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Decoding the Israeli start up culture
Agenda
 What makes Israel a startup nation?



 What's in it for you?
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
MNE’s with R&D centres in Israel
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
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)
What's in it for you?
 Knowledge sharing –
    Cooperative R&D


 Finance


 Finland/Israel  Russia


 Innovation - Practice
Kiitos Paljon

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Israel Startup Nation - Decoding the Israeli start up culture

  • 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

Editor's Notes

  1. PD, Uncertainty avoidance, individualism, long term orientation and gender equality.
  2. Global Innovation Index Finland ranked 4 in the world for innovation