Shlomo Kalish of Jerusalem Global Ventures explains how innovation continues to help the Israeli economy grow.

1. March 2016

2. Disclaimer
2
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3. Israel, a strong
economy
powered by
innovation
3

4. Israel grew even as global economies contracted
4
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
2007 2008 2009 2010 2011 2012 2013 2014
Global financial
crisis
% GDP growth
Sources: OECD Data, Trading Economics
OECD
Israel

5. Israel is one of the healthiest free-market
economies
5
3.0%
4.8%
5.1%
5.4%
5.5%
6.0%
6.8%
6.9%
10.4%
12.3%
Japan
Germany
Israel
US
UK
Australia
Canada
OECD
France
Italy
41%
68%
75%
87%
89%
92%
95%
103%
132%
230%
China
Israel
German
y
Canada
UK
Euro
Area
France
US
Italy
Japan
UNEMPLOYMENT (% of
workforce)
DEBT (% of GDP)
Sources: OECD Data, Trading Economics

6. A global innovation leader
6
• Highest # of startups / capita
• #3 NASDAQ listings after US, China
• Scientific institutions ranked #3
• #2 in space science
• One of 10 countries capable of satellite launch
• Highest # of scientific papers / capita

7. The source of some of the most ubiquitous
technologies
7
Firewall Voicemail
Crowd-
sourced
navigation
Visual
driver
assistance
Drip
irrigation
Gesture
recognition
Instant
messaging
USB flash
drive
Pill
camera

8. 350+ R&D centers of major global corporations
8
Pentium
4,
Centrino
Instant
search

9. Limited natural
resources
“Island” with few open
land borders
Nation built by
immigrants from nothing
in 50 years
Former USSR scientist
influx in the 1990s
IDF: critical projects with
tight budgets/deadlines
Supportive government
programs
How Israel became a major innovator and
technology exporter with an international mindset
9

10. Israel, a
compelling
venture market
10

11. VC investors signal strong confidence in Israel
11
2.4
2.7
3.0
3.2
3.3
3.5
3.5
3.6
3.9
4.2
Mexico
Brazil
Japan
Australia
India
UK
China
Canada
Israel
US
On a scale
of
1-5,
what is your
confidence
level in
each
country?
Source: Deloitte and NVCA 2015 Global Venture Capital Confidence Survey (208 VC and PE investors interviewed)

12. Capital outflows exceed inflows, significantly
12
1.6 1.8 2.1
1.1 1.3
2.1 1.9
2.3
3.4 3.2
10.8
4.4
2.7 2.7 2.6
5.4
9.8
6.7
7.8
9.0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Source: IVC
Raise
Exit
$b

13. Increase in growth deals: maturity of the local
market
13
$0
$200
$400
$600
$800
$1,000
$1,200
$20m+
<$5m
$5-10m
$10-
20m
Capital raised by deal size, $m
As part of a sea
change in the local
market, companies
are raising much
larger rounds in
order to build large,
standalone
businesses
Source: IVC

14. And much larger exits as a result!
14
6.9
0.5
6.4
2.8 1.6
2.7
$0
$2
$4
$6
$8
$10
$12
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
>$500m
exits
Annual exit proceeds from M&A, $b
Source: IVC

15. Thank you