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....But sadly they CANNOT run fast, sing or dance well. Too bad 
WHAT CAN LATIN AMERICA LEARN FROM THE ISRAELI OPEN INNOVATION ECOSYSTEM?
By Cristina Pombo, Office of External Relations at the Inter-American Development Bank (IDB)
With a small territory, located in one of the most historic and troubled regions of the planet, and almost 8 million inhabitants, Israel is one of the largest centers of technological and scientific innovation in the world and a real factory of technology and entrepreneurship.
In 40 years, Israel went from an agriculture-based economy to selling high-tech goods to the world which now represent 75% of their exports. Israel invests more in innovation than any other country in the world as a share of GDP (it invests 2.5 times more venture capital than the United States and allocates almost 4% of its GDP to R&D). It also ranks 11th in the world in protecting minority investors according to the World Bank’s “Doing Business 2015” Report. It has the largest number of technology companies per capita in the world (one startup per every 1,844 inhabitants). It also has more technology companies listed on NASDAQ than all of the European countries combined and a high number of Nobel prizes. The urge to reinvent and innovate is in the DNA of Israelis and is undoubtedly part of their culture
WHAT CAN LATIN AMERICA LEARN FROM THE ISRAELI OPEN INNOVATION ECOSYSTEM?
By Cristina Pombo, Office of External Relations at the Inter-American Development Bank (IDB)
With a small territory, located in one of the most historic and troubled regions of the planet, and almost 8 million inhabitants, Israel is one of the largest centers of technological and scientific innovation in the world and a real factory of technology and entrepreneurship.
In 40 years, Israel went from an agriculture-based economy to selling high-tech goods to the world which now represent 75% of their exports. Israel invests more in innovation than any other country in the world as a share of GDP (it invests 2.5 times more venture capital than the United States and allocates almost 4% of its GDP to R&D). It also ranks 11th in the world in protecting minority investors according to the World Bank’s “Doing Business 2015” Report. It has the largest number of technology companies per capita in the world (one startup per every 1,844 inhabitants). It also has more technology companies listed on NASDAQ than all of the European countries combined and a high number of Nobel prizes. The urge to reinvent and innovate is in the DNA of Israelis and is undoubtedly part of their culture
