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

January 29, 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

January 29, January 29, 2014 Inputs of Innovation in Cleantech General Innovation Drivers – Market and business sophistication – Percentage of population aged 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

January 29, 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

January 29, 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

January 29, 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

January 29, 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

January 29, 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.

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

January 29, 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.

January 29, January 29, 2014 Thank you Ohad Zuckerman, CEO - UniVerve Ltd ,