'Entrepreneurs must go into politics'
Dov Moran, disk-on-key mastermind and head of Modu Mobile, says Israeli government needs 'creative ministers'
"I call on my fellow entrepreneurs to become government ministers do that the government will include creative people", Moran said Wednesday at the annual central economic conference held by Israel's leading financial newspaper Calcalist.
"One cannot view high-tech and the state of affairs in Israel as two discrete areas – Israel without high-tech will become a very bad place," said Moran.
When asked whether he thinks Israel should have a technology minister, he replied, "Firstly, we need a minister with a business background, who founded something, who knows how to get things done. Out of 120 MKs in Israel's Knesset, there are not even three that came from the high-tech industry. We reached a situation where most view their political activity as a lifetime career.
"Education in Israel is in decline. Our top 5% are ranked one place before last among the OECD countries – these are our engineers, doctors and entrepreneurs in 20 years. Is the government shocked when it sees these figures?"
Moran, who was forced to shut down Modu after failing to raise funds in an offering it held, talked about the funding difficulties high-tech companies in Israel face.
"Venture capital funds are a good source of funding, and have done amazing things, created an Industry. But they are not the lock, stock and barrel.
"We don’t have integrity funds like the US – they don't even have a name in Hebrew. Pension funds have no incentive to invest in such areas they prefer bonds and real estate."
Click here to read this report in Hebrew
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