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Israel will have a difficult time keeping its leadership in areas such as communications, software and medical equipment over the long term in light of the heavy competition from all over the world, said Eli Opper, the chief scientist in the Industry, Trade and Labor Ministry at a recent high-tech conference. But he encouraged Israeli entrepreneurs to attack two new promising sectors as soon as possible: biotechnology and cleantech.

Opper said biotech was not developed in Israel despite the excellent science being done in the field here, and while there are a large number of firms in the field, there is still no Israeli biotech industry - and many companies are fighting just to survive.