Israel aims to double the number of people working in hi-tech

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 report released on Sunday.

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

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

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