Innovation and economy

A high level of innovation translates into a low cost economy.

Sunday, 9 July 2017

Innovation Ecosystem

Innovation incubation in Israel. Incubators have been giving risk free loans to start ups to the tune of 600000 USD. If the start up fails, they do not have to pay back the loan. If they succeed they pay back 3% per annum royalty.
Failure on the path of innovation is not penalized in Israel.