FILED UNDER SOMETHINGISRAELI >> Business
Israel is one of the hottest places for venture capitalist nowadays and a global player in innovation, the leading internet technology and financial news magazine in the Silicon Valley, Red Herring, has recently declared in its June 19 issue.
The magazine focuses on the local fast-growing hi-technology industry, stating that here are now 75 Israeli companies listed on the Nasdaq, "more listings than any other foreign country but Canada."
"Whatís more, Israel is in a better position now than it was in the tech boom as IT company valuations are more closely tied to fundamentals, the country is less dependent on US venture money, and it has a wider range of tech strengths. Among those growing strengths include medical technology, biotech, and nanotech," the magazine writes.
"But the country hasnít lost its edge in security and the Internet, either, with a bevy of startups attracting VC investment by focusing on next-generation web applications," it adds.
Red Herring invites its readers to find out "why Israel is such a happening place for VCs and startups alike" through articles profiling outstanding Israeli companies and startups.
Reproduced with permission: Ynet