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Countries across the world have been hopping on the start-up bandwagon, but one country that defies its small size with the massive number of start-up success stories coming out of it is Israel. Over the years, Israel has grown to be one of the leading start-up ecosystems in the world. With innovation in abundance and the number of IPOs only rising with each passing year, the country has received global attention.
India, with its own strong start-up ecosystem has partnered with Israel for the Indo-Israel Innovation corridor that allows start-ups from both countries to collaborate and build a business together. Earlier, Indian PM Narendra Modi’s visit to Israel saw the launch of India Israel Innovation Bridge – a bilateral innovation challenge for start-ups.
Now, Israeli PM Benjamin Netanyahu’s visit to India also saw the launch of The India Israel Business Innovation Forum which will further help entrepreneurs and investors build business opportunities with their counterparts in Israel.
All of this marks the beginning of a bridge between the two countries that will allow access to investors and entrepreneurs to make use of each other’s technologies as well as markets to scale their business.
Israel’s Booming Start-up Ecosystem
There’s no fooling when it comes to Israel’s start-up ecosystem. Constantly innovating, the country sees over a thousand start-ups added every year with some of the best accelerators and incubators housed in its start-up capital Tel Aviv.
In 2017, Israeli start-ups raised over $5 billion in funding, according to report by IVC Research Centre. But that’s not it, when it comes to innovation the country ranks second globally and saw over $17 billion worth exits in 2017.
The country is gung-ho about fast scaling its innovation programs by partnering with countries across the world. And here is where India comes into the picture.
India – The Perfect Market for Israel