Google chair Eric Schmidt recommends investing in Israel

Google’s legendary chairman told a Tel Aviv conference that he ‘loves Israel’ and ‘hopes to expand his investments’ here.

When Google chairman Eric Schmidt says the company’s development centers in Israel are among Google’s most efficient offices in the world, there’s no need to question the veracity of the statement. Schmidt, who is in Tel Aviv, also noted that investments in Israeli start-ups are highly beneficial.

Speaking at a Tel Aviv conference, Schmidt praised Israeli engineers, the country’s higher education system and the training acquired in the army.

“We love Israel,” he said.

Schmidt told the Tel Aviv conference that the secret of innovation is trying new things.

Schmidt is set to meet Prime Minister Binyamin Netanyahu and address the Israeli Presidential Conference.

Schmidt said he hopes to expand his investments in Israel. To date, he has invested $1.5 million in Israeli online video advertising company Eyeview Digital.

“There are no disadvantages to investing in Israel – just advantages,” he was quoted by Yedioth Aharonoth as saying.

“Israel has the most important high-tech center in the world after the US,” he told the Hebrew daily.

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About Viva Sarah Press

Viva Sarah Press is an associate editor and writer at ISRAEL21c. She has extensive experience in reporting/editing in the print, online and broadcast fields. She has jumped out of a plane, ducked rockets and been attacked by a baboon all in the name of a good story. Her work has been published by international media outlets including Israel Television, CNN, Reuters, The Jerusalem Post and Time Out.