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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News A decline from start-up nation to app nation?

A decline from start-up nation to app nation?

Jul. 7, 2013

Writing “fun” apps and setting the goal of selling your start-up to a big American company is no way to run a “Start-Up Nation,” according to Dr. Shlomo Markel, a Haifa native who is a vice-president of fabless chip and infrastructure giant Broadcom. “I have no problem with people getting rich in an exit, but it seems we are turning into an ‘app nation’ and losing our edge as a ‘start-up nation.’

“If Israel is to retain its position as a top tech center in the world, we need companies with employees creating advanced technologies, and the games and cute connectivity and social apps so many entrepreneurs are focusing on just won’t cut it for Israel in the long run,” said Markel.

Ensuring that Israel continues to produce world-class engineers who know their way around a computer chip is good for Israel, but it’s also key for large multinationals like Broadcom. Over the past ten years, the company has bought nine Israeli start-ups, and has nearly 1,000 employees here. “We are one of few international companies in Israel that have been constantly expanding our workforce here,” said Markel. “In 2009, we had 100 workers in Israel, and now we have over 800. Much of that has been through organic growth, in which we hire new people, not just retain the workers in the companies we acquire.”

For the full feature story in The Times Of Israel click here.

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