Israeli Companies' Lack of Hierarchy Fuels Their Innovation, Says Ford Chairman
Bill Ford, the executive chairman of American carmaker Ford, spoke Tuesday at the Ecomotion 2019 smart mobility show in Tel Aviv
Tomer Hadar and Meir Orbach | 14:52 11.06.2019
Israeli companies' lack of internal hierarchy is fueling innovation, according to Bill Ford, executive chairman of American carmaker Ford Motor Company. Ford spoke Tuesday at the Ecomotion 2019 smart mobility show in Tel Aviv. "Israel has an amazing ecosystem, there is impressive energy here, and there is no hierarchy," Ford said. "I love it because it creates innovation," he said, adding that startups get the center-stage in the Israeli ecosystem. Calcalist reported that Ford intends to launch an innovation center in Tel Aviv. Ford already operates a computer vision and machine learning innovation center in Israel through wholly-owned subsidiary SAIPS AC Ltd., acquired in 2016 as part of Ford's autonomous car push. In late 2018, Ford invested $12.5 million in SAIPS to fund a new unit that will focus on designing a decision-making system for autonomous vehicles.