A short YouTube interview/transcript excerpt where Matan Hazanov and David discuss Israel’s strong innovation ecosystem, emphasizing that Israel consistently attracts a high level of venture capital and R&D investment relative to countries like Canada.
Israel punches above its weight in venture capital almost every year.
Yes.
Relative to Canada. I mean, maybe you get into that, David.
Yeah. So almost any way you can measure entrepreneurship, innovation? Israel is one of the top ecosystems in the world. R and D percentage of GDP. Israel is running near 5%. Canada, 1.5%. So they spend three or four times as much as we do on a national level of R and D. And that's the initial lifeblood of startups. Right. Is research and development. Israeli entrepreneurs have raised, over the last 10 or so years over $90 billion. Canadian companies have raised just over 40 billion. So they're like more than two times as much for a population a quarter the size. So on a relative basis, significantly more.
