When Alexey Chalimov founded software design firm Eastern Peak in Israel four years ago he knew he would not find the developers he needed at home.
He went to Ukraine and hired 120 people to develop mobile apps and web platforms for international clients and smaller Israeli startups.
Driven by startups, Israel's technology industry is the fastest growing part of the economy. But a shortage of workers means its position at the cutting edge of global technology is at risk, with consequences for the economy and employment.
The government's Innovation Authority forecasts a shortage of 10,000 engineers and programmers over the next decade in a market that employs 140,000. Israel will lose its edge if the shortage isn't tackled, says Noa Acker, head of policy at the societal challenges division at the Innovation Authority.
From Channel NewsAsia
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