ISRAEL - Miracle Nation: Robust Tech Ecosystem

Arno Froese

A new report on the Israeli tech ecosystem from 2015 to 2020, published by the IVC Research Center, reveals that Covid-19 hit the Startup Nation hard in the first half of 2020.

But by the latter part of the year, investments had bounced back—so much so that 2020 investment dollars in Israel had exceeded 2019’s numbers by 31%, with $10 billion invested in 607 deals.

The number of deals alone was up 20% from the previous year.

Israeli tech IPOs were also up substantially despite the pandemic: in 2020, Israeli companies made 121 funding deals, raising $6.5 billion on the capital markets, compared to $1.9 billion in 2019.

IVC’s latest report indicates that there are over 9,500 active high-tech companies in Israel, with approximately 1,000 added every year.

Of those, 390 are the Israeli offices of multinational corporations. There are also 411 accelerators and startup communities.

Since 2010, more than $65 billion has been invested into Israeli tech companies, resulting in 1,371 exits worth $121 billion and 1,271 mergers or acquisitions totaling $116 billion.

The biggest categories for Israeli tech firms in 2020 were artificial intelligence (96 new companies established in 2020); cybersecurity (21 new companies in 2020), fintech (11 new companies) and food-tech (10 new companies).

“People here are born to believe, to never give up,” explains Alibaba founder Jack Ma, summing up the Israeli advantage in the report. “This mentality is what has made Israel a miracle in only 70 years.”

-www.israel21c.org, 8 March 2021

Arno's Commentary

We are reminded here of the words of the Psalmist: “The heavens declare the glory of God; and the firmament showeth his handywork. Day unto day uttereth speech, and night unto night showeth knowledge. There is no speech nor language, where their voice is not heard. Their line is gone out through all the earth, and their words to the end of the world. In them hath he set a tabernacle for the sun” (Psalm 19:1-4). The entire earth continues to increase their focus upon this tiny Jewish homeland, Israel.

While Israel is still blind regarding the Gospel (see Romans 11:25b), we must keep in mind that our Bible is an Israeli product. Here is what verses 7-9 say: “The law of the Lord is perfect, converting the soul: the testimony of the Lord is sure, making wise the simple. The statutes of the Lord are right, rejoicing the heart: the commandment of the Lord is pure, enlightening the eyes. The fear of the Lord is clean, enduring for ever: the judgments of the Lord are true and righteous altogether.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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