While Israeli technology start-ups have changed the world with their innovative ideas and enjoyed tremendous success in attracting venture capital funds over the last decade, industry leaders warned on Thursday that the local technology sector must significantly alter its approach if it wants to maintain its status as a world technology leader.
"I see a number of primary obstacles facing Israel, chief among them being a strong shift among venture capitalists to cleantech companies," said Ronen Barel, managing partner of Ernst & Young Israel, at the company's Journeys '07 conference in Tel Aviv. "Nations around the world are all looking for more efficient sources of energy and we must, therefore, continue to grow our cleantech sector. Over the past number of years, the focus of VCs has significantly shifted to more cleantech companies and Israel must become more involved." For the full article, click on the link below...
http://www.jpost.com/servlet/Satellite?cid=1192380657064&pagename=JPost%2FJPArticle%2FShowFull
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