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With more than 7,000 startups, Israel is considered the world’s second largest hub of entrepreneurship after the USA according to the Global Startup Ranking Ecosystem 2015. This result is quite impressive, especially if one considers that the country population adds up to only 8,5 million people.
An HBR research listed three main reasons underlying these astonishing results: the early role of military R&D and the mandatory military service role in building entrepreneurial culture, good relations with the U.S. and the fact that early success breeds continued success.