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Israelis find start-up breaks in Britain

August 15, 2013 09:46
Roi Lustik-Cohen co-founded a UK tech start-up

By

Sandy Rashty,

Sandy Rashty

2 min read

Setting up a small or medium-sized business in the UK is tough. Entrepreneurs say competition is rife, marketing and personnel resources expensive, and the chance of financial backing — from banks to private investors — unlikely in the current climate.

But Israelis who have made the UK their home, say the secret to a successful technology or retail start-up lies in a combination of innovation, resilience and a bit of “chutzpah”.

“It is much easier to start up a business in the UK than in Israel,” claims Shirly Lustik-Cohen, who manages business development for the Israeli Business Club (IBC) and was formerly at the commercial affairs division at the Israeli Embassy in London.

“I never set up my own business in Israel — it can be a difficult environment to work in,” says the Tel Aviv-born CEO of Walls of the Wild UK, a UK-based design company.

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