New report shows: Government investment in high-tech is the lowest in Europe

The Innovation Authority’s annual high-tech report, headed by Dror Bin and headed by Dr. Ami Applebaum, warns of a decline in the volume of high-tech investments and of the fact that government investment in R&D ranks last among the industrialized OECD countries.

The industry is over-centralized both industry-wise, both geographically and demographically. However, Israel ranks first in R&D expenditure in relation to GDP and leads in collaborations between academic institutions and industry.

“Over the years, government investment in research and development in developing and future areas as a percentage of GDP has been steadily declining.

“Continued growth in the Israeli high-tech industry in the face of global competition is at risk due to substantially lower government investment compared to countries around the world,” the report said.

It was also said that Israel had slipped from 10th place to 15th place in the global innovation index. Despite the warnings from the data, it appears that Israeli high-tech recorded a record of capital raising in 2021, and 88 huge raisings of at least $ 100 million were recorded.

Orit Farkash HaCohen (Photo: Yanai Yechiel)

However, the value of shares in Nasdaq was cut by 10%. High-tech exports first crossed the 50% threshold of total exports and stand at 54%, and employment in the industry crossed the 10% threshold of those employed in the economy. Computer science is the popular academic profession For a bachelor’s degree and 11% integrate the profession in their studies.

In addition, there was a 6% decrease in the number of workers from the ultra-Orthodox society and a stagnation in the proportion of workers from the Arab society. 39% of those aged 30-34 in Israel are employed in technological positions in all sectors of the economy.

Minister of Innovation, Science and Technology Orit Farkash-Hacohen said: “High-tech is an asset to the economy and its success must not be taken for granted. Preserving industrial achievements is a critical national challenge.

“We are investing in human capital by adding suitable manpower for the industry along with creating groundbreaking technology programs and technological infrastructures. We have promoted goals in these areas to increase the number of Israelis in high-tech, an education program for Israeli children in the technology worlds and support research and development bodies.” Minister of Finance”.

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