The hottest area in the employment market:
High-tech exports have passed the 50% threshold for the first time and stand at 54%, and employment in the industry is exceeding the 10% threshold for the first time.
This is according to the Innovation Authority's High Tech 2022 report.
Israel is a world leader in the rate of high-tech employees.
The number of employees in the industry in 2021 was about 362,000, which constitutes 10.4% of all employees in Israel.
By comparison, the rate of high-tech employment in Ireland is 9.2%, in Sweden 5.7%, in Germany 5.3%, in the Netherlands 4.3% and in the UK 5.5%.
The volume of high-tech workers in the past year recorded a growth of 8% compared to a growth rate of 1% in the rest of the economy, adding about 27,000 new workers.
However, government investment in groundbreaking future R&D in Israel is the lowest in OECD countries. There is also a decline in international competitiveness indices.
Israel ranks first in OECD countries in R&D expenditure relative to GDP, but last in the rate of government investment in R&D out of total expenditure in the field. In addition, Israel slipped to 15th place in the Global Innovation Index in 2021, compared with 10th place In 2019.
According to the report, in the past year there were 88 mega-raisings of more than $ 100 million, but the market value of the Israeli technology companies on the NASDAQ has been cut by about 10% in the past year.
In 2021, the record for raising capital for startups was broken - about $ 27 billion a year and more than twice as much as the previous year.
56% of the capital was raised for companies engaged in enterprise software, cyber or fintech.
Less ultra-Orthodox
In terms of recruitment, Israeli high-tech has not yet recruited representatives from all sectors of the population, and changes in the diversity of human capital in high-tech have eroded.
There was a 6% decrease in the number of ultra-Orthodox workers and an increase of only about 200 workers in the number of Arabs employed in high-tech.
The growth in high-tech is mainly among men who belong to the non-Haredi Jewish population from the center of the country.
One third of the high-tech companies, including about a quarter of the workers in the industry, are located in Tel Aviv.
Jerusalem is home to mainly small and medium-sized companies, and Haifa is populated mainly by multinational and large companies.
Be'er Sheva is the fastest growing city in terms of the number of startups operating in it, but the numbers are still relatively small.
According to the report, the change is in the rate of 49-45 year-olds employed in high-tech. This is a doubling from 6% in 2012 to almost 12% in 2021.
Dr. Ami Applebaum, chairman of the Innovation Authority, told Israel Today: "We see the current year as a record year for high-tech activity in Israel, with a tremendous $ 27 billion capital inflow and growing companies. The state and the public sector need to support "In long-term and groundbreaking things, and to maintain Israeli leadership in these areas."
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