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Israel and the virtues of necessity

Israel has proved to be a remarkable case study in the transfer of technology from research into commercial exploitation. This has been to a large extent dependent on government initiatives. How will the region be able to continue to exploit these opportunities in a worsening economic climate and a difficult political situation, ask David Gill, Tim Minshall, Martin Rigby and Bob Campbell at the University of Cambridge Entrepreneurship Centre.

Israel benefits from one of the most developed risk-capital markets in the world. What must be done to continue to attract foreign investment? To what extent should Israel stop relying on the US and extend its reach into other international markets?

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The University of Cambridge Entrepreneurship Centre (CEC) began operation in October 1999 following the award of £2.9m of seed funding from the DTI's ‘Science Enterprise Challenge'. The formation of CEC represented a significant step in the on-going development of the University of Cambridge's strategy for commercial exploitation of science and technology. The background to the formation of the Centre rests on a number of initiatives in the Cambridge area and within the University of Cambridge. One of the most significant initiatives was the Cambridge Network's 'Programme for Entrepreneurs', launched in 1998. The vision of CEC is to ensure that Cambridge is acknowledged as the leading centre for knowledge-based entrepreneurship in Europe.