May 28, 2019
- 530 Multinationals from 35 Countries Innovating in Israel – Amir Mizroch
Israel is emerging as a leading innovation destination for a growing number of multinational corporations looking to the country’s 6,000 plus startups for new ideas, quick prototyping ability, and infectious entrepreneurial culture, a new report shows.
The report, commissioned by tech NGO Start-Up Nation Central, maps for the first time the activities of some 539 multinational companies (MNCs) representing 35 countries, who are currently active in Israel. It tracks the evolution of their innovation activity, showing that companies tend to increase and diversify their innovation activity with time in market, for example, going from tech-led R&D centers to operating startup accelerators and engaging in joint ventures. (Start-Up Nation Central/Forbes)