The Wealth of Innovation   December 2008 Israel Life Science Industry
<ul><li>Mission </li></ul><ul><li>Promote Trade, Joint Ventures and Strategic Alliances between overseas and Israeli Compa...
Israel and Neighbours   Necessity is the Mother of Invention s
Israel at a Glance  <ul><li>Area: 21,000 km 2 </li></ul><ul><li>Population: 7 Million </li></ul><ul><li>GDP/Capita:   $22,...
Global Competitiveness Israel 2007 - 2008 <ul><li>In the global competitiveness index Israel is ranked 17/131 </li></ul><u...
from  Creation to  Creativity   Israel Life Science Industry
Science  &  Novelty Nobel Prize Winners Prof. Avram Hershko & Prof. Aaron Ciechanover Winner of the 2004 Nobel Prize in Ch...
The Industry Drivers <ul><li>Technology Transfer Organizations </li></ul><ul><li>Commercialized defense technology </li></...
Well of Novelty   Creative fusion between academia and business 69 - 75 Basic Research 75 - 87 Clinical Trials 87 - 96 Tev...
Fountain of Innovation and they shall beat their swords into plowshares… Given Imaging Galil Medical Remon Medical MTC Ind...
Spring of Creativity   Early adopters physician <ul><li>Healthcare expenditure 2008 </li></ul><ul><ul><li>7.5% of the GDP,...
Culture <ul><li>Strong Entrepreneurial Spirit. </li></ul><ul><li>Improvisation - Risk taking attitude. </li></ul><ul><li>M...
Private VC Industry 1992 1 Government Fund $100 Million 2008 ~ 80 Private VC Funds $10 Billion Pontifax Arte Aurum InnoMed
Highly Skilled Workforce <ul><li>34% of the population holds university degrees. </li></ul><ul><li>24% of the working forc...
Institutional Incentives <ul><li>Chief Scientists grants </li></ul><ul><li>R&D Consortiums </li></ul><ul><li>Technology in...
Business Card Israel Life Science Industry
Life Science Industry    Definition <ul><li>Medical Devices </li></ul><ul><li>Pharmaceuticals </li></ul><ul><li>Biotechnol...
Life Science Industry <ul><li>Fast Growing Industry: </li></ul><ul><li>1996 By 2008 </li></ul><ul><li>186 companies  over ...
Fast Growing Industry Young,  Creative, & Innovative  Industry Source :  IVC
Medical Devices Ranked 2 nd  for its Medical  Devices Solutions TopSpin  Medical Intravascular MRI Insightec MRI Guided no...
Molecules - Bio & Pharma A World Leader in Research Smart Biotech Time traveling: up-to 2 years in 5 days BiondVax Multi-s...
Healthcare IT Leading in Implementations Over 95% of MD’s use IT in daily practice. “ Israel is among the world leaders in...
Wealth of Clusters Israel Life Science Industry
Drug Delivery & Targeting Rejuvenate Expired Molecule 200 atmospheres  40,000 g of acceleration NanoCyte Leveraging nature...
Other Clusters A Short List <ul><li>Home Care </li></ul><ul><li>Rehabilitation </li></ul><ul><li>Monitoring </li></ul><ul>...
Bringing Innovation Around the World Israel Life Science Industry
International Presence With Equity Position
Mark the Date Meet the Industry www.kenes.com/biomed
Knowledgebase Portal Intuitive Map & Smart Search www.export.gov.il/ls
Israel The Promised Land 15 May 1948 680,000 2008 7,280,000
Thanks Choose Israel Let us do the rest David Furst Life Sciences Director [email_address] www.export.gov.il/LS
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Israels' Life Science Industry The Wealth of Innovation

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  • Israels' Life Science Industry The Wealth of Innovation

    1. 1. The Wealth of Innovation December 2008 Israel Life Science Industry
    2. 2. <ul><li>Mission </li></ul><ul><li>Promote Trade, Joint Ventures and Strategic Alliances between overseas and Israeli Companies. </li></ul><ul><li>Endorse the integration of Israeli companies into the global market. </li></ul><ul><li>Goal </li></ul><ul><li>Facilitate Business Opportunities </li></ul>The IEICI Your Link to the Industry
    3. 3. Israel and Neighbours Necessity is the Mother of Invention s
    4. 4. Israel at a Glance <ul><li>Area: 21,000 km 2 </li></ul><ul><li>Population: 7 Million </li></ul><ul><li>GDP/Capita: $22,560 (25,870 PPP) </li></ul><ul><li>Total Export: $70.7 Billion (12.2%) </li></ul><ul><li>Export of Goods: $49.4 Billion (13%) </li></ul><ul><li>5 years average Inflation rate: ~2.2% </li></ul><ul><li>Penetration [House hold]: </li></ul><ul><ul><li>Mobile - 98% </li></ul></ul><ul><ul><li>Fast Internet - 72% [39 H/week] </li></ul></ul>
    5. 5. Global Competitiveness Israel 2007 - 2008 <ul><li>In the global competitiveness index Israel is ranked 17/131 </li></ul><ul><li>Notable Advantages Rank </li></ul><ul><li>Quality of scientific research institutions 3 </li></ul><ul><li>Availability of latest technologies 3 </li></ul><ul><li>Utility patents 3 </li></ul><ul><li>Venture capital availability 5 </li></ul>Source : World Economic Forum (2007-2008)
    6. 6. from Creation to Creativity Israel Life Science Industry
    7. 7. Science & Novelty Nobel Prize Winners Prof. Avram Hershko & Prof. Aaron Ciechanover Winner of the 2004 Nobel Prize in Chemistry Total of 8 Nobel Prize winners in Economy (2005, 2002), Literature (1966) and in Peace.
    8. 8. The Industry Drivers <ul><li>Technology Transfer Organizations </li></ul><ul><li>Commercialized defense technology </li></ul><ul><li>Healthcare system </li></ul><ul><li>Strong entrepreneurial spirit </li></ul><ul><li>Powerful VC community </li></ul><ul><li>Highly skilled workforce </li></ul><ul><li>Institutional incentives </li></ul>
    9. 9. Well of Novelty Creative fusion between academia and business 69 - 75 Basic Research 75 - 87 Clinical Trials 87 - 96 Teva Licensing 1996 - FDA Approval
    10. 10. Fountain of Innovation and they shall beat their swords into plowshares… Given Imaging Galil Medical Remon Medical MTC Industries
    11. 11. Spring of Creativity Early adopters physician <ul><li>Healthcare expenditure 2008 </li></ul><ul><ul><li>7.5% of the GDP, (1,898$ per capita) </li></ul></ul><ul><li>3.9 Physicians per 1000 </li></ul><ul><ul><li>44 general hospitals (373 hospitals), 42,100 beds </li></ul></ul><ul><ul><li>28,600 physicians and 29,500 nurses. </li></ul></ul><ul><ul><li>About 300 MDs graduate from Israeli universities each year </li></ul></ul>Sources: Economist Intelligence Unit.
    12. 12. Culture <ul><li>Strong Entrepreneurial Spirit. </li></ul><ul><li>Improvisation - Risk taking attitude. </li></ul><ul><li>Military service based - Intense social networking. </li></ul><ul><ul><li>Convergence - Different socio-economy background </li></ul></ul><ul><ul><li>Informality - Easy access to decision makers. </li></ul></ul><ul><li>Extensive new immigrants - Multicultural environment. </li></ul>Medinol Gregory Pinchasik
    13. 13. Private VC Industry 1992 1 Government Fund $100 Million 2008 ~ 80 Private VC Funds $10 Billion Pontifax Arte Aurum InnoMed
    14. 14. Highly Skilled Workforce <ul><li>34% of the population holds university degrees. </li></ul><ul><li>24% of the working force (3 rd after the US and Holland). </li></ul><ul><li>12% holds advanced degree </li></ul><ul><li>40% of the 90’s immigrants hold academic degree. </li></ul>
    15. 15. Institutional Incentives <ul><li>Chief Scientists grants </li></ul><ul><li>R&D Consortiums </li></ul><ul><li>Technology incubators </li></ul><ul><li>Bi-National funds </li></ul><ul><li>Federal grants (NIH) </li></ul><ul><li>EU Framework </li></ul><ul><li>Marketing Grants </li></ul>Expenditure of civilian R&D In Israel & OECD countries (% of GDP)
    16. 16. Business Card Israel Life Science Industry
    17. 17. Life Science Industry Definition <ul><li>Medical Devices </li></ul><ul><li>Pharmaceuticals </li></ul><ul><li>Biotechnology </li></ul><ul><li>Healthcare IT </li></ul><ul><li>Healthcare Services </li></ul>
    18. 18. Life Science Industry <ul><li>Fast Growing Industry: </li></ul><ul><li>1996 By 2008 </li></ul><ul><li>186 companies over 1200 companies </li></ul><ul><li>70-80 new companies being formed each year </li></ul><ul><li>41% of Life Science companies were incepted in the last 5 years </li></ul><ul><li>28% of Life Science companies generate revenues </li></ul><ul><li>41% of Life Science revenue growth (H1) in 2008 </li></ul>
    19. 19. Fast Growing Industry Young, Creative, & Innovative Industry Source : IVC
    20. 20. Medical Devices Ranked 2 nd for its Medical Devices Solutions TopSpin Medical Intravascular MRI Insightec MRI Guided non-invasive surgical procedure X Sirius IS Perpetumobila
    21. 21. Molecules - Bio & Pharma A World Leader in Research Smart Biotech Time traveling: up-to 2 years in 5 days BiondVax Multi-season/multi-strain Flu vaccine Protalix [AMEX: PLX] Plant cell-based recombinant protein expression technology
    22. 22. Healthcare IT Leading in Implementations Over 95% of MD’s use IT in daily practice. “ Israel is among the world leaders in the usage of Information Technology (IT) in Healthcare” (Gartner)
    23. 23. Wealth of Clusters Israel Life Science Industry
    24. 24. Drug Delivery & Targeting Rejuvenate Expired Molecule 200 atmospheres 40,000 g of acceleration NanoCyte Leveraging nature toward Human care X Accordion Pill ™ IntecPharma Controlled release of drugs X
    25. 25. Other Clusters A Short List <ul><li>Home Care </li></ul><ul><li>Rehabilitation </li></ul><ul><li>Monitoring </li></ul><ul><li>Imaging </li></ul><ul><li>Diagnostics </li></ul><ul><li>EMS </li></ul><ul><li>Cell Therapy </li></ul><ul><li>Wound Care </li></ul><ul><li>Hospital Equipment </li></ul><ul><li>Ambulatory Solutions </li></ul><ul><li>Cardiovascular (Dev) </li></ul><ul><li>MIS </li></ul><ul><li>Dental </li></ul><ul><li>Oncology (Bio) </li></ul><ul><li>Nutraceuticals </li></ul>
    26. 26. Bringing Innovation Around the World Israel Life Science Industry
    27. 27. International Presence With Equity Position
    28. 28. Mark the Date Meet the Industry www.kenes.com/biomed
    29. 29. Knowledgebase Portal Intuitive Map & Smart Search www.export.gov.il/ls
    30. 30. Israel The Promised Land 15 May 1948 680,000 2008 7,280,000
    31. 31. Thanks Choose Israel Let us do the rest David Furst Life Sciences Director [email_address] www.export.gov.il/LS

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