Red Herring Magazine: "Israel's Hot"

(Red Herring) How hot is Israel? So hot Lehman Brothers' Tel Aviv office did six deals in less than two weeks in April - so hot, in fact, Lehman has to add three more investment bankers to the ten it already has on deck. The tiny Middle Eastern country, with a population smaller than Manhattan's, has become a global player in innovation, thanks to its thriving venture capital scene and many home-grown startups. There are now 75 Israeli companies listed on the tech-heavy Nasdaq - more listings than any other foreign country but Canada. What's more, Israel is in a better position now than it was in the tech boom as IT company valuations are more closely tied to fundamentals, the country is less dependent on U.S. venture money, and it has a wider range of tech strengths. Among those growing strengths include medical technology, biotech, and nanotech. But the country hasn't lost its edge in security and the Internet, either, with a bevy of startups attracting VC investment by focusing on next-generation web applications.


2006-06-16 00:00:00

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