More than 85% of investment in Israel’s high tech and innovation industry comes from foreign investors. In light of the coronavirus crisis, this industry’s livelihood is in danger and therefore the growth engine of the entire Israeli economy is at risk as well.
Prof. Eugene Kandel, CEO of Start-Up Nation Central, shares his projections – which are based on data from 30 VCs and angel investors operating in Israel.
Regarding industry 4.0 specifically, he predicts that countries will shift production back home. Due to more expensive manpower in their home markets, factories will need to minimize the number of workers and increase productivity through Industry 4.0 technology.
Read the full story in the Marker (Hebrew)