Fostering Entrepreneurship in Israel

Israel boasts one of the most significant numbers of startups per capita in the world. It seems that Israel is a country of innovative entrepreneurs jostling to get ahead of the competition.

Israel has an economy that is mainly focused on the production of high-tech products such as medical devices, scientific equipment, telecommunications equipment, and computer hardware and software. It makes sense that the country is full of entrepreneurs making the most of the high-tech start-up market.

Other entrepreneurs are making forays into the world of retail, tourism, entertainment, and hospitality. Their unique outlooks and perspectives are creating a new generation of entrepreneurial activity. The market is ripe and eager to receive new, smaller businesses that create intimate relationships with their clientele.

Many entrepreneurs are making use of digital platforms available to market their businesses. One of the latest trends is using podcast booking agencies to get themselves on relevant podcasts to sell themselves and their products.

Why is it necessary to foster entrepreneurship in Israel?

  • Going it alone and starting your own business is a risk.
  • Many people have brilliant ideas but lack the funding needed to turn their dreams into a reality.
  • Others need mentorship from someone who has traveled the road they’re about to go down.
  • There are lots of would-be entrepreneurs who lack some of the skills they need to manage a business. In its infancy, a company is operated by the owner alone.
  • Some of the knowledge needed is how to register a business, manage the finances, and create an online presence.

What efforts are made in Israel to nurture the country’s entrepreneurial spirit?

At universities and colleges across the country, courses in entrepreneurship are in growing demand. Institutions have responded, and a variety of study options are available. Classes cater to full-time and part-time students. There are courses, minor programs, and different majors. These make it possible for students to study entrepreneurship in significant depth.

One of the hallmarks of the entrepreneurial study options is a strong practical element. Students are encouraged to learn the theory of entrepreneurship and apply it well before they’re out in the real world on their own. This invaluable experience has been the difference between success and failure for many businesses.

Here are some of the advantages of studying entrepreneurship:

  1.  It brings great minds together

More than one start-up business can put its success down to the fact that its owners met while studying. Sometimes, the perfect idea consists of two halves. Many business co-owners would never have connected if it wasn’t for their entrepreneurship studies.

  1. Studies prepare would-be entrepreneurs

An entrepreneur has a greater chance of success if they have some knowledge and understanding of what to expect. The theory and practical approach will allow students to gain the skills they need.

  1. Experts weigh in

Most entrepreneurship courses don’t consist only of theory lectures delivered by academics. Experts who have started successful businesses share their stories. Entrepreneurs from specific industries seize the opportunity to empower students to follow their dreams.

  1. Academic institutions have strong industry connections

Most colleges and universities have established relations in many industries, most notably the high-tech sector. Students can be put in touch with entrepreneurs who are willing to mentor them. Others make connections that allow them to fund their businesses. Networking is an essential aspect of starting any business.

  1. Focus on the digital age

Part of the entrepreneurship courses covers the need for digital marketing. This marketing includes the use of social media platforms, blogs, content marketing, and podcasts. Students graduate with a sound understanding of how to market their businesses successfully.

About the Author
Rachel Brenner is a Professor of Jewish Studies. Her research focuses on Jewish Literature and has published dozens of scholarly articles and book chapters.