Israel ranks 7th in innovation

Published on Thursday, 24 January 2013 by Webmaster

Israel ranks 7th in innovation
On the eve of the World Economic Forum in Davos, a new survey reveals that Israel has climbed three places in the field of innovation, ranking seventh in the world.

The GE Global Innovation Barometer surveyed 3,100 industry executives in 25 countries (including Israel) in the fields of IT, telecom and Internet, electronics, energy and health.The United States ranked first (35%), followed by Germany and China. Israel ranked seventh with 2.59%, preceding most Western countries, including countries which stood out in the field of innovation in recent years, like India (2.55%).

According to the survey, innovation is still perceived as a leading engine in the creation of jobs, economic prosperity and an improved quality of life. Ninety-two percent of Israeli executives give the issue strategic preference.

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