With eye on innovation, Israel aims to double number of those working in high-tech – Israel News

The Israel Innovation Authority aims to double the number of high-tech workers in the country over the next decade, while encouraging companies in older industry to use more technology and become more innovative, the authority said in its annual reported released on Sunday.

The report documents what it said was a serious shortage of quality engineers and software professionals, which was causing wages (and therefore costs) to grow and preventing the industry form growing as fast as it could.

High-tech today employs about 250,000, or just 8.3% of Israel’s labor force despite Israel’s reputation as Startup Nation. The Innovation Authority aims to bring that number up to 500,000 in 10 years’ time.

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