Israel: World leader in science and innovation
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7/10/2013
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The country’s main strengths remain its world-class capacity for innovation (3rd), which rests on highly innovative businesses that benefit from the presence of the world’s best research institutions geared toward the needs of the business sector.
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Civilian R&D as % of GDP, 2009
Copyright: OECD Science, Technology and Industry Scoreboard 2011
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(Ministry of Finance, Economic Highlights)
- 1st in R&D expenditure as % of GDP*
- 1st in quality of scientific research institutions**
- 1st for entrepreneurship being widespread amongst its managers*
- 2nd in public expenditure on education*
- 3rd in venture capital availability**
- 4th in PCT patents applications per million population**
- 5th for strength of investor protection**
- 6 Israelis in the last 10 years have been awarded Nobel Prizes in the fields of Economics or Chemistry
Source: OECD Science, Technology and Industry Scoreboard 2011.
* International Institute for Management Development (IMD) Global Competitiveness Yearbook 2011.
** World Economic Forum (WEF) Global Competitiveness Report 2012-2013.
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Global Competitiveness Report 2012-2013
“The country’s main strengths remain its world-class capacity for innovation (3rd), which rests on highly innovative businesses that benefit from the presence of the world’s best research institutions geared toward the needs of the business sector. Israel’s excellent innovation capacity, which is supported by the government’s public procurement policies, is reflected in the country’s high number of patents (4th). Its favorable financial environment, particularly evident in the ease of access to venture capital (3rd), has contributed to making Israel an innovation powerhouse.”
Israel in IMD Rankings
IMD World Competitiveness Yearbook 2012
Israel’s ranking compared to other IMD countries:
Business Efficiency and Infrastructure
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