With only 9 million people, Israel is the number 1 country in the world in terms of gross domestic expenditure on R&D as a percentage of GDP. How has a small country become such a powerhouse of innovation?
Mr. Dror Bin, the CEO of the Israeli Innovation Authority, explains it in an interview with the Korean Economy TV. The Israeli Innovation Authority is the government R&D investment arm and the agency responsible for promoting the Israeli Innovation ecosystem.
Mr. Bin discussed the importance of innovation to Israel, emerging from the challenges the state of Israel has to deal with since its establishment. He goes on explaining the The connection between excellent universities and fearless entrepreneurs, and its contribution the innovative high-tech eco-system.
To watch the full interview, click on the video.