1. January 29, 2013 1 January 29, 2014 Israel and the Cleantech Index iNNOVEX2014 Israel and the Cleantech Index Ohad Zuckerman UniVerve Ltd.

2. January 29, 2013 2 January 29, 2014 The Cleantech Index Investigates the global state of Cleantech innovation in entrepreneurial start-up companies Forecasts where innovative Cleantech companies will spring-up over the next decade Shows which countries are falling ahead and below the curve for Cleantech innovation

3. January 29, 2013 3 January 29, 2014 Inputs of Innovation in Cleantech General Innovation Drivers – Market and business sophistication – Percentage of population aged 18 - 64 who currently own or are setting up a new business Cleantech- specific Innovation Drivers – Supportive Government policies (tax incentives, feed-in tariffs, renewable energy mandates) – Government R&D actual expenditure on Cleantech – Number of Cleantech-focused investors and funds – Local market size – Suitable infrastructure

4. January 29, 2013 4 January 29, 2014 Outputs of Innovation in Cleantech Evidence of Emerging Cleantech Innovation – Environment-related technology patents – Amount of venture capital invested in cleantech – Number of companies in the Global Cleantech 100 list Evidence of Commercialized Cleantech Innovation – Revenue of cleantech companies – Renewable energy consumption – Number of cleantech private equity deals M&As, IPOs and listed cleantech focused corporates – Percentage of population employed in cleantech SMEs

5. January 29, 2013 5 January 29, 2014 Cleantech in Israel # 12 – General Innovation Drivers #21 – Cleantech-specific Innovation Drivers #1 – Evidence of Emerging Cleantech Innovation #14 – Evidence of commercialized Cleantech Innovation Overall score - # 2 (after Denmark, before Sweden, Finland & USA) Scope – EU27 and G20 countries Cyprus, Estonia, Latvia, Lithuania, Luxembourg, Malta, and Slovakia omitted Israel, Switzerland, and Norway added

6. January 29, 2013 6 January 29, 2014 Cleantech in Israel High capacity to produce innovative companies BUT Low ratio of local commercialization – Low government support – Scarce cleantech-focused investors – Lack of domestic market – Scarce local scale-up capital Commercialization out-side of Israel

7. January 29, 2013 7 January 29, 2014 A new financial instrument to support companies that meet the following criteria: – Developed a technology or have a license to a “Clean Technology” – Finished R&D – Need to scale-up / project financing – Nationality is not an issue – Auditors included in an approved list Go-On-Green (GOG) Fund

8. January 29, 2013 8 January 29, 2014 Not matching funding, a long-term loan − funding period and pay-back period No guarantees Loan returned subject to the project success − Pay-back schedule will be built on a case by case basis GOG Fund – cont.

9. January 29, 2013 9 January 29, 2014 Avoid corruption Be professional Global impact Multidisciplinary GOG Fund – Challenges

10. January 29, 2013 10 January 29, 2014 Israeli Government should invite other Governments 1st fund - at least USD 250 million Managed by General Partners Investment committee - multinational, professionals and business persons 3 types of loans - big, small or big projects (to be defined) – A maximum amount determined per each scale – List of criteria and a score (weight) per each one – Final amount decided according to the score Corporate Governance and Code of Conduct charters GOG Fund – cont.

11. January 29, 2013 11 January 29, 2014 Thank you Ohad Zuckerman, CEO - UniVerve Ltd. 0523-412-333, Ohad@univerve-biofuel.com www.univerve-biofuel.com