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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 Hubs Ljubljana, 25 November, 2014 1
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Israel: The Start-Up Nation 2 Nava Swersky Sofer
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Israel Inside 3 Nava Swersky Sofer
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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
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300 Multinational R&D Centres Employing 50,000 People Nava Swersky Sofer 5
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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
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Highly Innovative 7
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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
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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
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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
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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
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The Next Five Years – Focal Technology Areas Nava Swersky Sofer 12
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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 >$500 Million in tech transfer revenues annually Hundreds of spin-off companies Many success stories Copaxone®, Exelon™, Erbitux®, Azilect™, Doxil™, Rebif®, Cherry tomatoes, peppers, NDS Ltd. encryption algorithm, MobilEye driver assistance system… Successful Academic Commercialization Source: ITTN, Israeli Central Bureau of Statistics Aug 2014 Nava Swersky Sofer 13
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Tech Transfer in Israel, UK, US & Japan 2012 FiguresIsraelUKUSAJapan Invention disclosures 5284,30023,7418,949 Patent applications 4311,94214,2246,962 License agreements 1,0564,3005,1308,808 Spin-off companies 2919170554 IP-related revenues ($M) 4811112,600410 Source: Israeli Central Bureau of Statistics Aug 2014 Nava Swersky Sofer 14
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Comparative Indicators Israel, UK, US, Japan – normalized by R&D Expenditure 2012 FiguresIsraelUKUSAJapan R&D expenditure in higher education ($M PPP) 1,22410,36162,72320,336 Invention disclosures0.430.420.380.44 Patent applications0.350.190.230.34 License agreements0.860.420.080.43 Spin-off companies0.020.0180.010.003 IP-related revenues ($M)0.390.010.040.02 Source: Israeli Central Bureau of Statistics Aug 2014 Nava Swersky Sofer 15
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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
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The Innovation Recipe 17 Culture Environ- ment Infra- structure Nava Swersky Sofer
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Infrastructure 18 Education Innovative research Smart funding Management Facilitiess IP system Infra- structure Nava Swersky Sofer
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Environment 19 Regulation Market access Tax credits Institutional investment Environ- ment Nava Swersky Sofer
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Culture 20 Breaking old habits Encouraging entrepreneurship Learning to embrace failure. It’s part of the package Culture Nava Swersky Sofer
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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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Thank you for your attention nava@swersky.com 23 Nava Swersky Sofer
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