"Israel's incubator is the most advanced in the world. "Israel's Consul General in Shanghai ArnonPerlman revealing to say in a recent activity.
Early in the venture by the Government "Death Valley" steadfast support, bear the greatest risk of not sharing the benefits, this is Israel innovation one of the most essential prerequisite, which makes high-tech incubators and venture capital itself became Israel two pillar industries, but also makes other industries achieve greater development, making tiny NASDAQ-listed companies of the 8 million population after the United States.
"When I came to China, I found doesn't really need to have with Israel the same way as for innovation. Now, they said the Government does not need too much interference in enterprises, to market. Israel, of course, also need to be market-oriented, especially for start-up companies. Israel's first venture was the Government's, the Government also to innovation. If failed to do, in front of us to talk about failure, that balance is very important. "SIT systems innovation company co-founder and President Amnon-liewafu (AmnonLevav) called" dialogue Israel: decoding innovation genes "on the Forum said.
Government to push angel financing
80 's last century Israel Government hopes that when the high-tech development, many Israel official visits the United States. But they found that Silicon Valley's success in Israel is difficult to be copied. The biggest problem is that access to development of high-tech industries in Silicon Valley, Silicon Valley's four major investment banks and improved private investment market, when Israel did not exist the VC industry. 2015 world s brightest top 50 companies Ali millet
Today, Israel incubators financing was obtained from a private Government more than twice times the initial investment, Israel risks over Europe, France, and Germany these countries combined.
To achieve this change, Israel's first step is to help businesses through the business of "Valley of death"--according to international statistics, more than 95% high tech innovation-oriented enterprises, will die in the first three years.
Israel Schlaadt, Chief Operating Officer of the company Wang Qi told reporters, in response, Israel Government to do two things: in 1991 created a technology business incubator project in 1992, set up a venture capital fund program.
The first item has a "risk-sharing, profit sharing" principle. Government access to incubators to provide two-year soft loan-business failure does not have to be repaid, succeeded even with interest, at a very low interest government loans back on the line, can the Government use the money to support new businesses.
"Soft loan is 85% per cent of the start-up costs. They had accounted for about two years of time, a high-tech enterprise probably needs about $ 800,000 from the establishment to the hatching full, private capital invested 100,000 US $ ~15 million, and the Government will provide a soft loan of more than $ 600,000. "Wang Qi said.
One Israel VC funds founder said Israel's incubator is a not for profit-making purposes, they are usually affiliated with famous universities, local administrative area or industry groups. Their office space and administrative overhead is determined by the Government through the Office of the Chief Scientist (OCS) to pay, each incubator will accept countries each year through the OCS to distribute $ 200,000 grant to support its functioning.
"Israel is unique because we more about those crazy ideas, we are helping them to make this ideal a reality, through government-funded platforms and allow them to grow up. "Israel's Consul General in Shanghai ArnonPerlman told the newspaper reporters that China's start-up incubator, should go back to the front, back to enterprise products may not only have a new idea, the concept phase. "I now see in China, more than incubators, but the concept of an accelerator. "
The founder said the past 15 years, Israel VC funds from hundreds of shrink that number to 20, most of these funds priority funding at a seed stage company, Israel venture capital investments in the early stages is equivalent to half of all investments. "A lot of investors are only for the early stages of research and development, is within a few years, creating not only a successful company, is a technology platform that other tech companies can buy. This is limited to the initial stage of financing is becoming more common, by incubators, angel investors, or public fundraising. "
Encourages the incubator privatization
However, Government soft loans can help enterprises solve the start-up during the first two years of funding, venture development also benefited Israel incubator privatization.
Israel Government sponsored Yozma programme: national funds assigned by the private venture capitalists decide, decision is not subject to State interference – the equivalent of Government "Fund" role, direct technology investments in the seed stage startups.
The "Yozma Fund and mechanism of soft loans are the same, shared risk, but do not share the benefits. "Wang Qi said the Israel Government is about $ 32 million, he attracted some large funds to Israel.
"If you make 12 million dollars, I will give you the match. If successful, IPOs, just bought even with interest their dividends on the line, all times earnings are yours. If the investments fail, I'll help you risk not holding you accountable. "Wang Qi said through such means, attracted very effectively include the United States, many funds to Israel for gold, about setting up more than 100 venture fund, formed over billions of venture-capital industry.
Since then, the incubator privatization, by experienced professional investors to support, they have to be able to "hatch" companies with strong connections in the business world.
"It can't replace a privately financed, but can stimulate those investments, to organize them, and then exited from it. Plans are used to attract capital, never competing with private businesses formed, but facilitates the tax for them. "These Israel VC funds founder said.
This innovative and even did not rule out cooperation with large multinational enterprises. As an Israel innovation company, SIT has been dedicated to helping businesses leverage their core competencies and business development from within their existing resources, the so-called "innovation in the box". Amnon-liewafu (AmnonLevav) said: "when it comes to innovation, they referred to researchers in white coats. Outside technology, there can be innovation of business models and processes. Innovation is a way of thinking, do not need to do so. "
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