Sharing experience 0511pres

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Sharing experience 0511pres

  1. 1. Technological Incubators Sharing the Israeli Experience By Rina PridorFounder & former General Director May 2011
  2. 2. Incubator ?• A special environment for the creation or development of a fragile, premature creature, helping it to mature enough to survive and become strong and healthy. *Incubators for pre-mature babies, eggs or chicks *Green Houses for plants *Business Incubators
  3. 3. The Israeli Incubators Program• Established in 1991• A Governmental initiative• Adjusting an existing concept to local needs• Taking advantage of local capabilities
  4. 4. Israeli Characteristics* Technology, * Innovation,* Research & Development,*Preliminary phase,*Fully financed by Incubator,*$ 500,000 to $ 750,000,* 85% Government - 15% Privet*Limited incubation term: 2 to 3 Years
  5. 5. Israeli Characteristics cont.*Incubator’s involvement, discipline responsibility*Incentives to Incubators’ owners for investingfinancial & strategic resources In the projects*The Government Is not a business partner.*Long run vision, patience.*Accepting failure
  6. 6. Additional goals• Entrepreneurial culture• New Technologies• Strengthening weak regions and communities• Encouraging preferred technologies• Repatriation of professionals• Collaboration between Academia and Industry
  7. 7. Government Investments VS. Private Funds Raised in Incubator Companies 1991 - 2008 Thousand Dollars 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 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008Cumulat ive Government Invesment s 5,100 21,600 44,980 68,560 99,560 130,660 162,160 192,760 222,591 254,158 286,308 313,440 339,460 364,673 396,126 428,915 461,760 509,389Cumulat ive Privat e Funds 0 100 7,950 19,045 52,026 90,580 152,652 248,390 333,921 637,635 757,080 842,126 922,824 1,115,355 1,294,832 1,723,916 2,162,940 2,509,667

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