Government policies towards Israel's high-tech powerhouse

Jarunee Wonglimpiyarat

Technovation, 2016, vol. 52-53, 18-27

Abstract: Israel's Silicon Wadi is second only to US Silicon Valley in terms of business start-ups. The government policies play an important role in promoting innovation and driving the country towards a high-tech powerhouse. In this study the analyses, carried out through the lens of cluster and national innovation system (NIS), have shown that the thriving high-tech clusters are the result of government-led policies in creating the venture capital (VC) industry with the impacts of Yozma program. Importantly, the government financing did not crowd out but crowd in private investments. Israel presents an interesting case of the most successful Silicon Valley-style economy. The lessons of Israel in successfully climbing the technological ladder to become a high-tech powerhouse would be useful for other countries to learn how to promote high-tech clusters.

Keywords: Cluster; National innovation system (NIS); Yozma; Government policies; Venture capital (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0166497216300049
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:techno:v:52-53:y:2016:i::p:18-27

DOI: 10.1016/j.technovation.2016.02.001

Access Statistics for this article

Technovation is currently edited by Jonathan Linton

More articles in Technovation from Elsevier
Bibliographic data for series maintained by Catherine Liu ().