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Nava Swersky Sofer Innovation, Israeli Style Nava Swersky Sofer KEN Forum 2014 Building Knowledge Economy through Innovation Ecosystem: The Role of Innovation.

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Presentation on theme: "Nava Swersky Sofer Innovation, Israeli Style Nava Swersky Sofer KEN Forum 2014 Building Knowledge Economy through Innovation Ecosystem: The Role of Innovation."— Presentation transcript:

1 Nava Swersky Sofer Innovation, Israeli Style Nava Swersky Sofer KEN Forum 2014 Building Knowledge Economy through Innovation Ecosystem: The Role of Innovation Hubs Ljubljana, 25 November,

2 Israel: The Start-Up Nation 2 Nava Swersky Sofer

3 Israel Inside 3 Nava Swersky Sofer

4 Highest Venture Capital Availability Venture Capital investment per person, selected countries, 2010, US$ Source: The Economist 2012, based on National Venture Capital Association, European Private Equity & Venture Capital Association, Israel Venture Capital Research Center, UN 5,000 active tech companies 600 new companies / year US$ 2 Billion invested / year Nava Swersky Sofer 4

5 300 Multinational R&D Centres Employing 50,000 People Nava Swersky Sofer 5

6 Israel: An Innovation Powerhouse Globally Open 2 nd highest number of NASDAQ- traded companies >60 companies traded in EUEntrepreneurial 1 st in start-ups per capita 2 nd in business entrepreneurship World Class Science 1 st in quality of scientific research institutions 6 Nobel laureates Human Capital 2 nd in availability of qualified scientists & engineers Source: IMD World Competitiveness Report, World Economic Forum Competitiveness Report Nava Swersky Sofer 6

7 Highly Innovative 7

8 Hardship Breeds Innovation 8  Small  New  Isolated  No natural resources, not even water  Immigration – from 600k to 8 million in 65 years  Interdisciplinary  No strong traditions => Open to change  Strong military => training, innovative technology  International outlook  Brain power, education => innovation  Novel job creation schemes Nava Swersky Sofer

9 Smart Government Intervention 9  Office of the Chief Scientist supporting private sector innovation since 1969  Strategic decision to create military R&D capabilities  Venture industry created by government => privatised  Incubators: from job creation scheme to pillar of national innovation eco-system  Innovative industry/academia support mechanisms  Evolving policies addressing market needs, e.g.  Early stage funding  Multinationals  Strategic initiatives, e.g. nanotechnology Nava Swersky Sofer

10 Nanotechnology in Israel  Israel National Nanotechnology Initiative (INNI)  Established 2001 by Israeli government and the National Academy of Sciences  Strong representation from both industry and academia  Objectives  Promote establishment of local nanotechnology-based industry and academia-industry collaborations  Long range programme for research & technology development and world-class infrastructure  Unique tri-partite funding model: 1/3 government, 1/3 academia, 1/3 philanthropic  First centre established at Technion 2005, five others in 2007: Hebrew U, Tel Aviv U, Ben Gurion U, Bar Ilan U, Weizmann Institute  Second five-year term from 2012 after highly successful first five years Nava Swersky Sofer 10

11 Measurable Outcomes in First Six Years of Israel’s National Nanotechnology Initiative Source: INNI  830 academia-industry collaborations  860 patent submissions, of which 270 granted patents  206 companies  6 academic centres establishes  101 world-class scientist recruited as faculty members  220 junior scientists/post-docs  750 PhD students  850 MSc students  7,500 published scientific articles, of which  1,500 articles resulting from industry-academia collaboration  $300 million investment by government & universities Nava Swersky Sofer

12 The Next Five Years – Focal Technology Areas Nava Swersky Sofer 12

13  World pioneer in tech transfer since 1959  Two of world’s top tech transfer companies  Yeda, Weizmann Institute of Science ( est.1959)  Yissum, Hebrew University of Jerusalem (est.1964)  >$22 Billion in licensed product sales per annum  >$500 Million in tech transfer revenues annually  Hundreds of spin-off companies  Many success stories  Copaxone®, Exelon™, Erbitux®, Azilect™, Doxil™, Rebif®, Cherry tomatoes, peppers, NDS Ltd. encryption algorithm, MobilEye driver assistance system… Successful Academic Commercialization Source: ITTN, Israeli Central Bureau of Statistics Aug 2014 Nava Swersky Sofer 13

14 Tech Transfer in Israel, UK, US & Japan 2012 FiguresIsraelUKUSAJapan Invention disclosures 5284,30023,7418,949 Patent applications 4311,94214,2246,962 License agreements 1,0564,3005,1308,808 Spin-off companies IP-related revenues ($M) , Source: Israeli Central Bureau of Statistics Aug 2014 Nava Swersky Sofer 14

15 Comparative Indicators Israel, UK, US, Japan – normalized by R&D Expenditure 2012 FiguresIsraelUKUSAJapan R&D expenditure in higher education ($M PPP) 1,22410,36162,72320,336 Invention disclosures Patent applications License agreements Spin-off companies IP-related revenues ($M) Source: Israeli Central Bureau of Statistics Aug 2014 Nava Swersky Sofer 15

16 The Israeli Tech Transfer Model  Company, not office  Wholly-owned subsidiary with business focus & operational independence  Professional team with relevant industry experience  Business leaders on boards  Balance academic viewpoint  Clear IP ownership… … with generous revenue sharing (40-60%)  One-stop-shop for industry – leverage relationship  Licensing  R&D collaborations  Sponsored research  Sometimes consulting  Focused on royalties 16 Nava Swersky Sofer

17 The Innovation Recipe 17 Culture Environ- ment Infra- structure Nava Swersky Sofer

18 Infrastructure 18  Education  Innovative research  Smart funding  Management  Facilitiess  IP system Infra- structure Nava Swersky Sofer

19 Environment 19  Regulation  Market access  Tax credits  Institutional investment Environ- ment Nava Swersky Sofer

20 Culture 20  Breaking old habits  Encouraging entrepreneurship  Learning to embrace failure. It’s part of the package Culture Nava Swersky Sofer

21 The Innovation Recipe 21  Make best use of available assets  Research  Facilities  Funding  Supportive environment  Focus on areas of strength  Import best practices  Fine tune for local needs  Culture change takes time Nava Swersky Sofer

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23 Thank you for your attention 23 Nava Swersky Sofer


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