The recent global ransomware attack, WannaCrypt, made the world quake with a single piece of malware in the last few days. But not in Israel. It already has the secret weapon to such future scenarios – highly-trained human capital.
The world under constant threats and in dire need for innovation seeks more engineers. According to the American Bureau of Labor Statistics, by 2020 there will be 1.4 million computer-science-related jobs available in the US and only 400,000 computer science graduates with the skills to apply for those jobs. Even Israel is short of at least 10K engineers according to government officials, and the problem is getting bigger worldwide.
ITC’s goal has been from day one, to foster talent and a community, to open the door for talented young professionals in tech by training them in the most in-demand skills, like cyber security, data science, and full stack coding, to help them unlock their potential and bring about technological advancements.
To date, we introduced 400 developers to the industry in the last 3 years alone. The contribution of a new high-tech employee to the Israeli industry is estimated, $210,000 USD a year on average (GDP plus exportation) according to the Israeli Statistics Bureau in 2012. 100 ITC graduates stayed to work in Israel long term, averaging 1.5 years to date. When you do the math, ITC contributed over $31.5M USD to the Israeli economy.
How did we do it?