Searching for Available, Affordable Talent, Israeli Tech Companies Look to Ukraine
A new report on the Israeli tech industry shows that talent shortage is increasingly pushing local tech companies to establish research and development operations offshore
15:3516.12.18
More and more Israeli tech companies are establishing research and development centers outside Israel, according to a new report published Sunday by Tel Aviv-based non-profit organization Start-Up Nation Central (SNC) in collaboration with Israel’s government innovation investment arm, the Israel Innovation Authority (IIA).
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For Israeli companies looking for available and affordable tech talent, Ukraine is becoming a major draw, with 45% of the surveyed companies having a presence there. Other popular destinations are the U.S., with 16%, Russia and India, both with 10% of Israeli offshore activity.
Computers. Photo: Pixabay Out of 274 local tech companies asked about their offshoring strategies, 60, or 22%, reported operating a “significant” presence abroad. 50% of these companies established their offshore presence in the past two years. Companies with an offshore presence on average have 25% of their employees work abroad.
