WHY ISRAEL?2020-07-01T07:31:18+00:00

WHY ISRAEL?

Boasting a mere 22 thousand square kilometers, a population of 8.5 million inhabitants and an approximate GDP of $303 billion,
the country of Israel, merely 70 years young, is an economic innovation powerhouse well beyond its years.

Part of the OECD since 2010, Israel has one of the best education and life satisfaction indexes in the world and one of the
lowest rates of unemployment (5%).

The Israeli workforce is known for being as skilled and inventive, attracting many entrepreneurs to doing business in Israel.
The country’s need to overcome various challenges helps generate advanced technologies and opportunities in many sectors:
from nanotechnology and water treatment to computer security and medical equipment, Israel has the most advanced
procedures in the world.

Through targeted policies, the promotion of entrepreneurship and an approximate annual investment of 5% of GDP in R & D,
Israel has become a giant of innovation with over seven thousand start-ups- more startups per capita
than any other country in the world.

Israel has 12 Nobel prizes to its credit, eight of which were obtained only in the last decade.
First, the country invests 9.2% of GDP in education. Of every ten thousand Israelis, 140 are engineers,
compared to 85 in the United States and 65 in Japan.

A Track record of cutting-edge innovation
A Thriving Entrepreneurial Spirit
An Exceptional Workforce
Scientific Excellence, Industrial knowhow
Global Technological Leadership

A Flexible, Creative Economy
Flourishing Venture Capital Market
A Resilient Economy, Secure for Investors
Cultural Richness and Diversity
Legislative and Financial Support

Innovation Ecosystem

 The Israeli innovation ecosystem maintained its leading position in 2019, and is highly ranked in different international indices.

Israel is ranked 6th in Bloomberg’s Innovation Index went up from 10th to 11th place in the Global Innovation Index, and maintained its 6th place position in the Global Start-Up Ecosystem Ranking.

Innovation Ecosystem

In the OECD R&D Intensity Index (R&D investment as a ratio of GDP) Israel continues to hold a leading position, sharing first place with Korea, with its national spending on R&D being 4.5% of the GDP.
R&D investment as a ratio of GDP

Read more at 2019 Innovation Report from Israel Innovation Authority here.

 

Joint R&D Cooperation Program

Israeli and Thai companies engaged in collaborative R&D projects are invited to apply for financial support through the Thailand-Israel R&D Cooperation Program.

The Kingdom of Thailand, and the government of the State of Israel signed a bilateral agreement in 2018 to form the Thailand-Israel program for Industrial R&D with the primary aim of supporting joint industrial R&D projects aimed at the development of products or processes leading to commercialization in the global market.

Thailand National Innovation Agency and Israel Innovation Authority invite Thai and Israeli companies to submit proposals for funding for bilateral technological Innovation projects, involving at least one company from each country, which includes science and technology (S&T) development leading to commercial success, social good and benefit to both countries.

Attachments:

Thailand-Israel Call for Proposals Guidelines

Thailand-Israel Bilateral Cooperation Form

Thailand-Israel Partner Search Form

Please contact bangkok@israeltrade.gov.il for further information, or visit this page.