Mind the Tech NYC
There's No Multinational Today That Isn't Involved in The Israeli Tech Scene
Israel is a technological powerhouse but further improvements are needed to keep its momentum, said David Brodet, Chairman of Bank Leumi, at Calcalist's Mind the Tech conference in New York
For daily updates, subscribe to our newsletter by clicking here.Held for the second year in New York, a city with a flourishing startup ecosystem that is beginning to rival that of Silicon Valley, the conference features industry and government leaders and many representatives from Israel's tech sector.
"In spite of this great success, we must make further improvements to continue with this momentum in years to come," Mr. Brodet continued. Further, he added, Israel suffers "from a shortage of engineers and skilled labor, and we must reinforce the industry with a steady supply of engineers. We must spare no effort to increase the participation of women in the workforce." Arabs with Israeli citizenship and ultra-Orthodox Jews are also populations whose participation should be encouraged, he added.To face the current situation in the industry, Mr. Brodet said, Bank Leumi established Leumitech, its technology banking arm, four years ago. Today, he added, Leumitech engages with over 60% of Israel-based technology companies, and collaborates with many of the world's leading technology centers.