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In an interview about modern innovation on Israel, entrepreneur Mouli Cohen discussed about how innovation has indirectly helped Israel emerge uninjured from the global financial crisis.
Clean technology and clean energy are the two giant areas in Israel, where research and development is focused upon. It has made huge investments in technology, and research and development sector. It is expected to come out with path breaking research projects in the clean energy sector as more and more engineers are involved in them. Having a good track record in R&D investments, Mouli Cohen believes that the country is also aggressively working towards renewable energy to reduce its dependence on the oil producing countries of the Middle East in the future.
Although America is the centre stage for research on clean technology and clean energy, Mouli Cohen said that, the huge developments in the clean energy companies of Israel will surprise the world in a few years from now. Their research has been focused upon areas like solar energy, power storage, grid intelligence, and fuel cells. He goes on to say that, innovation is what economic growth is based upon, and not the real estate or the credit bubbles that the US and UK had.
Americans emphasize on orderliness and know-how, while Israelis have the unmitigated nerve and talent to start something new. Israel’s track record of producing thriving information and communication companies is an indication, many of the startups on clean and renewable technology will succeed. The companies listed by Israel on the NASDAQ, is more than the ones listed by all of China, Europe, Japan, India, Korea combined. Israel moved into the Ethernet world, then electronics, then information and technology, and now daringly moved into renewable and energy efficiency.
Mr. Mouli Cohen is a successful entrepreneur who has ventured into various fields from biotechnology to business. He is also a philanthropist who supports children’s education projects, food programs and charities.