Chemi Peres discusses his father's four major stages of innovation in Israel, the importance of building economies on science and technology, and the potential for the Middle East to become a start-up region, driven by both global enterprises and a growing startup community.

Israel must be 100% Israel

Detailed Summary for Chemi Peres | No Room for Small Dreams: How the Start-up Nation can help create the Start-Up Region by Monica

00:00 Shimon Peres' life can be divided into four stages of innovation and entrepreneurship in building a nation, defense industry, reviving the economy, and pursuing peace.

• The first phase was about building a nation by developing know-how in agriculture and water technologies.
• The second phase was about building strong defense capabilities based on science, technology, and innovation.
• The third phase was about reviving the economy after inheriting a collapsing economy with a 400% inflation rate.
• The fourth phase was about pursuing peace in the Middle East.

02:20 Building an economy on science, technology, and innovation is crucial for success, as demonstrated by the success of the startup nation of Israel.

• The startup nation of Israel was built on the foundation of science, technology, and innovation, rather than natural resources.
• The success of the startup nation was due to creating a climate for innovation and entrepreneurship, inviting global enterprises, and helping young people start companies.
• Global enterprises are driving the innovation engine of Israel, with 50% of the country's innovation coming from these companies, including Facebook, Apple, and other major technology companies.

04:43 Israel's startup community has 6,000 companies in various technology sectors, receiving $6 billion worth of investment annually, and is helping the world grow through the fourth Industrial Revolution.

• Apple's R&D center outside the US was set up in Israel.
• Science and technology can replace the need for natural resources and cheap labor, making it possible to build great nations without fighting.
• The Paris Center for peace and innovation aims to turn the Middle East region into a startup region, using Israel as a case study.

07:05 There is an opportunity for the Middle East to create a unified market around the Arabic language and help new companies and small companies expand their business through the network, especially for the young generation.

• Middle East has 400 million people in the region and another 50 or 60 million outside the region who speak Arabic.
• Creating a unified market around the Arabic language can help new and small companies expand their business.
• The Middle East is one of the youngest regions in the world, with 60% of the population below the age of 30, and creating jobs for the young generation is crucial for the region's growth.