israeli tech second only to silicon valley
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Chief Eric Schmidt:

Israeli tech second only to Silicon Valley

Egypt Today, egypt today

Egypt Today, egypt today Israeli tech second only to Silicon Valley

Chief Eric Schmidt
Tel Aviv - Arab Today

A top Google official on Tuesday hailed Israel's tech sector, saying it trailed only Silicon Valley in the United States when it comes to "initiatives".

Eric Schmidt, formerly Google chief executive and now executive chairman of its parent company Alphabet, said Israel, a country of only around eight million people, was punching far above its weight in technology.

"For a relatively small country, Israel has a super role in technological innovation," he told an audience at Google's offices in the commercial capital Tel Aviv.

"I can't think of a place where you could see this diversity and the collection of initiatives aside from Silicon Valley," he added. "That is a pretty strong statement."

Israel has long self-styled itself as the "start-up nation", encouraging entrepreneurship –- especially in the technological sector.

However, companies have often been sold to larger investors in the United States, rather than remaining in the Middle Eastern country.

Schmidt said he had seen a "maturation" of the "start-up nation" in recent years.

"(Previously) it seemed like many of the initiatives were not fully thought out," he said.

"But now I am beginning to see companies that are on their way to being worth a billion dollars."

Google acquired Waze, an Israeli real-time traffic application, for more than $1 billion in 2013 and has also bought other smaller Israeli firms.

The company develops many of its technologies in research and development centres in Tel Aviv and Haifa.

Schmidt said the small population and therefore limited local market was one of the main factors constraining Israel's tech sector.

Source: AFP

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

israeli tech second only to silicon valley israeli tech second only to silicon valley



 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday