nava swersky sofer innovation, israeli style nava swersky sofer ken forum 2014 building knowledge...
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Nava Swersky Sofer
Innovation, Israeli Style
Nava Swersky Sofer
KEN Forum 2014Building Knowledge Economy through Innovation Ecosystem: The Role of Innovation HubsLjubljana, 25 November, 2014
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Israel: The Start-Up Nation
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Israel Inside
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Highest Venture Capital AvailabilityVenture 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
Israel
United States
Norway
Sweden
Switzerland
Finland
Denmark
France
Britain
Ireland
Netherlands
Belgium
Austria
0 25 50 75 100 125 150 175
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300 Multinational R&D Centres Employing 50,000 People
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Israel: An Innovation Powerhouse
Globally Open2nd highest number of
NASDAQ-traded companies>60 companies traded in EU
Entrepreneurial1st in start-ups per capita
2nd in business entrepreneurship
World Class Science1st in quality of scientific
research institutions6 Nobel laureates
Human Capital2nd in availability of qualified
scientists & engineers
Source: IMD World Competitiveness Report, World Economic Forum Competitiveness Report
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Highly Innovative
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Hardship Breeds Innovation
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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
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Smart Government Intervention
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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
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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
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Measurable Outcomes in First Six Yearsof 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
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The Next Five Years – Focal Technology Areas
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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 >$500 Million in tech transfer revenues annually Hundreds of spin-off companies Many success stories
Copaxone®, Exelon™, Erbitux®, Azilect™, Doxil™, Rebif®, Cherry tomatoes, peppers, NDS Ltd. encryption algorithm, MobilEye driver assistance system…
Successful Academic Commercialization
Source: ITTN, Israeli Central Bureau of Statistics Aug 2014
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Tech Transfer in Israel, UK, US & Japan
2012 Figures
Israel UK USA Japan
Invention disclosures
528 4,300 23,741 8,949
Patent applications
431 1,942 14,224 6,962
License agreements
1,056 4,300 5,130 8,808
Spin-off companies
29 191 705 54
IP-related revenues ($M)
481 111 2,600 410
Source: Israeli Central Bureau of Statistics Aug 2014
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Comparative Indicators Israel, UK, US, Japan – normalized by R&D Expenditure
2012 Figures Israel UK USA Japan
R&D expenditure in higher education ($M PPP)
1,224 10,361 62,723 20,336
Invention disclosures 0.43 0.42 0.38 0.44
Patent applications 0.35 0.19 0.23 0.34
License agreements 0.86 0.42 0.08 0.43
Spin-off companies 0.02 0.018 0.01 0.003
IP-related revenues ($M)
0.39 0.01 0.04 0.02
Source: Israeli Central Bureau of Statistics Aug 2014
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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
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The Innovation Recipe
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Culture
Environ-ment
Infra- structur
e
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Infrastructure
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Education Innovative researchSmart fundingManagementFacilitiess IP system
Infra- structur
e
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Environment
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RegulationMarket accessTax credits Institutional investment
Environ-ment
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Culture
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Breaking old habitsEncouraging entrepreneurshipLearning to embrace failure. It’s part of the package
Culture
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The Innovation Recipe
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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
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Thank you for your attention
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