You are here

Israel's high-tech boom a double-edged sword

Firms bought by MNCs are shut down or turned into R&D centres

BT_20150121_LEISRAEL21_1468632.jpg
"To build a long-term success story takes hard work, many years and lots of patience," says Mr Brenmiller.

Tel Aviv

ISRAELI entrepreneur Avi Brenmiller says he was coaxed by investors into selling Solel, his solar-thermal power firm, to Germany's Siemens for US$418 million in 2009. Today, little is left of it after Siemens pulled out of the business.

From a thriving company that