Trump could oversee of the most innovative periods during presidency

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{ "@context": "http://schema.org", "@type": "NewsArticle", "mainEntityOfPage": "https://www.jpost.com/business-and-innovation/opinion/article-828268", "headline": "Trump could oversee of the most innovative periods during presidency", "datePublished": "2024-11-10T01:31Z", "dateModified": "2024-11-10T01:31Z", "description": "So how does a Middle Eastern economy of 10 million people in Israel affect a rich economy of 340 million people in the United States?", "keywords":[ "us israel relations", "Donald Trump", "innovation", "economics" ], "author": { "@type": "Person", "name": "By IDO HADARI" }, "publisher": { "@type": "NewsMediaOrganization", "url": "https://www.jpost.com/", "name" : "The Jerusalem Post", "logo": { "@type": "ImageObject", "url": "https://images.jpost.com/image/upload/493376", "width": 468, "height": 61 } }, "image": { "@type": "ImageObject", "url": "https://images.jpost.com/image/upload/q_auto/c_fill,g_faces:center,h_537,w_822/614276", "height": 537, "width": 822 }, "video":{ }, "articleBody": "When you say Israel-US relations, you immediately think of issues of security and diplomacy. These are undoubtedly important, but these relations have many other areas and layers. The economic-business relationship between the countries is of crucial importance to the daily lives of all Americans and Israelis.So how does a Middle Eastern economy of 10 million people affect a rich economy of 340 million people?Israel is a source of tremendous and groundbreaking innovation in a wide variety of fields. Sometimes the impact of a single technology is so great and widespread that it changes reality for the individual and the national economy at the same time. If president-elect Donald Trump wants to create an impact, then immediately after the inauguration he must strengthen innovation ties between Israel and the US.The main emphasis and effort should be focused on:Creating significant incentives for investors, such as &ldquo;governmental relative add-on investment.&rdquo; If the investment is successful, then the investor can &ldquo;buy out&rdquo; the government&rsquo;s investment on preferential terms. If the investment fails, then the government loses more than the investor. Another possibility is tax incentives.Easing regulation &ndash; creating faster routes without renouncing safety, efficiency, ethics, etc. Some processes are delayed for no reason. Shortening them will contribute to a faster and cheaper penetration of new technologies into the American market.Encouraging joint investment &ndash; American and Israeli joint ventures have a greater chance of success. Venture capital funds and incubators involving investors from both countries can maximize the integration of Israeli R&amp;D together with the principles of the American market.Landing pads &ndash; Technologies from Israel must pass many hurdles before penetrating the US. Establishing landing pads that include a business, legal, and regulatory framework in the US should be encouraged. Just as there are incubators for technology development, there must be incubators for US business development. INNOVATION EXPERTS visit Kibbutz Magen, near the Gaza Strip. (20/4/2024) (credit: MOSHE FILBERG)HOW WOULD all this affect the pockets of citizens in Pennsylvania?Take, for example, a technology that improves the health of herds, or flocks of chickens, and improves mortality rates, or reduces the need for expensive medicines. Another development could guarantee a longer shelf life for fruits and vegetables and save depreciation and loss. Efficient technology for solar energy could lower electricity bills in every home. There are hundreds of other examples.And what about the impact on the economy of the top deciles?A review of 500 companies founded by non-American citizens that became unicorns in the US between 1997-2019 reveals an amazing statistic: India leads with 90 companies, and Israel is in second place with 52 unicorns. Canada, Great Britain, China, and Germany are far behind. If you take into account that India is 140 times larger than Israel, you understand that Israel is the leading producer of unicorns in the US.And apart from economics, does it have other values?If saving a life is a value, then yes. Hundreds of medical technologies invented and developed in Israel save patients in the US every day. Cyber protection is another example. There are dozens more.There is a war going on; why invest in companies from Israel?Because the Israeli innovation scene is alive and kicking. The entrepreneur goes to the battlefield and returns to the laboratory with another new idea. He is someone who knows how to take risks, be a team player, and improvise. He has courage and audacity that is not taught at Harvard or MIT.&nbsp; AdvertisementThe war will end and will be followed by prosperity. The new president will have a tremendous and wonderful opportunity to be responsible for one of the most special and powerful periods of the current century in the field of innovation. Stay updated with the latest news! Subscribe to The Jerusalem Post Newsletter Subscribe Now The saying, &ldquo;It&rsquo;s the economy, stupid&rdquo; is no longer true. From now on you have to say, &ldquo;It&rsquo;s the technology, you genius.&rdquo;The writer is CEO of a business development consulting company, a member of the life-sciences advisory board of the Israel Export Institute, and has served in senior positions in the Israeli health system and as a consultant for UNICEF in Ukraine.Sign up for the Business & Innovation Newsletter >>", "articleSection" : "Opinion", "isAccessibleForFree": "true" } </script> <section class="business-and-innovation-article-wrap"> <section class="g-row breadcrumbs-wrap"> <section class="g-row breadcrumbs"> <section class="breadcrumbs-list"> <section class="breadcrumbs-link-section"> <a title="Jerusalem Post" href="/">Jerusalem Post</a> <figure class="figMergInline"> <img width="10" height="12" alt="Separator" src="https://images.jpost.com/image/upload/f_auto,fl_lossy/Icons/arrow-areucle.svg" /> </figure> <a title="Business & Innovation" href="https://www.jpost.com/business-and-innovation">Business & Innovation</a> <figure class="figMergInline"> <img width="10" height="12" alt="Separator" src="https://images.jpost.com/image/upload/f_auto,fl_lossy/Icons/arrow-areucle.svg" /> </figure> <a title="Opinion" href="https://www.jpost.com/business-and-innovation/opinion">Opinion</a> </section> </section> </section> <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [{ "@type": "ListItem", "position": 1, "item": { "@id": "https://www.jpost.com", "name": "Home" } } ,{ "@type": "ListItem", "position": 2, "item": { "@id": "https://www.jpost.com/business-and-innovation", "name": "Business & Innovation" } } ,{ "@type": "ListItem", "position": 3, "item": { "@id": "https://www.jpost.com/business-and-innovation/opinion", "name": "Opinion" } } ,{ "@type": "ListItem", "position": 4, "item": { "@id": "https://www.jpost.com/business-and-innovation/opinion/article-828268", "name": "Trump must strengthen innovation ties between Israel and the US - opinion" } } ] } </script> </section>   <section class="margin-container-body"> <section class="body-first-part"> <section class="g-row"> <h1 class="g-row article-title">Trump must strengthen innovation ties between Israel and the US - opinion</h1> <section> <h2 class="g-row article-subtitle">So how does a Middle Eastern economy of 10 million people in Israel affect a rich economy of 340 million people in the United States?</h2> </section> <section class="g-row article-subline"> <section class="article-subline-inner"> <section class="article-subline-inner-author"> <section class="article-subline-name">By <span class='article-reporter'> IDO HADARI</span></section> </section> <section class="article-subline-inner-updated-date"> <section class="date-data"> <section class="published-date-data"> <time datetime="2024-11-10T01:31:21+02:00"> NOVEMBER 10, 2024 01:31 </time> </section> </section> <section class="article-subline-inner-share-buttons"> <section class="article-subline-share" data-share-url="https://www.jpost.com/business-and-innovation/opinion/article-828268" data-share-title="Trump must strengthen innovation ties between Israel and the US - opinion"> <nav> <ul class="secUlHtml5 nav_ul"> <li data-share-url="https://www.jpost.com/business-and-innovation/opinion/article-828268#828268" data-share-title="Trump must strengthen innovation ties between Israel and the US - opinion"> <button type="button" class="share-mail-button icon-btn" title="Share with mail: Trump must strengthen innovation ties between Israel and the US - opinion" > <img width="31" height="31" class="mail" src="https://images.jpost.com/image/upload/f_auto,fl_lossy/Icons/mail-icon-small.svg" alt="Email" /> </button> </li> <li data-share-url="https://www.jpost.com/business-and-innovation/opinion/article-828268#828268" data-share-title="Trump must strengthen innovation ties between Israel and the US - opinion"> <button type="button" class="share-twitter-button icon-btn" title="Share on twitter: Trump must strengthen innovation ties between Israel and the US - opinion" > <img width="31" height="31" class="twitter-copy" src="https://images.jpost.com/image/upload/f_auto,fl_lossy/Icons/twitter-icon-small.svg" alt="Twitter"> </button> </li> <li data-share-url="https://www.jpost.com/business-and-innovation/opinion/article-828268#828268" data-share-title="Trump must strengthen innovation ties between Israel and the US - 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(photo credit: Beer Sheva Municipality)" title="The high-tech park in the heart of Beer Sheva's innovation district." /> <figcaption> <section class="article-image-credit"> <section>The high-tech park in the heart of Beer Sheva's innovation district.</section> <section>(photo credit: Beer Sheva Municipality)</section> </section> </figcaption> </figure> </section> </section> <section class="g-row"> <section> <section class="margin-container-body-text"> <section class="mb-5"> </section> <section class="article-inner-content" itemprop="articleBody" id="startBannerSticky"> <p>When you say <a href="https://www.jpost.com/tags/israel-united-states-relations">Israel-US relations</a>, you immediately think of issues of security and diplomacy. These are undoubtedly important, but these relations have many other areas and layers. The economic-business relationship between the countries is of crucial importance to the daily lives of all Americans and Israelis.<section class='fake-br-for-article-body'></section><p>So how does a Middle Eastern economy of 10 million people affect a rich economy of 340 million people?<section class='fake-br-for-article-body'></section><p>Israel is a source of tremendous and groundbreaking innovation in a wide variety of fields. Sometimes the impact of a single technology is so great and widespread that it changes reality for the individual and the national economy at the same time.<section class='fake-br-for-article-body'></section><section class='hide-for-premium'> <div class="OUTBRAIN" data-src="https://www.jpost.com//business-and-innovation/opinion/article-828268" data-widget-id="AR_36"></div> </section><section class='fake-br-for-article-body'></section><p>If <a href="https://www.jpost.com/israel-news/article-828243">president-elect Donald Trump</a> wants to create an impact, then immediately after the inauguration he must strengthen innovation ties between Israel and the US.<section class='fake-br-for-article-body'></section><p>The main emphasis and effort should be focused on:<section class='fake-br-for-article-body'></section><ul><li>Creating significant incentives for investors, such as “governmental relative add-on investment.” If the investment is successful, then the investor can “buy out” the government’s investment on preferential terms. If the investment fails, then the government loses more than the investor. Another possibility is tax incentives.</li><li>Easing regulation – creating faster routes without renouncing safety, efficiency, ethics, etc. Some processes are delayed for no reason. Shortening them will contribute to a faster and cheaper penetration of new technologies into the American market.</li><li>Encouraging joint investment – American and Israeli joint ventures have a greater chance of success. Venture capital funds and incubators involving investors from both countries can maximize the integration of Israeli R&D together with the principles of the American market.</li><li>Landing pads – Technologies from Israel must pass many hurdles before penetrating the US. Establishing landing pads that include a business, legal, and regulatory framework in the US should be encouraged. Just as there are incubators for technology development, there must be incubators for US business development.</li></ul><figure class='article-image-in-body'><img width="822" height="537" style="max-width: 758px;" src="https://images.jpost.com/image/upload/f_auto,fl_lossy/c_fill,g_faces:center,h_537,w_822/593207" alt=" INNOVATION EXPERTS visit Kibbutz Magen, near the Gaza Strip. (20/4/2024) (credit: MOSHE FILBERG)" title=" INNOVATION EXPERTS visit Kibbutz Magen, near the Gaza Strip. (20/4/2024) (credit: MOSHE FILBERG)" class="mfp-image-popup-container-link" data-mfp-src="https://images.jpost.com/image/upload/f_auto,fl_lossy/c_fill,g_faces:center,h_537,w_822/593207" data-image-name=" INNOVATION EXPERTS visit Kibbutz Magen, near the Gaza Strip. (20/4/2024) (credit: MOSHE FILBERG)" data-image-credit=""><figcaption class="article-image-caption article-image-credit" style="max-width:100%;height:auto;"> INNOVATION EXPERTS visit Kibbutz Magen, near the Gaza Strip. (20/4/2024) (credit: MOSHE FILBERG)</figcaption></figure><h3><strong>HOW WOULD all this affect the pockets of citizens in Pennsylvania?</strong></h3><p>Take, for example, a technology that improves the health of herds, or flocks of chickens, and improves mortality rates, or reduces the need for expensive medicines. Another development could guarantee a longer shelf life for fruits and vegetables and save depreciation and loss. Efficient technology for solar energy could lower electricity bills in every home. There are hundreds of other examples.<section class='fake-br-for-article-body'></section><h3><strong>And what about the impact on the economy of the top deciles?</strong></h3><p>A review of 500 companies founded by non-American citizens that became unicorns in the US between 1997-2019 reveals an amazing statistic: India leads with 90 companies, and Israel is in second place with 52 unicorns. Canada, Great Britain, China, and Germany are far behind. If you take into account that India is 140 times larger than Israel, you understand that Israel is the leading producer of unicorns in the US.<section class='fake-br-for-article-body'></section><h3><strong>And apart from economics, does it have other values?</strong></h3><p>If saving a life is a value, then yes. Hundreds of medical technologies invented and developed in Israel save patients in the US every day. Cyber protection is another example. There are dozens more.<section class='fake-br-for-article-body'></section><h3><strong>There is a war going on; why invest in companies from Israel?</strong></h3><p>Because the <a href="https://www.jpost.com/tags/israeli-innovation">Israeli innovation</a> scene is alive and kicking. The entrepreneur goes to the battlefield and returns to the laboratory with another new idea. He is someone who knows how to take risks, be a team player, and improvise. He has courage and audacity that is not taught at Harvard or MIT. <section class='fake-br-for-article-body'></section><section class='hide-for-premium'> <section style="max-height:250px;min-height:90px;"><section style="margin-bottom:7px;text-align: center;opacity:.4;height:14px;color:#7f6969;"><span class="replace-for-language" style="font-size:15px;">Advertisement</span></section><div data-aaad='true' data-aa-adunit='/6943/JPost_2017/Desktop/All_Regular_Ad_Units/Article_Business_Inovation_Mid_Leaderboard'></div></div></section></section><section class='fake-br-for-article-body'></section><p>The war will end and will be followed by prosperity. The new president will have a tremendous and wonderful opportunity to be responsible for one of the most special and powerful periods of the current century in the field of innovation.<section class='fake-br-for-article-body'></section><section class='hide-for-premium'> <section class="script-3632-container-wrap"><hr><div class="script-3632-container"> <div class="script-3632-text"> <p class="script-3632-text-first">Stay updated with the latest news!</p> <p class="script-3632-text-second">Subscribe to The Jerusalem Post Newsletter</p> </div> <div class="script-3632-button-container"> <a href="https://www.jpost.com/subscribe-daily-email" class="script-3632-button" style="color: #fff !important;">Subscribe Now</a> </div> </div><hr></section></section><p>The saying, “It’s the economy, stupid” is no longer true. From now on you have to say, “It’s the technology, you genius.”<section class='fake-br-for-article-body'></section><p><em>The writer is CEO of a business development consulting company, a member of the life-sciences advisory board of the Israel Export Institute, and has served in senior positions in the Israeli health system and as a consultant for UNICEF in Ukraine.</em><div class='fake-br-for-article-body'></div><div><a href="https://www.jpost.com/business-and-innovation/article-718429" target="_blank">Sign up for the Business & Innovation Newsletter >></a></div> <section> </section> </section> </section> </section> </section> <section class="margin-container-body-text"> <br /> <br /> <section class="g-row article-tags"> <section class="related-tags-title">Related Tags</section> <section class="related-tags"> <section class="related-tag-container"> <section> <a class="related-tag" title="us israel relations" target="_blank" href="/tags/us-israel-relations">us israel relations</a> 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Trump could oversee of the most innovative periods during presidency - The Jerusalem Post