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Number of start-ups increased by 66% from time high-tech bubble burst Photo: Getty Image
Number of start-ups increased by 66% from time high-tech bubble burst Photo: Getty Image
 
 

Israel a haven for start-up businesses

Central Bureau of Statistics reports that 65% of Israeli start-ups actually make it past elusive fifth year in business

Syd Keeb
Published: 11.17.12, 11:26 / Israel Business

Israel is defying the odds again. Breaking with conventional data that defines the high-tech world, the Central Bureau of Statistics is reporting that 65% of Israeli start-ups actually make it past the elusive fifth year in business.

 

This is a shocking revelation because based on the venture capital model followed by the high-tech industry, normally only one out of every 10 start-up businesses offer a real return on their original investment.

 

This same survey also reported that the amount of start-ups working in Israel increased by 66% from the time the high-tech bubble burst in 2003 until 2008.

 

Reprinted with permission from Shalom Life

 

 

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