Economic development based on science and technology

March 2, 2011 Posted in: Press-en 0 Comments

The factors which turned Israel from an agriculture based society to a high-tech society are government policy supportive for R&D in high technology, strong academic system, necessity (Israel is in the region with many conflicts) immigration, innovation, creativity  and a unique cultural scene which includes an immigration structured society, obligatory military service and mentality, explained the former President of the Israel Institute of Technology – Technion, professor Yitzhak Apeloig on the Economic-Scientific Forum.

The Forum was organized by the Croatian-Israeli Business Club and the Embassy of Israel in the Republic of Croatia in cooperation with Libertas Business College, business weekly LIDER, Future Network, eSTUDENT and eALUMNI, organizations of the best students and their alumni in Croatia.

The forum was opened with a statement by His Excellency Yosef Amrani, Israeli Ambassador to Croatia and Mr Dragan Primorac, president of the CIBC who gave an introduction to the main topic of the Forum. The Forum was marked by the presentation of professor Yitzhak Apeloig, former president of the Israel Institute of Technology (Technion), one of the most prestigious institutes in Israel and one of the most prestigious in the world. Technion lead by professor Apeloig from 2001-2009 played a major role in the transformation of the Israeli economy and was a pioneer and creator of infrastructure for the high-tech industry.

The numbers which were presented clearly show why Israel is one of the best examples of success in connecting science with economy. The Israeli economy is achieving a 5% GDP growth rate,  $11 billion of investments in the high-tech sector, $200 billion GDP out of which $54 billion is exports, 3000 companies in the high-tech sector, 1500 start-up companies, the highest rate of employees in the high-tech industry in the world, the biggest number of companies outside the US which are listed on NASDAQ (over 70) and about $2 billion investments in high-tech companies. These are all clear evidences of strength of the Israeli high-technology sector.

The presentation was followed by a discussion about Croatian opportunities in developing an economy based on science and technology. Participants of the discussion were  Mr Radovan Fuchs, Minister of science, education and sports of the Republic of Croatia, Mr Boris Cota, Advisor to the President of the Republic of Croatia, Mr Vilim Ribić, president of the Register of Croatian Unions, Mr Dalibor Marijanović, General Manager of the Business Innovation Center of Croatia (BICRO), Mr Dragan Primorac, CIBC President and professor at the University of Split and Osijek in Croatia and professor at the University of Pennsylvania and University of New Haven, USA, Mr Darinko Bago, CEO of Končar – Electrical Industries Inc. and Mr Matko Bolanča, CEO of PLIVA.

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