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April 28th, 2005
Israel's tech titans are challenging Canadian entrepreneurs
"Relative to the size of the country," says Efrat Zakai, director of research for Israel Venture Capital, "we are a dominant power in the global high-tech market."
The explanation? Start with an infectious entrepreneurial spirit nurtured by generous government backing of R&D. The latest manifestation: the launch in February of the $88 million Russell Berrie Nanotechnology Institute at Israel's oldest university, the Technion. Like many Israeli research endeavours, the Institute has a strategic element. Its scientists will be developing a whole range of new products and materials engineered with perfect precision down to the level of dozens of atoms.
"We want to position Israel at the forefront of science and technology," says Prof. Uri Sivan, the director of the Institute. "A country that does not have research in the nano field will not be a progressive country."
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