Israel's High Tech companies raised $842 Million Dollars in Venture Capital during the first half of 2007 up 10% from last year according to "Dow Jones"
During the 2nd quarter of 2007, 118 High Tech Companies raised $436 Million Dollars in Venture Capital an 8% increase over the $404 Million Dollars raised during the same period a year ago.
The average amount of financing was $3.7 Million Dollars per company an increase of about 9% from a year before.
The High Tech Sector is one of Israel's leading industries, contributing to 12.1% of the Total Domestic Product.
Israel is a free and open democracy with less than 1/1000 of the worlds population but has the highest ratio of advanced level degrees and leads the world in Scientist's with 145 per 10,000 people compared to 85 per 10,000 people in the USA
Our good friend Israel continues to have a growing and vibrant economy because of its values, faith in God, respect for the family, peace and freedom.
The Totalitarian Regimes that continue to demand more and more public welfare, lack prosperity and opportunities as their economies remain stale and stagnant.
Israel founded in 1948 is a nation of just over 7 Million People that is built on belief in God, civil liberties and political rights. Our good friend Israel continues to prosper because of its heritage and the values that our countries have in common.
