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      Archive: 12/25/2013

      News Brief

        12/25/2013, Tevet 22, 5774

      Israeli Hi-tech Boomed in 2013

      Business Week reports 2013 was a positive year for Israeli high-tech and biotech, in almost every respect: total investments rose, salaries rose, and there were some impressive exits. According to human resources and research company Ethosia, the mobile sector is still guiding the industry, and despite some worrisome signs, there is still room for much optimism.

      According to the data, in the first half of the year, says Business Week there was a 52 percent rise in demand for mobile and web developers. This trend continued for most of the year. Start-ups founded this year succeeded in raising over $380 million, with Internet companies accounting for 25 percent of the funds raised. According to forecasts, this trend is not expected to change in 2014, or in the following years, adds Business Week.