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Tech Companies Look to Israel

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  • Description

    IP Navigation CEO Peter Hardigan on the booming tech industry in Israel.

  • Duration 3:17
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All right tech company or a company investing in -- which country should you absolutely have to be in.

Our next guest says it is Israel.

Join in the company's -- hot again he is the CFO of IP navigation group that's a venture capital group Peter welcome of the program thank you.

What's so special about is that this is Israel really the new Silicon Valley -- Well it it's sort of then it's fish from the second largest tech cluster in the world.

Our people called short on water and -- is like Valium and -- -- And what happened is in the ninety's.

As part of the peace dividend really.

About some -- 2000 engineers emigrated from a former Soviet Union came to Israel since there was -- do.

The government put money into developing.

Programs to Foster investment and -- -- is a really harsh girl culture.

Lot of fantastic technology companies have come out of Israel.

Now -- which is to a broad based tech.

Got to go -- if you wanna read -- gotta be in Israel what kind attack especially I understand that a big in biological bio medical is that correct.

Sort Teva -- the total digital as an example our great company vocal track was a great company that's now on the NYSE.

There were one of the innovators -- they actually invented for server and not peripheral which is you know -- everywhere now and I'll give -- a couple examples of companies that we work worth.

There's -- company about where is one of the -- original inventors.

-- TV and Internet and through set top box which of course is something that has really taken off -- you put your money into that.

Won't work we're talking reform until the -- you're discussing a deal access while we're on the what's central what's interest and about this company is that.

They develop something for years -- as they try to you on get Chinese companies to work with me and David -- starts to invest in them and tried to help them.

-- that they're not really gonna have money to develop the technology themselves.

So isn't that they're anxious for money they -- American venture capital money.

Right absolutely absolutely -- they want to cash out fast what about all they in it for the long haul.

You know this is I don't know if that's the geopolitical or -- -- what it is but I think a lot of companies.

Are in Israel tend to have a strong preference for cash back.

And this is.

Are -- gonna say that's because of the geopolitical.

-- you mean the threat from Iran that Israel may be attacks so they want the cash out fast is that.

Accurate.

I just think that there is history and other bad and the number of wars and 68 I think it's just a culture were having security.

Is as part of it.

Premium -- so to sum it up Euro venture capital guy.

You've got money to invest.

You look to Israel as a primary source of -- to invest Fuel Tech moment.

In Israel absorbed that that's his -- place at the moment right.

Yes it's -- -- -- -- it's necessary to be there I mean of course were and were -- technology is there we struck the B we have offices.

Our cure of course no you don't want to give a commercial -- -- mobile company again.

I can Meredith IP navigation forget it no more commercials the -- the data -- and just engage very recently I do -- yes -- -- fight that idea I'm satisfied pentagon joint bid -- I said it.

Hit holly and everyone excellent thank you much for joining us -- -- --

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