Transcript What can be learnt from the Israel experience

What can be learned from the
Israel experience?
Natalie Gutman Chen
Commercial Attache
Trade & Economic Mission of Israel in Milano
Embassy of Israel
Why should we?
GDP Growth
Since 2004, Israel’s growth rate has exceeded the average growth rate of
advanced economies.
In 2009, as most of the world experienced a decline in GDP, Israel experienced
a 1.1% growth in it’s GDP.
Source: CBS, OECD Stat
3
Unemployment Rate
Latest available data
Additional Sources: OECD
4
Israel has a leading global position
in research and innovation
Quality of Scientific Research
Israel
Level of innovation
Source: World economic forum, 2011
2
“Israel is the leading, largest and most promising investment hub
outside the United States,”
(Warren E. Buffett, Feb. 2013)
“The range of innovative things that Israel is doing is remarkable.
There is such a wide scope of exciting things going on here. Israel is a
start-up center, and there is always something to challenge us here, or
one that we can acquire.”
(Steve Ballmer, Microsoft CEO November 2012)
"It's no exaggeration to say that the kind of innovation going on in
Israel is critical to the future of the technology business"
(Bill Gates, 2005)
1# Necessity is the mother of all
inventions
Netafim - Drip (low volume) irrigation
Given Imaging - Ingestible video camera
M System’s Disk On Key and Disk On Chip flash memory
AOL - Instant Messenger ICQ
Waze - Community-based GPS traffic and navigation app
Wix - Flash website platform
PrimeSense - 3D sensing technology for Kinect
Argo - Technology with motorized legs that power knee and hip
movement
Powermat – Wireless energy transfer
Aqwize - Wastewater treatment solutions
TaKaDu - Monitoring water networks
Ormat - Geothermal energy and residual heat
2# Support Innovation
Civilian R&D as % of GDP, 2011
5
4.4
4
3.8
3

1st in R&D expenditure as % of GDP*

1st in quality of scientific research institutions**

1st for entrepreneurship being widespread amongst its
managers*

2nd in public expenditure on education*

8th in venture capital availability**

5th in PCT patents applications per million population**

6th for strength of investor protection**

6 Israelis in the last 10 years have been awarded Nobel Prizes
2.8
2.3
2.0
2
1.9
1.8
1.8
1.7
1.7
1.6
1.3
1.3
1
Italy
Spain
Norway
Ireland
Canada
United Kingdom
Czech Rep.
Belgium
France
Germany
Finland
Israel
EU27
in the fields of Economics or Chemistry
0
10
Source: OECD. * International Institute for Management Development (IMD) Global Competitiveness Yearbook 2011. ** World Economic Forum (WEF)
Global Competitiveness Report 2013-2014.
Government R&D Support Programs
Pre-Seed
Generic R&D Competitive R&D
Tnufa
Magnet
Technological
Incubators
Magneton
Kamin
Nofar
Long-Range
R&D
Industrial
R&D
Seed Fund
Cooperative R&D
International
Bi-national Funds
Applied Academic
Research
Bi-national Agreements
ISERD
Horizon
2020
Basic R&D
EUREKA
Galileo
Global Enterprises
R&D Cooperation
Market
Proximity
3# Eco System
4# Think Global
Bilateral R&D Agreements
BIRDF - with USA
CIIRDF - with Canada
North America
New York
Maryland
Virginia
Wisconsin
Colorado
Massachusetts
Oregon
Ontario
10
South America
Argentina
Uruguay
Brazil
Europe
Italy
Trento (Italy)
France
Russia
Germany
Greece
Denmark
Hungary
Turkey
Portugal
Finland
Sweden
Czech Republic
Netherlands
Lithuania
Slovenia
Cyprus
Bulgaria
SIIRD-with Singapore
KORIL-RDF - With S. Korea
Asia
India
China
Jiangsu Province
Shanghai
Shenzhen
Australia
Victoria
32 Multinational Agreements from all over the world:
11
Israel’s Free Trade
1985
1992
Agreements
QIZ Agreements
USA
EFTA
2013
1998
Jordan
2004
Egypt
Colombia*
1997
Turkey
1997
Canada
1999
Mexico
2000
European Union (Association Agreement)
2007
MERCOSUR
* Yet to be ratified
16
5# Flexible work environment
•
•
•
•
•
Young & varied population
Less hierarchy
Flexibility of the employment market
Promote and reward Independent thinking
Be digital- 8.6% out of the employees in Israel works in
the ICT sector (2nd in OECD).
6# Take risks, don’t be afraid to fail…
Every year around 600-700 new companies
are being established in Israel and ~350
are being closed down.
What can we do
together?
• R&D Cooperation (academic and industrial)
• Industrial cooperation answering needs of foreign
markets
• Share experience and best practices:
Telemedicine solutions to provide better
service and cut costs in health expenditures.
- Tel Aviv just won the prize of World Smart Cities
Award in the annual Smart City Expo World
Congress in Barcelona for its Digi-Tel platform
Thank you!
Let’s keep in touch
[email protected]