Thursday, May 29, 2014

Israel's Tech Industry Is Becoming All About 'China, China, China'

By Yaacov Benmeleh

Bloomberg - May 29, 2014

Attendees at a technology conference in Tel Aviv last week took home mock boarding passes to Shanghai, Shenzhen and Hangzhou. Those are among the stops on a 10-day roadshow across China in November, where the Israeli government plans to showcase the country's life-sciences companies.
The gimmick highlighted Israel's expanded focus on trade, particularly in technology, with the world's most populous country. Some 350 Chinese businessmen and government officials convened at the event to meet with Israeli tech entrepreneurs and scientists.
"Israel is going east," Nafatli Bennett, the country's economy minister, said at the conference on May 22. "We are shifting our economic resources to Bangalore, Africa and China, China, China."
That shift is also taking place in the country's academic circles. Tel Aviv University announced last week that it's teaming up with Tsinghua University in Beijing to establish the XIN Center for research into areas like nanotechnology.