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Lessons for India on why Israel leads in innovation!

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India and Israel both survive in a very hostile neighbourhood and with Prime Minister Narendra Modi's maiden visit to the Jewish country, the two democracies are seeing a new high in relations.

The one big lesson India needs to learn from Israel is to rise again from failures.Israel is also referred to as a 'start-up nation'. Modi gave a clarion call that India should also 'start up and stand up'.

Modi says "innovation is the biggest goal towards the route of development. Israel has always promoted innovation and technology."

The one big thing that differentiates the Indian and Israeli innovation system is way the Israelis accept failure, and failed entrepreneurs are not stigmatised.

In the past, India and Israel have not looked eye-to-eye. For decades India was leaning towards Palestine and the relationship got transformed during the Kargil conflict, when Israel came to India's rescue by supplying sophisticated weapons which helped push back the Pakistani infiltrators in the Kargil zone. Since then, the relationship has grown by leaps and bounds.

India launched an Israeli spy satellite, TecSAR, in 2008. India also bought a similar satellite from Israel, RISAT-2, to keep an eye on its hostile neighbours, this was cooperation at the government level.

After the visit by Modi, the space agencies of the two countries can now start cooperating in earnest now.

Today Israel is a power house of high technology. If India's mission to succeed as 'Start Up' country has to go forward there is a lot to learn from the original 'Start Up Nation' Israel.

Many lessons need to be learnt like from seeing the working of one of the top ten most successful venture capital companies JVP, a technology powerhouse.

There are many lessons that India could learn from Israel. One big lesson being learning to accept failure as a stepping stone to success.

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