Entrepreneurship & Academia In The Start-Up Nation by Nava Swersky Sofer

Entrepreneurship & Academia In The Start-Up Nation

Nava Swersky Sofer, Adv.Managing Director IDCBeyond

PwC / U of Cyprus, Nicosia 30 November, 2016

Nava Swersky Sofer, Adv.o Managing Director, IDCBeyondo Board of Directors, IMI Systems (Israel Military Industries - Taas) o Selected public boards – INSME (Rome), KEN (Brussels), ICA (Toronto)o Former President & CEO, Yissum – Hebrew University Technology Transfer o Venture Capital

o Partner, Concord Ventureso Founder & Managing Director, Columbine Ventureso Partner, Sanderling Ventures (Silicon Valley)

o Vice President, Novartis (Switzerland & US) o Selected exits: X Technologies (sold to Guidant), Optonol (sold to Alcon), Dynavax (NASDQ: DVAX), Novagali (floated on Euronext, then sold to Santen), BioCancell & Proteologics (TASE), Aderis Pharmaceuticals (sold to Schwarz Pharma / UCB)

Israel: The Start-Up Nation

Israel Inside

icq

2015 :US$ 10.7 Billion in Exits o $7.2 Billion in 62 M&A dealso $3.5 Billion in 8 IPOs, mostly on NASDAQo $153 mil average deal sizeo Sectors

o Semiconductorso IT & enterprise softwareo Life scienceso Interneto Communicationo Cleantech

Source: PwC Israel 2015 Hi-Tech Exit Report 2016

Record $4.43B Invested in 708 Co’s

Source: IVC Research Center & KPMG, Jan 2016

30% above 2014’s previous record $1.2B raised in Q4/15 alone $3.2B in VC-backed deals, up 36% Number of deals >$20m up 62%

Scale-Up Nation?

Source: IVC Research Center, Feb 2016

300 Multinational R&D Centres Employing 50,000 People

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300 Multinational R&D Centres Employing 50,000 People

Successful Academic Commercializationo World pioneer in tech transfer since 1959o Two of world’s top tech transfer companies

o Yeda, Weizmann Institute of Science ( est.1959)o Yissum, Hebrew University of Jerusalem (est.1964)

o >$22 Billion in licensed product sales per yearo >$500 million in tech transfer revenues annuallyo Hundreds of spin-off companieso Many success stories

Copaxone®, Exelon™, Erbitux®, Azilect™, Doxil™, Rebif®, Cherry tomatoes, peppers, NDS Ltd. encryption algorithm, MobilEye driver assistance system…

IDC Herzliyao Israel’s leading private institution of higher educationo Founded 1994 by Prof Uriel Reichmano Modeled after Ivy league universitieso Excellence & personal achievement with social responsibilityo 30% international students from 86 countrieso Uniquely interdisciplinaryo Highly entrepreneurial

o Israel’s first School of Entrepreneurship, only a handful worldwideo First undergraduate degree in entrepreneurship, starting 2017o 25% of students in voluntary student entrepreneurship club

IDCBeyondo IDC Herzliya’s new Presidential Program o Entrepreneurship & global impacto Focused on 21st century challengeso Full time, one yearo International, in Englisho For graduate-level students

The IDCBeyond Year

3 months21st century challenges

Tools & know-how

6 monthsVenture creation

Tools & know-how

3 months Accelerator

for excellent

teams

1st Phase: 21st Century Challenges

o From ideation to established ventureo Hands-on tools with leading industry mentorso IDC Herzliya is a world leader in academiao 15 years’ experience through Zell

o 46 of 85 ventures still activeo $394m raisedo $180m exitso 1,400 employees

2nd Phase: Venture Creation

Zell in Numbers o 15 years o 85 ventures

o 18 Acquired o 46 Active o 21 Closed

o ~ $400m raised o ~ $200m in exit proceedso 322 Alumnio 1,500 jobs created

o 48 Offices in 13 different cities in Israelo 31 Offices in 12 Countries on 3

Continents

Revenue

Time

Angels, Friends, Family

Seed Funding

Venture Capital

Early Stage Later StageMergers acquisitions & strategic

IPO

Mezzanine

Valley of Death

Round 1

Round 2 Round 3

3rd Phase: Accelerator

o 36 people from Israel & abroad o Diverse background, ages, cultures

o Aged 22-51 o From fashion design to space engineering o 40% female o 22% international o 42 % post graduate (incl. 2 PhD’s &13 MA/MSc )

Participants

o Venture creation from ideation to start-upo Hands-on toolso Top industry experts & mentorso Mentor-driven approacho Strong investor & industry networko Acceleratoro Brilliant & highly motivated participants

Benefits

“I’m starting a startup that helps other startups start up.”The New Yorker, June 2016

Thank you for your AttentionAre You Ready To Venture Beyond?

nava@idc.ac.ilwww.beyond.idc.ac.il