Finland - Israel Business Seminar 3.9.2012

1. Decoding the Israeli start up culture

2. Agenda
 What makes Israel a startup nation?
 What's in it for you?

3. Israel VC industry – Facts and Figures
 70 Israeli and 220 international active VCFs (Tech)
 2011, Israeli high-tech companies attracted $2.14billion
 2011, Israel led the world in venture capital invested
per capita, OECD 2011
 Highest startup/population ratio in the world
 Israel has more companies listed on the NASDAQ
stock exchange than any country.
 50% of the world leading technology companies have
R&D centres in Israel

4. MNE’s with R&D centres in Israel

5. Israel’s startup ecosystem
Supportive
Experienced Government Corporate
Entrepreneurs' Spinoff/R&D
Research
Vibrant VC Startup Institutions/
Industry
Ecosystem Incubators
Defence
Technology Academic
Spill Over Innovative Institutions
Entrepreneurial
Culture

6. Israeli Entrepreneurial Culture
 Compulsory army service
 Uncertainty
 Social skills
 Leadership and management skills
 Constructive failure
 Supportive incorporation / liquidation legislation
 Informal business culture
 Power distance (Hofstede)

7. What's in it for you?
 Knowledge sharing –
 Cooperative R&D
 Finance
 Finland/Israel  Russia
 Innovation - Practice