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https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp201120~e92d92352f.en.html  4/5  20/11/2020  Fostering sustainable growth in Europe  [17] Of the 1,500 companies that graduated from Israel’s 24 technological incubators – established during the influx of well-educated immigrants from the former USSR in the early 1990s – 60% have attracted private investment and 40% are still in operation. [18] Moretti, E., Steinwender, C. and Van Reenen, J.