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Israel’s Entrepreneurial and Innovative Power Can Help Overcome This Crisis

An aerial view shows vehicles on fire as rockets are launched from the Gaza Strip, in Ashkelon, southern Israel October 7, 2023. REUTERS/Ilan Rosenberg

Numerous testimonies clearly illustrate that crises and catastrophic events — and the period of uncertainty that often follows them — are the most opportune times to abandon a “business as usual” approach, and to opt instead for innovation and entrepreneurship as a lever for renewal and growth.

Recent crises such as global pandemics, financial crises, and wars demonstrate that the most effective way to navigate successfully in crisis situations is through entrepreneurial thinking, which stimulates creative solutions, the development of new products, and the establishment of innovative processes.

What is entrepreneurship or entrepreneurial thinking?

Some define it as the ability to identify or create high-potential opportunities to increase existing value through smart utilization of resources. Others call it the relentless pursuit of opportunities that require resources not readily available. Regardless how it is defined, entrepreneurship is clearly the driving force behind the tremendous growth of the economy and technology in recent decades.

In the rapidly changing landscape of the 21st century, economic growth and prosperity are propelled by the ability to innovate and foster entrepreneurship. In the contemporary business world, innovation serves as a means to create value. Over the past decades, entrepreneurial start-ups have emerged as major drivers of global markets.

A defining characteristic of these start-ups is their remarkable ability to grow rapidly and disruptively innovate. A brief glance at global statistics in the field of start-ups reveals that there are currently around 150 million worldwide, with approximately 50 million more added each year. This averages to about 137,000 new startups established every day. While only about 10% survive, the numbers speak for themselves.

In rare cases, a brilliant idea is enough to spark a process that will turn it into a genuine solution to a pressing problem. But without courage, perseverance, determination, and true belief in the goal, even the best ideas are unlikely to evolve into successful products or processes. These attributes are not only the most prominent characteristics of the successful entrepreneur but are also essential for overcoming and emerging strengthened from crises.

The strong connection between crisis management and entrepreneurship has proven itself throughout history, particularly in recent decades. Examples like the recovery of Japan and Tokyo from the devastation of World War II highlight the role of entrepreneurs in the revitalization process. Visionaries like Konosuke Matsushita, founder of Panasonic; and Soichiro Honda, founder of Honda, represent the entrepreneurial spirit that drove the recovery. Emphasis on innovative production methods, commitment to quality and revolutionary approaches to mobility and transportation contributed significantly to the revival of Tokyo’s industrial base and laid the foundations for Japan’s economic resurgence after the war, illustrating how entrepreneurship can act as a powerful force for recovery and change.

Another example is the recovery of New Orleans after Hurricane Katrina in 2005, which turned large parts of the city into islands of devastation. Economic and social entrepreneurs were the driving forces behind the city’s recovery, rebuilding social and community infrastructure. Social initiatives such as the Make It Right Foundation sought not only to provide housing options but also to address systemic issues and create sustainable solutions, focusing on the community’s recovery. Initiatives that included unique business models, such as Community Land Trusts and public-private partnerships, highlighted the role of entrepreneurship not only in the reconstruction of buildings but also in the reconstruction of the community itself. The establishment of the Idea Village accelerator, which supported local entrepreneurs, also contributed to the city’s recovery by fostering economic resilience and creating a sense of community capability in the rebuilding process.

The recent COVID-19 pandemic presented the world with new challenges that required revolutionary initiatives and rapid responses to the new situation. Many entrepreneurs worldwide, including in Israel, mobilized to address these challenges.

Many companies redirected their planning and production capabilities to meet the growing demand for personal protective equipment. Numerous technological start-ups emerged and provided innovative solutions for remote work and online education. The pandemic emphasized the need for agility, adaptability, problem-solving skills, and the ability to innovate. Many governments recognized the potential of the entrepreneurial ecosystem and implemented measures such as grants, loans, and fast-track regulatory processes to encourage innovation and entrepreneurship in various fields, such as the rapid development and distribution of tests and vaccines.

These efforts demonstrated how entrepreneurial initiatives serve as a significant catalyst for recovery and resilience in the face of unprecedented challenges. The key takeaway from these cases is that nurturing an environment that encourages and supports entrepreneurship is crucial for building sustainable and resilient communities capable of adapting, recovering, and thriving after disasters.

On October 7, 2023, Israel experienced a catastrophe. The murderous attack by Palestinian terrorist organization Hamas on the southern communities left the region devastated and the communities shattered and scattered across the entire country.

In response, the Israeli government declared the establishment of a “Resurrection Administration” that will focus on the recovery of the region. The administration will operate for a five-year period and will report directly to the Office of the Prime Minister. The initial budget allocated to it stands at one billion shekels. Its object is to restore residents to their homes and strengthen the social and economic infrastructure of the region.

The decision to establish the administration is undoubtedly a major step in the right direction towards revitalization. A statement by Brig. Gen. (ret.) Moshe Edri, who heads the administration, made clear that its mission will not end with the rehabilitation of all infrastructure and the return of the residents to their homes, but will also include strengthening and developing the local economy, creating new job opportunities, and expanding growth into new dimensions.

To achieve this complex vision, the healing power of entrepreneurship and innovation must be enlisted. The administration should turn to entrepreneurship and innovation as a primary tool that will enable the rapid healing of the region. It should do so by putting mechanisms in place that will encourage entrepreneurs and capital owners to invest their time and money not only in reviving but also in further developing the infrastructure, economy, and local communities of the region. This will support the reconstruction process and attract visionaries and skilled workers to the region who can help transform the local economy, currently based mainly on agriculture, into a booming hub of hi-tech and innovation.

The State of Israel is unique in that it has maintained economic growth while remaining embroiled in a prolonged military conflict ever since its inception. Over the years, Israel’s growth strategy was, and still is, directly tied to its level of investment in innovation and entrepreneurship. In the Global Competitiveness Report for 2018/19, which ranked 141 countries, Israel was ranked first in entrepreneurial culture. Israel’s risk capital-raising rate is among the highest in the world per capita and it is often referred to as the “Start-Up Nation”.

Israeli innovation and entrepreneurship is more than capable of rising to the challenge created by the October 7 catastrophe, but words alone will not suffice. The Israeli government must put its money where its mouth is and actively push towards turning the vision into reality.

Nir Reuven is a researcher at the BESA Center, an engineer, and a former officer in the Merkava development program (the main Israeli battle tank). He has held several management positions in the Israeli hi-tech industry and is an expert on technology. Currently he is co-manager of the Sapir College Innovation and Entrepreneurship Center. He is working on his Ph.D. and lectures at Bar-Ilan University. A version of this article was originally published by The BESA Center.

The post Israel’s Entrepreneurial and Innovative Power Can Help Overcome This Crisis first appeared on Algemeiner.com.

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Israeli Strike on Tehran Kills Bodyguard of Slain Hezbollah Chief

Iranian Foreign Minister Abbas Araqchi lays a wreath as he visits the burial site of former Hezbollah leader Hassan Nasrallah, on the outskirts of Beirut, Lebanon, June 3, 2025. Photo: REUTERS/Mohamed Azakir

A member of Lebanese armed group Hezbollah was killed in an Israeli air strike on Tehran alongside a member of an Iran-aligned Iraqi armed group, a senior Lebanese security source told Reuters and the Iraqi group said on Saturday.

The source identified the Hezbollah member as Abu Ali Khalil, who had served as a bodyguard for Hezbollah’s slain chief Hassan Nasrallah. The source said Khalil had been on a religious pilgrimage to Iraq when he met up with a member of the Kataeb Sayyed Al-Shuhada group.

They traveled together to Tehran and were both killed in an Israeli strike there, along with Khalil’s son, the senior security source said. Hezbollah has not joined in Iran’s air strikes against Israel from Lebanon.

Kataeb Sayyed Al-Shuhada published a statement confirming that both the head of its security unit and Khalil had been killed in an Israeli strike.

Nasrallah was killed in an Israeli aerial attack on Beirut’s southern suburbs in September.

Israel and Iran have been trading strikes for nine consecutive days since Israel launched attacks on Iran, saying Tehran was on the verge of developing nuclear weapons. Iran has said it does not seek nuclear weapons.

The post Israeli Strike on Tehran Kills Bodyguard of Slain Hezbollah Chief first appeared on Algemeiner.com.

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Hamas Financial Officer and Commander Eliminated by IDF in the Gaza Strip

Israeli soldiers operate during a ground operation in the southern Gaza Strip, amid the Israel-Hamas conflict, July 3, 2024. Photo: Ohad Zwigenberg/Pool via REUTERS

i24 News – The Israeli Defense Forces (IDF), in cooperation with the General Security Service (Shin Bet), announced on Friday the killing of Ibrahim Abu Shamala, a senior financial official in Hamas’ military wing.

The operation took place on June 17th in the central Gaza Strip.

Abu Shamala held several key positions, including financial officer for Hamas’ military wing and assistant to Marwan Issa, the deputy commander of Hamas’ military wing until his elimination in March 2024.

He was responsible for managing all the financial resources of Hamas’ military wing in Gaza, overseeing the planning and execution of the group’s war budget. This involved handling and smuggling millions of dollars into the Gaza Strip to fund Hamas’ military operations.

The post Hamas Financial Officer and Commander Eliminated by IDF in the Gaza Strip first appeared on Algemeiner.com.

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Report: Wary of Assassination by Israel, Khamenei Names 3 Potential Successors

Iran’s Supreme Leader Ayatollah Ali Khamenei waves during a meeting in Tehran, Iran, May 20, 2025. Photo: Office of the Iranian Supreme Leader/WANA (West Asia News Agency)/Handout via REUTERS

i24 News – Iran’s supreme leader Ali Khamenei named three senior clerics as candidates to succeed him should he be killed, the New York Times reported on Saturday citing unnamed Iranian officials. It is understood the Ayatollah fears he could be assassinated in the coming days.

Khamenei reportedly mostly speaks with his commanders through a trusted aide now, suspending electronic communications.

Khamenei has designated three senior religious figures as candidates to replace him as well as choosing successors in the military chain of command in the likely event that additional senior officials be eliminated.

Earlier on Saturday Israel confirmed the elimination of Saeed Izadi and Bhanam Shahriari.

Shahriari, head of Iran’s Quds Force Weapons Transfer Unit, responsible for arming Hamas, Hezbollah, and the Houthis, was killed in an Israeli airstrike over 1,000 km from Israel in western Iran.

The post Report: Wary of Assassination by Israel, Khamenei Names 3 Potential Successors first appeared on Algemeiner.com.

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