Black Owned And Operated Endeavor Investment Capital Private Home Equity Angel Expense AgenciesKinds And Features

Bank of Israel Annual Report 2008 (Jerusalem: Bank of Israel, 2009), 65.


 2. The ICT and technician development market sectors overlap. Advanced developing includes ICT processing, business and development plane, pharmaceuticals and products. ICT producing consists of electronic digital parts, electrical communications products, and industrial tools for regulate and guidance plus medical and health care devices. The provider part of ICT is comprised of telecom, in addition computer-linked and R&D professional services (which feature the promising segments of biotech and cleantech). Recently, ICT providers have become even more easily than ICT production.



 3. Dan Ben David, "A Macro-Economic View of Israeli Economy and Society," Policy Paper 2010.01 (2010), Taub Center for Social Policy Research.



 4. In the event you loved this information and you wish to receive details about Singapore VC List (youtube.com) kindly visit the webpage. Fresh and Ernst, Innovation: The Growing Significance about Venture Capital, Global Venture Capital Insights and Trends Report 2008, 11. The highest several areas were definitely California's Silicon Valley, Los Angeles, Boston, the revolutionary York city area as well as UK.



 5. pharmaceuticals, cleantech, nanotech and Biotech receive 30Percent, and standard industry (e.g. metal, ceramics, plastics and rubberized) receives ten percent.



 6. The World Bank has highly regarded the OCS due to the "track record of excellence" see Itzhak other individuals and Goldberg, "Public Financial Support for Commercial Innovation," Europe and Central Asia Knowledge Economy Study Part I, Central and The european union Asia Chief Economist (Washington, DC: World Bank, 2006). In 2004, Israel was positioned 7th for administration RAndD subsidies because of the World Economic Forum's Networked Readiness Index (more recent statistics are unavailable, due to a alteration in the NRI's strategy).



 7. These issues are already addressed in the past reviews of your OCS. See Morris Teubal, "An RAndD Technique for Israel" [in Hebrew], Economic Quarterly 46, no. 2 (1999): 359-83 Manuel Trajtenberg, "RAndD Policy in Israel: An Overview and Reassessment," National Bureau of Economic Research Working Paper 7930 (2000) Manuel Trajtenberg, "Government Support for Commercial R&D: Lessons from your Israeli Experience," in Innovation Policy as well as the Economy, Vol. 2, ed. Adam B. Jaffe, Josh Lerner and Scott Stern (Chicago: National Bureau of Economic Research and University of Chicago Press, 2002).


 8. Previous reviews in the OCS were definitely published before concern grew to become recent.


 9. OCS programmes for conventional marketplace are excluded since they are beyond the scope with this pieces of paper.



10. Reforms in the regions of commercial infrastructure, education and government bureaucracy are past the range with this cardstock.



11. Under Yozma (established 1992), government entities created 10 VC cash with more than $20 thousand capitalization. These funds had been privatized in 1997, 24 months in advance of schedule. See Gil Avnimelech and Morris Teubal, "The Emergence of Israel's Venture Capital Industry: How Policy Can Influence High-Tech Cluster Dynamics," in Cluster Genesis: Technology-Based Industrial Development, ed. Pontus Braunerhjelm and Maryann P. Feldman (Oxford: Oxford University Press, 2006).


12. Computed from 2000-09 data (reference: Israel Venture Capital Research Centre).


13. Dafna Raphael and Schwartz Bar-El, "Venture Investments in Israel: A Regional Perspective," European Planning Studies 15, no. 5 (2007): 623-44.



14. In February 2010, NASDAQ possessed 65 Israeli providers detailed. During 2002-07, London's AIM swap was really a well-known locale for Israeli IPOs, but the world-wide economic crisis drove numerous Israeli firms out. In November 2009, 30 Israeli agencies ended up mentioned, lower from 50 for the maximum.



15. This department is dependent on Josh Lerner and Bronwyn Hall, "The Financing of RAndD and Innovation," National Bureau of Economic Research Working Paper Working Paper 15325 (2009) Trajtenberg, "Government Support."



16. For empirical verification of this hypothesis working with US info, see James R. Brown, Steven M. Fazzari and Bruce C. Petersen, "Financing Innovation and Growth: Cash Flow, External Equity, and also the 1990s RAndD Boom," Journal of Finance 64, no. 1 (2009): 151-85.



17. For that entire written text in English, see http: //www.moital.gov.il/NR/exeres/9F263279-B1F7-4E42-828A-4B84160F7684.htm.



18. Organization for Economic Cooperation and Development, OECD Economic Surveys: Israel, 2009. Volume 2009/21-January 2010, Supplement No. 3 (Paris, Organization for Economic Cooperation and Development, 2009), 138-43.



19. This area extracts on the routine through the Office of your Chief Scientist Conference (March 2010) and so on the workplace from the Chief Scientist Review of Activities 2008, 2009 (Jerusalem: Ministry of Labour, Industry and Industry, Office from the Chief Scientist, 2010 and 2009). An entire list of OCS programmes can be located at http: //www.moital.gov.il/NR/rdonlyres/C128350B-9F2E-4F37-BB4D 23EB4C106867//tocnit2010.pdf file (Hebrew) at http: //www.moital.gov.il/NR/rdonlyres/C4349CD6-4388-4B4E-94BC-D9092FCDE80B//4750.PDF (English, rather significantly less current).


20. For facts, see http: //www.iserd.org.il/.


21. Saul Lach, "Do RAndD Subsidies Stimulate or Displace Private RAndD? Evidence from Israel," Journal of Industrial Economics 50, no. 4 (2002): 369-90. For your more modern approximation of additionality (without a differentiation involving big and small businesses), see Saul Lach, Shlomi Prizet and Daniel Wassertal, "The Effect of Government Support to Industrial R&D for the Israeli Economy", AGP Applied Economics (2008), http: //www.tamas.gov.il/NR/rdonlyres/04D3E45C-A94D-408D-8813-5C65869162C4//RDGovSupportEnglish2011821.pdf



22. See also Oded Bizan, "The Determinants of Success of RAndD Projects: Evidence from American-Israeli Research Alliances," Research Policy 32, no. 9 (2003): 1619-40.


23. OCS Summary of Activities 2008.


24. Trajtenberg "RAndD Policy."



25. To meet the requirements, a firm need to have income of $100 zillion and RAndD costs of $20 mil or 200 people in R&D. The agency must be without any financial debt on the condition.



26. The set up was launched in response to your right after issue: Large businesses, having with success commercialized OCS-financed researching, were actually compelled to pay an increasing flow of royalties. They might often attain new OCS grants or loans and employ these people to take care of their royalty repayments, whilst failing to do any new RAndD (see OCS Breakdown of Activities 2008).


27. Trajtenberg, "RAndD Policy" Trajtenberg, "Government Support."


28. Trajtenberg, "RAndD Policy" Trajtenberg, "Government Support."


29. Jonathan Gillis, "Israel's RAndD Law: the Impact of Change," Globes, September 4, 2006.


30. Gil Avnimelech, Dafna Schwartz and Raphael Bar-El, "Entrepreneurial High-technical Cluster Development: Israel's Expertise in Venture Electronic and Money Incubators," European Planning Studies 15, no. 9 (2007): 1181-98 Amnon Frenkel, Daniel Shefer and Stephen Roper, "Public Policy, Locational Choice as well as Innovation Capacity for High-Tech Firms: A Comparison in between Ireland and Israel," Papers in Regional Science 82, no. 2 (2003): 203-21.



31. Ohad Bar Progression, Efrat and "Research in Israel: Successes and Challenges," Working Paper, Singapore VC List Bank of Israel (2006).



32. Minister of Science Daniel Hershkowitz see http: //www.hayadan.org.il/wp/academy-reception-achieving-0601102/.


33. Lach et al., "The Effect of Government Support."


34. Israeli institutional brokers just have .2Percent in their investments in VC, compared to, based on MOF Director Standard Haim Shani. 2% in the united states (http: //www.computer system.co.il/? p = 34545).



35. Manuel Trajtenberg, "Innovation Policy for Development: an outline," Working Paper, Department of Economics, Tel Aviv University (2005). Former CS Orna Berry talks about that by relying upon international financial, the high tech industry can stay away from Israel's popular regulatory bureaucracy. See Orna Berry, "The Israeli Hi-Tech Sector and the Global Economic Situation" [in Hebrew], lecture at College of Management, May 4, 2009. A youtube video in the lecture is archived at http: //www2.colman.ac.il/company/video clips/hitech/epizode07.web coding. The associated slides (in English) can be located at http: //www.kenesbiz.com/_Uploads/4757orna_berry.pdf).



36. The Raanana Conference for National Modern Day Policy, "Summary of your Second Raanana Conference and Summary of Activities, 2007-2008" (2009), 27. Some scholars feature the dearth of substantial advanced firms to low-money things, such as Israeli operations lifestyle or advertising and marketing. See Catherine C. de Erran and Fontenay Carmel, "Israel's ‘Silicon Wadi’: The Options for its Comparative Advantage in the IT Industry," in Building High-Tech Clusters, ed. Timothy Bresnahan and Alfonso Gambardella (Cambridge: Cambridge University Press, 2004) Morris Teubal, Gil Avnimelech and Alon Gayego, Business and "Globalization Dynamics during the Israeli Software Industry: An Instance Study of information Security," Working Paper, Hebrew University (2000). To get more on marketing, Singapore VC List see Schaul Chorev and Alistair Anderson, "Marketing in High-Tech Start-Ups: Overcoming the Liability of Newness in Israel," International Entrepreneurial Management Journal 2, no. 2 (2006): 281-97.



37. Arnon Bentur and Singapore VC List many others, "The Way ahead for the Israeli Growth Engine," Position Paper, 17th Caesarea Conference, Israel Democracy Institute (2009).



38. Avi Messica and Tamir Agmon, "Venture Capital, the general public Sector, as well as the High Technology Industry," International Journal of Innovation and Singapore VC List Technology Management 5, no. 1 (2008): 105-22. Both CS Eli Opper and former CS Joshua (Shuki) Gleitman advocate a countercyclical OCS finances (personalized appointment with Eli Opper, February 12, Raanana and 2004 Conference, "Summary in the Second Raanana Conference"). However, a counterargument can be encouraged according to analysis by Andrew Schein, who sees the fact that NASDAQ directory possessed no impact on GDP through 1994-2001. This signifies that OCS financial constraints needs to be invariant with respect to the NASDAQ index. We reject the counterargument, simply because we know that Schein's empirical effects would be modified noticeably by the use of more recent info, and Singapore VC List also by the addition of many lags from the NASDAQ directory as explanatory parameters (to make up the lagged results of VC assets on exports). See Andrew Schein, "NASDAQ or Nablus: Explanations to the Recent Fluctuations during the Israeli Economy," Israel Affairs 9, no. 4 (2003): 64-78.



39. Ben-Zion Zilberfarb, "From Boom to Bust: The Israeli Economy 1990-2003," Israel Affairs 12, no. 2 (2006), 221-33.


40. The exception with this trend was the incubators spending plan, which gotten to an archive loaded with 2005.


41. Erez Cohen, The Israeli High Tech Industry: No Thought for the Future [in Hebrew] (Jerusalem: Singapore VC List Carmel Publishers, 2009), 143.



42. Over 2001-03, OCS grants or loans amounted to 26Per cent of planned study budgets, downward from 31% in 2000. In 2003-04, OCS representatives mentioned a substantial boost in the calibre of apps (compared to. the pre-turmoil period of time), due to self-variety by companies, Singapore VC List which wanted to stay away from tasks that has a higher chance of failing.



43. "Chief Scientist Opper Faces Growing Challenges," Israel Venture Capital Journal 3, no. 3 (2003), 28.


44. Cohen, The Israeli High Tech Industry, 147.


45. Cohen, The Israeli Advanced Industry, 147, 126-7.



46. In this manner, he shunned the politics tensions which are connected with placing new spending plan priorities.



47. Manuel Trajtenberg, "Innovation in Israel 1968-1997: A Comparative Analysis Using Patent Data," Research Policy 30, no. 3 (2001): 363-89. The 1-3 calendar year delay is just not shocking, given that the united states patent purposes course of action took about 26.2 many months in the course of 2000-05 (US Patent and Trademark Office internet site, http: //http: //www.uspto.gov).



48. The organization will have to pay the bigger of the pursuing two levels: a) 120Percent of your existing market price of X gives you, where X = the quantity of shares the first OCS allow can have acquired. b) 150Percent in the cumulative sum of allows furthermore attraction and indexation.



49. This may be inferred in the MOF's offer (in "Comparative Advantage") to help liberalize engineering exchange.



50. PriceWaterhouse Coopers and National Venture Capital Association, Moneytree Report Q4 2009/Full-calendar year 2009 (2010).



51. IVC Online (www.ivc-on the internet.com). During 2009, investment in software program and communications And network dropped to the most competitive degree inside a few years. There were a considerable change towards everyday life sciences.



52. Berry, "The Israeli Hi-Tech Sector." The maturation course of action in fact started out in 2004 see Gil Avnimelech and Dafna Schwartz, "Structural Changes in Mature Venture Capital Industry: Evidence from Israel," Innovation: Supervision, Process and Plan 11, no. 1 (2009): 60-73.



53. Intel Israel noted export growth of 145% during 2009, to a document $3.4 billion dollars, which included 10% of Israel's business exports.



54. David Rosenberg, "The Israeli Economy: Right after the Financial Disaster, New Challenges," Middle East Report on International Affairs 14, no. 1 (2010), 68-79.



55. Guy Grimland, "The Dollar Crisis: The Primary Scientist Stops Investments in Technology Companies," The Marker, July 21, 2008.



56. Assaf Gilad, "Exclusive: The Treasury Grant on the OCS Will Grow by NIS 100 Million," Calcalist, December 1, 2008.


57. OCS Summary of Activities 2009.


58. Ora Coren, "Four New Biotech Funds Will Infuse $1.6 billion dollars to the Market," The Marker, March 25, 2010.



59. Ministry of Work, Business and Buy and sell Press Release, July 4, 2010, http: //www.moital.gov.il/NR/exeres/75986B84-6140-4FCB-8E44-5EDBA3676E40.htm.



60. Ministry of Finance, The Economic Policy for the years and months 2011-2012 [in Hebrew] (Jerusalem: July 2010). We omit the proposals that tackle clinical incorporation and education of underrepresented minorities.



61. Deloitte Brightman Almagor Zohar, "Israel VC Indicator Survey - Expectations by Quarter 2, 2010: Can Israel Decouple? " (July 2010).



62. Deloitte Brightman Almagor Zohar, "Israel VC Indicator Survey - Expectations at the time of Quarter 2, 2010: Can Israel Decouple? " (July 2010)



63. Deloitte and ToucheCountrywide and Touche Venture Capital Association, "Results from your 2010 Global Venture Capital Survey," July 13, 2010.



64. Paul Kedrosky, "Right-sizing the united states endeavor capital marketplace," Venture Capital 11, no. 4 (2009): 287-93. Kedrosky's view is shared via the respondents of Deloitte and Touche, "2010 Global Venture Capital Survey."



65. See Asaf Gilad, "Dov Moran is Angry: The Institutional Investors Refused to buy Modu," Calcalist, January 14, 2010.