Ecosystem of Innovation in Israel High-quality talents education accept 1m high-tech Jewish immigrants from all over the world around the 1990s talents selection system, military service, interdisciplinary innovation (battlefield entrepreneurs) Jewish wealth Government Yozma VC funds: government + domestic VC + foreign VC ==》star enterprise BIRD research fund with America, encourage R&D together in Israel ==》60% of NYSE and 75% of NASDAQ Israel enterprises are funded Loose commercial system: the most simple to found a company, start a business again (20% success rate) Culture Crisis awareness

China’s High-Tech Industry: Opportunities & Challenges - Page 8 China’s High-Tech Industry: Opportunities & Challenges Page 7 Page 9