Shivendra Singh, Vice President and Head - Global Trade Development at NASSCOM told ET that Israel is a very key country in terms of its unparralled innovation culture. "The country’s spent on R&D as a percentage of its GDP is the highest at 4.2 per cent compared to 2.4 per cent of Japan and 2.8 per cent of the US," said Singh. He added that the linkage between technology generation and adoption is quite unique in the country and the government has a key role to play in it.
On the cards is meeting with government officials, venture capitalists and startups in the country. "There are a number of innovative companies there and we have a lot to understand in terms of cyber security, tech transfer etc," he added. Singh said that Nasscom is also look at collaborative opportunities with small, innovative companies and possible partnerships that can scale up operations for companies on both sides.
Israel boasts of a strong startup ecosystem which is only preceded by the United States. India, which has the third largest startups after US and Israel is now trying to emulate the success stories.