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Israel's ICT-oriented, high tech, entrepreneurial cluster of the 1990s : A systems/evolutionary (S/E) and strategic innovation policy (SIP) perspective

Related Document
Frame of Image r System (Meso-Level entities like a new sector, infant industry, EHTC or system, etc) BS- Business Sector I- Business Innovation MF-Market Failure SF-System Failure GF-Government Failure DIRS-Dynamic Increasing Returns to Scale BERD-Business expenditure in R&D GERD-Gross Expenditure in R&D BIRD-Bi-national R/D Program;STE-Science, Technology Hig.Educ ILC- Industry Life Cycle; TTO-Technology Transfer Office
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MOTIVATION AND SPECIFIC OBJECTIVES-1
Israel successfully made a transition from an underdeveloped economy whose main exports during the 1960s were oranges and textiles to a high tech powerhouse based on an ICToriented Entrepreneurial High Tech Cluster (EHTC) which emerged during 1993-2000. During the 1990s, Israel’s EHTC was one of the most successful ICT-oriented, entrepreneurial high tech clusters beyond the US, with over 2500 start up companies (SUs)-up from 300 during 1992- and over 50 VC (Venture Capital) funds (up from 2 or 3 in the early 1990s). A strong Venture Capital industry and market emerged and coevolved with the new wave of SUs during the 1990s, it being one of the major factors underlying Israel’s success
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-2
This VC industry and market became embedded in and co-evolved with the above cluster It It was the outcome of a series of Innovation and VC policies and their impact, particularly a direct support of BERD in firms program, starting in 1969, and a targeted VC policy implemented during 1993-97/8
At the time, both represented, in some sense Policy Inno


Full Text
Title Israel's ICT-oriented, high tech, entrepreneurial cluster of the 1990s
Similar Titles
Sub Title

A systems/evolutionary (S/E) and strategic innovation policy (SIP) perspective

Material Type Proceedings
Author(English)

Teubal, Morris

Publisher

[Seoul]:KDI

Date 2013-06
Event

Global Industry and Economy Forum 2013

Pages 62
Subject Country Israel(Middle East)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < IT
Industry and Technology < Science/Technology
Industry and Technology < Entrepreneurship
Holding KDI; KDI School