state that was founded in difficult circumstances, we have been able to create opportunities for talented people and have become an enterprising superpower. Creating a culture of entrepreneurship can work miracles and drive economies forward. Investing in human resources is a real message that Israel conveys to the developing world." A review by Israel's Mission to the UN and Mashav found that young entrepreneurs in many developing countries face bureaucratic obstacles, social barriers, and a lack of financing, even though entrepreneurship is an important tool for economic growth, improving the standard of living, and improving the quality of the environment. This is the first time in the UN's history that it has adopted a resolution that emphasizes entrepreneurship as a means of fighting poverty, reported Globes. The resolution calls on governments and companies to strengthen the capabilities of domestic financial institutions to aid people who have no access to banking services, and encourages these countries to adopt administrative and regulatory structures to establish to provision of financial services to such people, especially women. CNN reported on one shining example of domestic initiative:  Albina Ruiz, the founder of Lima-based Ciudad Saludable, is a poster child for the economic benefits of entrepreneurship that creates immense social value. She built a community-based waste management system that plays an increasingly important role in improving sanitation and health conditions in Peru and other Latin American countries. Started just 10 years ago, Ciudad Saludable now serves more than 3 million residents in the slums of Lima alone. CNN credited Israel's delegation for engaging  fellow member countries in dialogue to encourage a global approach to promote entrepreneurship. The success of the resolution will provide a necessary pathway for stimulating future entrepreneurs and help equip world leaders to be better able to solve complex and fast-changing economic and social problems. For the full Globes article click here. For the full CNN article click here. For the statement by Ambassador Ron Prosor click here.  

Tel Aviv heads list of world’s top startup ecosystems

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The Startup Genome released the first half of its report on the world’s top startup ecosystems - the so-called Startup Ecosystem Index. Tel Aviv headed the list, second only to Silicon Valley, as reported in TechCrunch. The comparative analysis, produced in collaboration with affiliates from UC Berkeley, Stanford and Telefónica Digital, covers a host of topics, including how the landscape of startup ecosystems has begun to extend beyond Silicon Valley to become somewhat of a global phenomenon. The report compiled a global ranking of startup ecosystems based on a 50-variable, 8-component index, which includes Startup Output, Funding, Company Performance, Talent, Support Infrastructure, Entrepreneurial Mindset, Trendsetting Tendencies and Ecosystem Differentiation. Here's some of what was said in the Report about the Tel Aviv startup ecosystem: As a country, Israel may be only 60 years old and have a population of around 7 million but it has the highest density of tech startups in the world. In 2009, 63 Israeli companies were listed on the tech-orientated NASDAQ - which is more than Europe, Japan, Korea, India, and China combined. Almost every major tech company today has some kind of subsidiary in Israel, including Intel, Microsoft, Google and Cisco to name just a few. Consequently, 39% of Israeli high-tech employees work in the R&D departments of multinational companies. In the Startup Ecosystem Index, Tel Aviv ranks second globally, because it has the second highest output index of startups with a healthy funnel of startups across the developmental lifecycle, a highly developed funding ecosystem, a strong entrepreneurial culture, a vibrant support ecosystem and a plentiful supply of talent. Some of the leading examples of Tel Aviv startups cited in the report included: Mirabilis, Babylon, SunDisk, Jajah, Fring, Waze Here are the top 20, in order:
  1. Silicon Valley
  2. Tel Aviv
  3. Los Angeles
  4. Seattle
  5. New York City
  6. Boston
  7. London
  8. Toronto
  9. Vancouver
  10. Chicago
  11. Paris
  12. Sydney
  13. Sao Paulo
  14. Moscow
  15. Berlin
  16. Waterloo (Canada)
  17. Singapore
  18. Melbourne
  19. Bangalore
  20. Santiago
For the full TechCrunch article click here. To download the Startup Ecosystem Index report click here.