ISRAEL: Development role model Why to relate with

the « Start-up Nation »

Facts about Israel

60 years old country7.1 million residentsMore scientists, engineers, startups per capita in worldMore venture capital per person1st in expenditure on R&D (% of GDP)

Venture Capital in Israel>1985: VC Industry19912000:

Annual VC outlays: $58M $3.3B#companies used funds: 100 800IT Income: $1.6B $12.5B

2008: VC investment = $1.9B2009: Life Sciences Sector:$272M/24% of Total Capital (1st)Today:

70 Active VC Funds (14 International – Israel Offices)220 International Funds

Venture Capital in Israel

Venture Capital in IsraelVenture Capital Firm Investment Range Fund Size

Battery Ventures- Israel <$750M $4BNorwest Venture Partners-Israel $1M-$100M $3.7BCanaan Partners-Israel --- $3.4BSequoia Capital- Israel $0.1M-$10M $2.4BGreylock Partners- Israel $0.5M-$10M $2BLightspeed Venture Partners-Israel $1M-$25M $2BBessemer Venture Partners-Herzliya <$25M $1.6BPitango Venture Capital - Herzliya - Israel <$20M $1.4B

Giza Venture Capital --- $600MBenchmark Capital-Herzliya-Israel $2M-$80M $425MIsrael Seed Partners $10M-$20M $300MApax Partners, Inc. - Tel Aviv - Israel <$60M $109MVenrock Associates - Israel <$0.5M ---The Challenge Fund <$5M ---Walden International-Petach-Tikva-Israel <$15M ---

Why Israel?

Startup NationBig FundersWorld Wide Networking – Immigrants policyMediterranean climate with Cleantech InvestingNew Collaboration with Greece through YOZMA

Why Israel?

Startup NationBig FundersWorld Wide Networking – Immigrants policyMediterranean climate with Cleantech InvestingNew Collaboration with Greece through YOZMA

Startup Nation

60 y.o., 7.1M peopleHighest Density of startups/VC per personIsraeli chutzpah:

“Challenge the obvious, ask questions, debate everything, innovate” Israeli chutzpah:

Maturity in young ages – more life experienceAdversitiesInnovative, inventive {Weakn.Stren.}Israel’s Immigration Policy

Innovation from wider cultureImmigrants=natural risk takers

Why are you my manager and I am

not yours?

Assertivenessnorm reticencerisks

your being left behind

Leverage business talents with

leadership skills

Mediterranean climate

Cleantech Investing in IsraelSecond most innovative country for cleantech

Israel Cleantech Ventures : leading cleantech venture capital firm in Israel

Cleantech Investing in Israel

Cleantech Investing in Israel

Sustainability trend in Israel

Collaboration with Greece - YOZMA

Innovation ecosystemEntrepreneurship fundingMarket targeted policiesFunding toolsDeliverables:

Market analysis - strategic advantage of countryMake Greece target of international investmentsCapital Requirements for “healthy” innovation ecosystemsSpecified funding tools and support mechanisms

A.Merkel: The signing of the agreement with YOZMA is the first tangible evidence of high cooperation between Greece and Israel.

ΥΟΖΜΑ Fund of Funds 1992: Israeli Strategy for competitive economyYozma I:

equity investments on high growth companies (among others in Life Sciences) Created Israeli VC industry/direct investments in startups

Yozma II, III:direct investments in technology companiesrecruiting senior managersformulating business strategiesraising additional capital roundsattracting strategic and financial investors to its portfolio companies

managed more than $220 million (funds I,II,III)50 portfolio companies acquisition or an investment by leading corporations such as America On Line, Cisco, Computer Associates, ECI Telecom, General Instruments, Johnson & Johnson, Medtronic, Microsoft, Sequoia Capital and Benchmark

Sourceshttp://www.forbes.com/2009/11/10/israel-innovation-entrepreneurs-opinions-book-review-contributors-start-up-nation.htmlhttp://www.forbes.com/sites/yonicohen/2012/03/28/cleantech-investing-in-israel-the-start-up-nation/http://awsassets.panda.org/downloads/coming_clean_2012.pdfhttp://venture-capital-firms.findthebest.com/http://en.wikipedia.org/wiki/Venture_capital_in_Israelhttp://www.un.org/esa/dsd/dsd_aofw_ni/ni_pdfs/NationalReports/israel/Full_text.pdfhttp://www.yozma.com/overview/http://www.investingreece.gov.gr/files/pr_ypaan/2014_01_16_Simfonia_me_Yozma.pdfhttp://www.israelcleantech.com/http://en.wikipedia.org/wiki/Israel_Cleantech_Ventureshttp://www.science.co.il/Venture-Capital-Funds.asp http://www.boogar.com/resources/venturecapital/clean_tech.htm (green VCs in Israel)http://greensource.construction.com/news/2014/01/140117-israel-parliament-will-be-world8217s-greenest-with-roof-solar-field.asphttp://www.theepochtimes.com/n3/433408-israel-a-start-up-nation-transforming-high-tech-agriculture/http://www.theguardian.com/sustainable-business/israel-energy-sustainable-start-upshttp://www.jiis.org/.upload/outlook.pdfhttp://www.jiis.org.il/.upload/KayamutEnglish.pdf

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