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The Hi-Tech Sector in Time of Crisis. Orna Berry, Ph.D. Venture Partner, Gemini Israel Funds Chair Israel Venture Capital Association (IVA) 2028. From Incentives to Growth. Israel’s only advantage - technological innovation Dual economy – income differences Slow growth since 1973
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The Hi-Tech Sector in Time of Crisis Orna Berry, Ph.D. Venture Partner, Gemini Israel Funds Chair Israel Venture Capital Association (IVA) 2028
From Incentives to Growth • Israel’s only advantage - technological innovation • Dual economy – income differences • Slow growth since 1973 • Globalization challenges • Low participation rate in the work force • Reduction in academic standing, research and teaching
Long Term Planning • Quality of life • Employment and personal income • Scientific and technological might • Culture • Innovation and enterpreneurship • Economic growth • Narrowing gaps • Survival…
How to Strive? • Excel in our education – aspire to be the best in the world • Keep raising the bar in education • Teach innovation and creativity • Strengthen partnerships between academia and industry • Support sophisticated, small ($20M-$50M) industries – if you want to be large, gather many small… • Government support should match or even exceed other countries’ incentive plans Keep pushing!