[Economist-UK] Most venture capital in Israel's Silicon Wadi is invested not in software or trendy web-based services, but in start-ups developing specialized chips or advanced telecoms equipment. Israeli high-tech is particularly strong in wireless technology, especially when it comes to combining digital and analogue signals on a single chip. Take Wisair, a start-up that designs such chips for a technology called ultra-wideband, which is expected to begin replacing cables between electronic devices, such as computers and monitors, later this year. A focus on innovation and technology, and a relative lack of interest in management and marketing, explain why Israeli entrepreneurs tend to sell out early, mostly to big foreign firms, rather than build up their companies.
2008-03-21 01:00:00Full ArticleBACK Visit the Daily Alert Archive