Book Review: 「High Tech Powerhouse Israel」

A new book, High-tech powerhouse Israel, explains how it led to growth in the future-oriented high-tech industry. Despite geopolitics, religion, and cultural differences, Israel and Korea have similarities. Due to scarce natural resources, limited space, and unfriendly security, economic growth was rapid. Israel established a hightech ecosystem by swiftly pioneering new disciplines and expanding capabilities, while Korea based its industrial base on manufacturing. “High-Tech Powerhouse Israel” examines Israel's history, culture, and innovative ecosystem elements, analyzes its driving force that has grown into a global leader in the high-tech industry in a barren environment, and examines ways Korea can develop an innovative ecosystem. Han Jung-hwa, the author of “High-Tech Powerhouse Israel,” is a longtime researcher of management strategies and start-ups. He benchmarked Israel's technology start-up incubator policy to design Korea's Tech-Inverator Program for Startup (TIPS), a leading public-private partnership start-up support program. This book is crucial since it examines Israel's science, technology, and industry and includes the newest innovation ecosystem data. By introducing the latest trends in eight innovative sectors, including cybersecurity, climate technology, mobility, and fintech, as well as the possibility and policy of cooperation with Korea, it serves as a key to finding new growth engines in the management and industrial sectors. As a policy sector, it serves as a white paper for the institutional foundation to enhance new industry competitiveness.