You are on page 1of 11

January 29, 2013

1
January 29, 2014
iNNOVEX2014

Israel and the Cleantech Index

Ohad Zuckerman
UniVerve Ltd.
January 29, 2013
2
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, 2013
3
January 29, 2014
Inputs of Innovation
in Cleantech
• General Innovation Drivers
– Market and business sophistication
– Percentage of population aged 18 - 64 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, 2013
4
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, 2013
5
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, 2013
6
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, 2013
7
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, 2013
8
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, 2013
9
January 29, 2014
• Avoid corruption
• Be professional
• Global impact
• Multidisciplinary
GOG Fund – Challenges
January 29, 2013
10
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, 2013
11
January 29, 2014
Thank you

Ohad Zuckerman, CEO - UniVerve Ltd.
0523-412-333, Ohad@univerve-biofuel.com
www.univerve-biofuel.com