Thos of us living here have known it for a long time, but it’s nice that CNBC has picked up on the strength of the Israeli hi-tech sector.Vodpod videos no longer available.
I’d add a few more factors
Products developed based on technology developed by the army such as the very small video camera used in products developed by Given Imaging in their PillCams©
Networking–many of the young entrepreneurs employ personnel that they met during their military service
Training–Besides leadership training many start-ups were founded by graduates of the army’s computer or intelligence units who used skills acquired to directly develop their products
Informality–Israeli society is very informal. A quality that encourages innovation and also encourages people in an organization to freely state their opinion which can only be good for product development.