20 Israeli companies "most promising": Red Herring

Another truly remarkable accomplishment from a tiny country with constant worries of terror and few natural resources.

No less than 20 of Red Herring's 100 most promising companies in Europe are Israeli.

Israel is the second most highly represented country, with only Britain providing more than a fifth of the companies on the list. Together Israel and Britain are responsible for 53 percent of these promising companies.

Ireland, Finland, France and Germany each have less than 10 names on the list.

Among the 20 Israeli firms are Mellanox Technologies (the mother of InfiniBand technology), Wisair (developer of a ultra-wideband chipset for wireless communications), the biotechnology company D-Pharm, EZChip and Flash Networks.