As a tech-driven, cost-efficient "Startup Nation" that embraces innovation, Israel bears considerable innovation potential – all within near proximity to Germany. Yet Germany and its SMEs – which form the backbone of the German economy – have not yet leveraged this potential.
As a Startup Nation of eight million residents, Israel features 7,000 businesses in the hi-tech sector with more than 356,000 highly educated workers and a dynamic startup and entrepreneurial culture. These developments are underscored by the $10 billion in Israeli high-tech exits through mergers, acquisitions or initial public offerings for 2016.
A new study conducted by the Bertelsmann Stiftung explores the current state of exchange between German SMEs and the Israeli startup scene. The study identifies those high-potential sectors that have yet to be fully leveraged and offers five practical strategies for German businesses.