Nimrod Vromen, Partner at Arnon, Tadmor-Levi, CEO of Consiglieri Ltd
Credit: Yarom Reshef
“The New Minister of Science and Innovation need to keep in mind that during COVID, Israeli modern represented 10% of the nationwide labor force, produced 25% of Israel’s tax earnings, and 43% of its export. This market must therefore not be taken for approved; its movement ought to not be undervalued. The government requires to ensure that those in the industry stay here in Israel and enjoy. They should do so with any action or implies deemed possible. For instance, among the things the brand-new federal government need to lead to is taking favorable action to minimize tax direct exposure: lots of elements of the tax code can be translated in onerous ways to Israeli business owners, such as capital gains, treatment of worker alternatives, exit-related taxes, and more. In addition, the brand-new federal government should revive the ‘old hits’: if you increase federal government investments in tech, through incubators and other more unique programs, it will be hard for Israeli creators to argue that they are ‘supporting’ other less efficient sectors without return.”
Dorel Ishai, CEO StartPlan
Credit: Nir Salkman
“The development of ultra-Orthodox (Haredim) and Arab populations in Israel is one of the most prominent phenomena we have experienced in the last 20 years, and it is clear that this is a trend that won’t disappear quickly. According to some studies, by 2030 these populations will comprise a majority of the Israeli population. It should be our objective to effectively integrate these populations into the state-of-the-art sector in preparation for this. Given that high-tech will be the engine for Israeli financial development for several years to come, such integration is pivotal for our economy. With permission rather than browbeating, the federal government must promote training in English, software application engineering research studies, math, and other high-tech tools and abilities in the ultra-Orthodox and Arab communities. It is just by making this change that we will continue to lead in the state-of-the-art industry as the Start-up Country.”
Sarit Moussayoff, Partner at M. Firon & & Co., M&A and Head of China desk
Credit: Studio Thomas
“Now that the Republic of China is beginning to think about how to reduce their Covid-19 restrictions, and is looking back to advancing innovative technologies that might assist China and its population in advancing daily life (whether AI technologies, G-5, life science, automation, robotics, etc), it might be a good idea if one of the matters the freshly appointed government analyzes it to re-encourage China investment in the Israeli tech market. This ought to obviously be restricted only to such technologies that are specifically created for civil usages (i.e.: no dual kinds of use whatsoever). Such a relocation might have an upside, and be a win-win situation for both sides. Firstly, it will help in re-activating the Israeli tech industry in exporting sophisticated innovations to China, and from there to the far east; it will re-boost capital that the sector needs, specifically during this period of market turbulence. It has actually been hard for corporations to be able to raise capital for ongoing operations so this will most notably aid. Such financial investments in Israeli tech will enable the Chinese to count on core Israeli technologies to advance its population and its country.”
Yoachai Zeid-Ronen, CEO, Big-Tech 50
Credit: Tal Cohen
“The brand-new government will deal with both short and long-term difficulties. In the short term, there are numerous layoffs; in the long term, they require to sustain continuous growth.Right now, there is
no doubt that the layoff of countless staff members should be attended to. We are presently seeing companies laying off workers to become more effective and burn less cash, however, in the coming year, we will likely see mainly young companies shutting down and laying off all staying employees. Include the boost in the expense of living and real estate prices to the unemployment and you get a mass number of upper-class people trying hard to make ends meet.In the long term, increasing the high-tech sector and its needs is a consistent obstacle to every government, however will be especially for this one considering that the brand-new government does not represent what the high-tech sector looked like. Meaning, growing the sector requires a qualified workforce and ease of operating. Increasing the variety of competent individuals requires improving the level of education and pulling brand-new classes into the state-of-the-art sector including orthodox and Arab males. This inclusion seems to be the reverse of what the new federal government wants.”
Ido Eylon, CEO of 3DM Digital Production
“The new federal government will have to deal with present geopolitical, macro-economic forces and turbulence worldwide that belong to the country’s economy in an extremely large manner, from unemployment and inflation through the cost of living and poverty.Though viewed as one of Israel’s strongest sectors, the Israeli modern sector would be among the difficulties the government will have to face, and most absolutely one of the most important ones.With a substantial contribution to the GDP, and immense impact
on the Israeli economy overall, the Israeli state-of-the-art ecosystem is of great significance to the nation, and given the current situations– it requires help.Considering the tough financial investment environment, both in the personal and the general public sectors, it would be smart for the federal government to deal with present burning problems right away while maintaining a long-run viewpoint. By that, I mean selectively providing momentary liquidity assistance for business that align with distinct criteria that support long-term national strategic abilities and assets.Done properly, and with the right set of terms, such a policy would benefit all, specifically those high-potential small and medium
enterprises. In addition, it will motivate productivity through investing in it rather of an unemployment allowance. “Keren Leshem OCON Healthcare’s CEO Credit: Miki Ben Ari” Israel’s Development Authority and Ministry of Technology play a considerable role in supporting Israeli ladies’s lifestyle by funding jobs associated with ladies’s health. It is necessary that resources will be directed to focused research study around ladies
‘s, anatomy, physiology, and related diseases and to guarantee these committed spending plans are assigned for the needs of half of Israel’s population.”Amir Zolty, Partner and Head of Hi-Tech Practice, Lipa Meir & Co.Credit: Aya Ben Ezri”What should the new federal government do to help the local technological market? My brief answer would be: leave the internal perimeter to the market and experts and utilize the governmental powers to promote and facilitate a fertile and safe environment which shall make it possible for and support the industry. More particularly, the federal government should increase the Israel Innovation Authority’s budget(or at least avoid
any cuts), and leave it to the IAA, and not to political leaders, the decision-making and efforts in this field(however also pass required legislation– where needed ). The federal government ought to concentrate on supporting, promoting, and perhaps even expanding the blossoming organization and technological relations with a few of our neighbouring countries– following the Abraham Accords. We have currently experienced some appealing business advancements in this field, and opportunities are endless.The government needs to put technological and 21st-century education as a major target– with an emphasis on the geographic and socio-economic periphery. The private sector is more than willing to help– however regional and anecdotal efforts are not enough.The government must pay terrific attention to the possible effect of extreme political (internal and external ), economic, and infrastructural changes on Israel’s image as a safe and making it possible for technology center– house to more than 100 proving ground
of multinational entities and a go-to location for the worldwide innovation and company community.”Yael Shimon-Many, Partner in the Hi-Tech Group at Pearl Cohen Credit: Nicky Westphal” Over the last few years, we see a steady boost in the incorporation of brand-new start-ups, along with the participation of effective Israeli business(“unicorns” )in the race for an IPO on the Nasdaq. The existing slowdown in the market will open a chance for Israel to protect specifically the good developing mid-sized companies here in the local market. To do this, the state needs to produce conditions that will motivate Israeli technology business to grow and establish themselves in Israel, while keeping their head office and the majority of the workforce here. This can be achieved through governmental assistance in technological infrastructures, reducing policy in relevant fields of operation and supplying tax advantages for growing business in Israel (while controling the taxation of financiers and funds that support modern companies). All should be done together with the allowance of federal government funds dedicated to continually supporting development, including by informing the more youthful generations(and future Israeli manpower ). The new government should assign resources and relieve the bureaucracy as discussed above primarily in”conventional”fields that are still lagging in regards to innovations and development, such as real estate( proptech), insurance coverage (insuretech )and digital health, in such a way that would take full advantage of worth for the modern industry along with for the state and the residents who consume these services. “Moshiel Biton, CEO & Co-Founder at Addionics Credit: Addionics”The most formidable job dealing with the Minister of Development is to continue to bolster Israel’s status as a global technology leader in all fields, from lorries to energy and cyber. In the past, Israel has proven that it has both outstanding entrepreneurs and an excellent environment to develop innovation efficient in ending up being giant corporations, however both business owners and companies require an encouraging environment and a government that understands how to promote such activities. A prime example of this is the activity taking place in the field of transport and the EcoMotion Community.As far as I am worried, one of the most crucial sectors on which the Minister of
Innovation will have & to focus his/her attention
is the energy sector
. This is the market with the fastest international growth rate, with enormous investment both by federal governments and private companies– all of which is created to establish energy independence and accelerate the shift to renewable resource to decrease our carbon emissions and create a much greener future for us all.If the government is sufficiently astute to support such activity enabling it to develop into a technological power in this field, it will have the ability to produce substantial profits for the state, investment from giant corporations, create tasks and perhaps above all, to guarantee a future of energy security without having to depend on other countries, as is the case with lots of EU states today.”Eyal Hoffman, Managing Partner at Highroad Credit: PR”Whoever is due to go into the Ministry of Development, Science and Technology will deal with numerous difficulties, generally as under the existing state of affairs the modern “engine “that has been pulling the rest of the economy behind it is now constantly decreasing; the community is undergoing an extensive modification. This is not a concern of a change for the better or the worse, but just a modification from what we have actually become accustomed to in the last few years. Provided this circumstance, the faster the policymakers can customize a suitable option and supply support for the market, the greater the chances of a quick and strong recovery.It is precisely since Israel is a little country with many considerable difficulties, particularly those impacting the numerous fields of infrastructure– transport, water, and energy– that we may have anticipated it
to be fairly simple to facilitate the advancement and application of solutions
to issues and the infrastructure-related difficulties with which we need to compete. In practice, the truth is that it is precisely those numerous companies operating in these areas that find it exceptionally tough to operate in Israel– we are dealing with a really small market that is not the target audience in the large bulk of cases. Subsequently, numerous investors avoid investing in these fields, as in contrast to the world of software– both development and development are typically much slower and more steady processes.If this holds true, then in my humble opinion, among the crucial tasks waiting for the inbound Minister of Innovation, Science and Technology is one that can also promote those efforts with the capability to enhance people’s lives, allow them to act and acquire experience in the regional market, and improve the companies’opportunities of success– to promote financial investments and combination with a focus on infrastructure-related innovations, together with helpful regulation. “