0
TRANSFERENCIA DE
TECNOLOXIA E FOMENTO DO

EMPRENDEMENTO
BIOTECNOLOGICO EN ISRAEL

© Kerentech SL

1
OFFICE OF THE ISRAEL CHIEF
SCIENTIST PROGRAMS

Generic
Technologies

Applied
Research

Magnet

Nofar

Magneton

Kamin

Pre...
GOVERNMENT INVOLVEMENT
The Technological Incubators
Program is a government response
to a market failure.

Warning!!! High...
INCUBATOR’S GOAL
Technological Incubators are today private
companies for profit
Main goal: Developing innovative
technolo...
Appropriate
facilities and
infra-structure
for R&D
Inter-tenant
synergism

Connections to
potential
customers,
partners an...
GOVERNMENT SUPPORT
• Average budget of project: $500K
– Government grant: 85% of budget
– Incubator’s investment: 15% of b...
THE INCUBATORS FRANCHISE
MODEL

• Franchise Term: 8 years with performance
based milestones

• Tender: 1 year before Franc...
INCUBATOR APPROVAL PROCESS
• License Tender Publication
• Q&A
• Application Submittal
• Applications Review
• Applications...
LICENSEE BENEFITS
• 8 Years license
• Low risk (majority of risk absorbed by the
government)
• Incentives (up to 50% share...
PROJECT CRITERIA

Innovation
&
Uniqueness

Early Stage,
High Risk

Significant
Market
Potential

IP
Protection

Leading
Te...
PROJECT APPROVAL PROCESS
Approaching
an Incubator

Incubator
Evaluation &
Approval (1%3%)

Submittal to
OCS

OCS
Evaluatio...
PROGRAM OBJECTIVES
• Primary Objective
– Creating new startup companies that would not start otherwise

• Secondary Object...
Program Milestones
• 1991: Establishment of program
• 2002: Initiating the Privatization Process
• 2005: Establishing a de...
Volume of Operation
• Incubators
– 22 Technological Incubators
– 1 Biotech Incubator
– 1 Technology based Industrial Incub...
INCUBATORS NETWORK
Gush Segev
Haifa
Nazareth
Caesarea
Netanya

Tel Aviv

Yoq’neam

Ariel

Ashdod
Jerusalem

Ashqelon

Gush...
FIELDS OF ACTIVITY |INCUBATED COMPANIES 2012
Others, 3%

ICT, 32%

Clean-Tech,
15%

Medical
Device, 42%

Bio-Pharma,
8%

1...
GOVERNMENT FUNDING VS PRIVATE INVESTMENTS | 1991 2012
Government Funding

2012

2011

2010

2009

2008

2007

2006

2005

...
HIGHLIGHTS
•
•
•
•
•
•

The incubators program is the primary “Manufacturer”
of start-ups in Israel
The incubators program...
WORLD INNOVATION CLUSTERS
London
Paris

Silicon
Valley

Skolkovo

Boston

Beijing

Israel

Bangalore

Source: MIT Technolo...
SILICON VALLEY

*

• Venture Capital : $11.2 billion
• Top Companies: Google, Apple
• Key Facts:
– 64% Foreign Workers
– 1...
BOSTON

*

• Venture Capital : $3.6 billion
• Top companies: Akamai, Genzyme
• Key facts:
– Most US biomedical funding
– 8...
TECHCITY LONDON

*

• Venture Capital: $161 million
• Top CompaniesL Techstars Last.fm
• Key facts:
– Startup initiative c...
PARIS SACLAY
• Government Funding: $3.25 billion
• Top Companies: EADS, Siemens
• Key Facts:
– Construction began in 2013
...
ISRAEL

*

• Venture Capital: $1 billion
• Top Companies: Waze, Teva
• Key facts:
– 230000 high-tech workers
– Compulsory ...
SKOLKOVO INNOVATION CITY

*

• Government funding: $2.5 billion
• Top Companies: IBM, Rusnano
• Key Facts:
– Founded in 20...
BANGALORE

*

• Venture Capital: $300 million
• Top Companies: Infosys, Wipro
• Key Facts:
– Internet users up 26% per yea...
BEIJING

*

• Venture Capital: $1.4 billion
• Top companies : Baidu, Lenovo
• Key facts:
– 70 Colleges and Universities
– ...
Bangalore

Beijing

GF(M)
$2500

VC(M)
$300

VC(M)
$1400

Waze,
Teva

IBM,
Rusnano

Infosys
Wipro

Baidu,
Lenovo

-230000
...
CONTACT
19 Ha Lamed Hey
93661 Jerusalem
Israel

Muntaner 200 atico
08036 Barcelona
Spain

info@kerentech.com
www.kerentech...
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Transferencia de tecnoloxia e fomento do emprendemento biotecnologico en israel

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Transcript of "Transferencia de tecnoloxia e fomento do emprendemento biotecnologico en israel"

  1. 1. TRANSFERENCIA DE TECNOLOXIA E FOMENTO DO EMPRENDEMENTO BIOTECNOLOGICO EN ISRAEL © Kerentech SL 1
  2. 2. OFFICE OF THE ISRAEL CHIEF SCIENTIST PROGRAMS Generic Technologies Applied Research Magnet Nofar Magneton Kamin Pre-Seed Tnufa EarlyStage Seed Technological Incubators Program Early-Stage Fund Growth R&D Fund Bi-National & Multinational Funds and agreements 2
  3. 3. GOVERNMENT INVOLVEMENT The Technological Incubators Program is a government response to a market failure. Warning!!! High Risk Too Innovative • 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 3
  4. 4. INCUBATOR’S GOAL Technological Incubators are today private companies for profit Main goal: Developing innovative technological ideas into start-ups and leading them towards first round investment. 4
  5. 5. Appropriate facilities and infra-structure for R&D Inter-tenant synergism Connections to potential customers, partners and investors Financing WHAT DOES AN INCUBATOR OFFER TO ENTREPRENEURS? Central administrative services Professional & Business guidance Management & Technical assistance 5
  6. 6. GOVERNMENT SUPPORT • Average budget of project: $500K – Government grant: 85% of budget – Incubator’s investment: 15% of budget • Payback: 3% royalties from revenue • Incubator Term: 2-3 years • Extended support to Biotech/Pharma & CleanTech projects (budget, optional 3rd year) • Extended support for projects initiated in peripheral regions • Annual Government Budget to the Program: ~$50M 6
  7. 7. THE INCUBATORS FRANCHISE MODEL • Franchise Term: 8 years with performance based milestones • Tender: 1 year before Franchise end date 7
  8. 8. INCUBATOR APPROVAL PROCESS • License Tender Publication • Q&A • Application Submittal • Applications Review • Applications Assessment • Incubators Committee Decision • Initiation 8
  9. 9. LICENSEE BENEFITS • 8 Years license • Low risk (majority of risk absorbed by the government) • Incentives (up to 50% shares in every company for a 15% investment) • Grant payback by the companies in case of success and revenue generation only • Certainty, Flexibility 9
  10. 10. PROJECT CRITERIA Innovation & Uniqueness Early Stage, High Risk Significant Market Potential IP Protection Leading Team Feasibility in meeting significant milestone 10
  11. 11. PROJECT APPROVAL PROCESS Approaching an Incubator Incubator Evaluation & Approval (1%3%) Submittal to OCS OCS Evaluation & Approval (80%) Project Initiation 11
  12. 12. PROGRAM OBJECTIVES • Primary Objective – Creating new startup companies that would not start otherwise • Secondary Objectives – – – – Transferring technology from research institutes into the industry Creating industrial R&D activity in peripheral regions Providing deal flow for the venture capital industry Creating technological entrepreneurial culture 12
  13. 13. Program Milestones • 1991: Establishment of program • 2002: Initiating the Privatization Process • 2005: Establishing a designated biotech incubator in Jerusalem • 2008: Establishing 2 technology based industrial incubators in Haifa and Arad • 2010: End of Privatization Process • 2011: Reforms in the basic models of the Incubators Program • 2012: Implementation of the tendering process for selecting new licensees 13
  14. 14. Volume of Operation • Incubators – 22 Technological Incubators – 1 Biotech Incubator – 1 Technology based Industrial Incubator • Incubated Companies – Approximately 70 – 80 new startup companies every year – ~175 startup companies operating at any given time, ~90% successfully complete the incubator term 14
  15. 15. INCUBATORS NETWORK Gush Segev Haifa Nazareth Caesarea Netanya Tel Aviv Yoq’neam Ariel Ashdod Jerusalem Ashqelon Gush Ezion Beersheba 15
  16. 16. FIELDS OF ACTIVITY |INCUBATED COMPANIES 2012 Others, 3% ICT, 32% Clean-Tech, 15% Medical Device, 42% Bio-Pharma, 8% 16
  17. 17. GOVERNMENT FUNDING VS PRIVATE INVESTMENTS | 1991 2012 Government Funding 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 3,750,000 3,500,000 3,250,000 3,000,000 2,750,000 2,500,000 2,250,000 2,000,000 1,750,000 1,500,000 1,250,000 1,000,000 750,000 500,000 250,000 0 Private Investments 17
  18. 18. HIGHLIGHTS • • • • • • The incubators program is the primary “Manufacturer” of start-ups in Israel The incubators program is the only opportunity for early-stage, high-risk innovative projects that are not yet able to raise money from the private sector The incubators program is an important source of deal-flow for the venture capital industry The incubators program is especially important in times of economic crisis The incubators program has a significant impact on the lifescience industry in Israel The incubators program has a crucial role in developing an entrepreneurship culture in Israel 18
  19. 19. WORLD INNOVATION CLUSTERS London Paris Silicon Valley Skolkovo Boston Beijing Israel Bangalore Source: MIT Technology Review 19
  20. 20. SILICON VALLEY * • Venture Capital : $11.2 billion • Top Companies: Google, Apple • Key Facts: – 64% Foreign Workers – 17 IPOs in 2012 • • • • Strong IP Protection © Good weather ☼ Liberal immigration laws m Entrepreneurial Culture A 20
  21. 21. BOSTON * • Venture Capital : $3.6 billion • Top companies: Akamai, Genzyme • Key facts: – Most US biomedical funding – 85 Colleges and Universities • • • • Strong IP Protection © Good weather ☼ Liberal immigration laws m Entrepreneurial Culture A 21
  22. 22. TECHCITY LONDON * • Venture Capital: $161 million • Top CompaniesL Techstars Last.fm • Key facts: – Startup initiative created in 2010 – 140 Technology companies – Tax breaks for private investors • • • • • Strong IP Protection © Good weather ☼ Liberal immigration laws m Entrepreneurial Culture A Government Cluster 22
  23. 23. PARIS SACLAY • Government Funding: $3.25 billion • Top Companies: EADS, Siemens • Key Facts: – Construction began in 2013 – Two-square-kilometer campus – Merging Six engineering schools • • • • • Strong IP Protection © Good weather ☼ Liberal immigration laws m Entrepreneurial Culture A Government Cluster 23
  24. 24. ISRAEL * • Venture Capital: $1 billion • Top Companies: Waze, Teva • Key facts: – 230000 high-tech workers – Compulsory military training – $25 billion in technology exports • • • • Strong IP Protection © Good weather ☼ Liberal immigration laws m Entrepreneurial Culture A 24
  25. 25. SKOLKOVO INNOVATION CITY * • Government funding: $2.5 billion • Top Companies: IBM, Rusnano • Key Facts: – Founded in 2010 – 3.64 square kilometer innovation center – University designed by MIT • • • • • Strong IP Protection © Good weather ☼ Liberal immigration laws m Entrepreneurial Culture A Government Cluster 25
  26. 26. BANGALORE * • Venture Capital: $300 million • Top Companies: Infosys, Wipro • Key Facts: – Internet users up 26% per year – $3876 per capita income ( India) – Over 10.000 local milionaires • • • • Strong IP Protection © Good weather ☼ Liberal immigration laws m Entrepreneurial Culture A 26
  27. 27. BEIJING * • Venture Capital: $1.4 billion • Top companies : Baidu, Lenovo • Key facts: – 70 Colleges and Universities – 30% of China’s Venture Funding – 14.5 million Internet users • • • • Strong IP Protection © Good weather ☼ Liberal immigration laws m Entrepreneurial Culture A 27
  28. 28. Bangalore Beijing GF(M) $2500 VC(M) $300 VC(M) $1400 Waze, Teva IBM, Rusnano Infosys Wipro Baidu, Lenovo -230000 high-tech workers -Compulsory military training -$25 billion in tech. exports -Founded 2010 -3.46 km2 campus -University designed by MIT Internet users:Δ=26% $3876 p.c. income/y Over 10000local millionaires 70 colleges and Universities 30% China VC funding 14.5M internet users Sillicon Valley Boston TechCity Paris London Saclay Israel Skolkovo VC (M) $11200 VC (M) $3600 VC (M) $161 VC(M) $1000 Google, Apple Akamai, Genzyme Techstars EADS, Last.fm Siemens -64% Foreign workers -17 IPOs in 2012 -Most US Biomed funding -85 Colleges & Universities - Startup initiative created in 2010 -140 tech Cos. -Tax breaks for private investors GF(M) $3250 Construction: 2013 - 2km2 campus - Merging 6 engineering schools Innovation City © ☼m A © ☼m A © ☼m A © ☼m A © ☼m A © ☼m A © ☼m A © ☼m A VC= Venture Capital; GF= Government Funds * 28
  29. 29. CONTACT 19 Ha Lamed Hey 93661 Jerusalem Israel Muntaner 200 atico 08036 Barcelona Spain info@kerentech.com www.kerentech.com 29
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