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Israel
Innovation eco system
Shay Feiler
First Secretary, Economic Attaché
Embassy of Israel, Seoul
Today’s menu
Israel & Korea Complementary Economies
Israel innovation eco system
Israel: Country ID
Area: 22,000km2
Population: 8 millionGDP Per Capita: US$ $36,200Main Cities: Jerusalem, Tel Aviv, Be’er Sheva, Haifa
Same:
Scarcity of natural resources
Island nations
Major defense challenges
Small local markets
Shattered economies at early
days
Major economic recovery from
the 1960’s onwards
Different:
Export oriented; hardware vs.
software
Dependency of SME’s on local
LE’s vs. global orientation
Map: Google Earth
Israel & Korea ; Same, but Different
Israeli Human Capital
Highest ratio of engineers per capita
(120/10,000)
3RD to USA and China in listed
companies in Nasdaq
12 Nobel Laureates since 1948 (6 in the last decade alone,
2 in economics and 4 in chemistry)
Scarcity of natural resourcesbut great people
Israel’s Competitive Edge – IMD World Report 2013
Source: IMD World Competitiveness Yearbook 2013
Israel Ranks 19th Most Competitive Economy Globally
4th3rd2nd1stCountry Rank
JapanFinlandKoreaIsraelBUSINESS EXPENDITURE ON R&D
( % GDP)
SwedenKoreaFinlandIsraelTOTAL EXPENDITURE ON R&D
( % GDP)
GermanySwitzerlandUSAIsraelINNOVATIVE CAPACITY
LithuaniaTaiwanIsraelPolandENTREPRENEURSHIP
USASwedenSwitzerlandIsraelSCIENTIFIC RESEARCH
SwedenUSASwitzerlandIsraelKNOWLEDGE TRANSFER
R&D and Innovation Israel strong points
Silicon Wadi
A new breakthrough every 8 hours
Israel entrepreneurship eco-system
Global
Hi-tech
Companies
Availability of
Technical
People &
Management
Expertise
Existing
Technology
Infrastructure
Experienced
entrepreneurs
Foreign
Technology
Firms
Incubators
Defense
R&D
Leading
Academic
Institutions
- TTO’s
Seasoned VC Community
Government Support
Entrepreneurial
Culture
Immigration
“Soft” Infrastructure
“Solid” Infrastructure
Government supportIncubators
The Technological Incubators Program is a
government response to a market failure.
Market Failure
– Early stage, high risk, innovative technological companies, can not raise money from the private sector
Government Response
– Bridging the gap through the Technological Incubators Program
• Smart Money – International cooperation
• 51 International programs
• Korea – Israel Industrial R&D Foundation
Government supportInternational cooperation
Academic Institutes TTO’s
• Tech Transfer since 1959
• At all 7 universities & many research institutions, hospitals &
Healthcare services have their own TTO’s.
• Yeda (Weizmann Institute) - one of the wealthiest in the world
• Yissum (Hebrew University) 15th in the world
M&A activates
$475M
$480M
$375M
$800M
$480M
2013 M&A highlightsNumber of M&As
70
92
69
80
2010 2011 2012 2013
Global interest in Israeli technology is reflected in the large number of M&As involving Israeli companies.
$1,000M
International development hub
250 of the world’s leading corporations have opened development centers in Israel.
Google Israel
Google Israel is a hotbed of innovation, developing core Google infrastructure, as well as products and applications used by millions around the world.
2R&D centers
5Acquisitions
450Employees
$500MAnnual
revenue
Xinvestments
• Many of Google’s key innovations were developed in Israel such as Google Trends, Live Results, Google Instant, Google Suggest and In-Page Analytics.
• One of the three worldwide campuses hosting Google for Entrepreneurs located in Tel Aviv.
• WAZE, a former Israeli start up, has become the corner stone of Google’s navigation and geo-location products and strategy.
"The decision to
invest in Israel
was one of the
best that Google
has ever made."Eric SchmidtGoogle’s Executive Chairman
Started in
2006 with
R&D center
HealthIndustry
Agriculture &
FoodWater
Technologies
IndustrialTechnology
Renewable Energies
HLS & Cyber Security
Internet &
NewMediaIT Telecom
Israel main sectors
How can we help you?
• International events
MWC 2014– more than 60 B2B meeting with Korean partners
Watec 2015 Israel
• Market research on Israel
• Business delegations to Israel and to Korea
Israel Korea Cyber Security delegation Nov 2014
• R&D partners by Korea Israel Industrial R&D Fund
• Scouting project – finding the right partner for you
Israel Economic & Trade Office
Thank You / 감사합니다 תודה /
Shay Feiler
First Secretary, Economic Attaché
Embassy of Israel, Seoul
