Eyal Lifschitz - sk.ru · Eyal Lifschitz Founding Partner, CEO & GP Boaz Lifschitz Founding Partner...
Transcript of Eyal Lifschitz - sk.ru · Eyal Lifschitz Founding Partner, CEO & GP Boaz Lifschitz Founding Partner...
Eyal Lifschitz Founding Managing Partner
The Israeli Technology Landscape
• Israel is Ranked No. 2 in the world in the number of foreign companies listed on the NASDAQ
• Second only to the United States in the number of start ups
• Leading multinational companies with a presence in Israel
– Acquiring Israeli companies – Technology scouting – Establishing R&D centers in Israel
• Highest number of scientists and engineers per capita in the world • Strong market recovery • Strong M & A and IPO activity
• World class military and university technology transfer
Israeli Market
“Soft” Infrastructure
Technology Incubators
Incubator’s Goal
• Developing innovative technological ideas into start-ups and leading them towards first round investment.
What does an Incubator offer to entrepreneurs?
• Appropriate facilities and infra-structure for R&D. • Financing. • Central administrative services (secretarial, accounting, legal,
commercialization). • Management & Technical assistance. • Professional & Business guidance. • Connectivity to potential customers, partners and investors • Inter-tenant synergism.
Government Support
• Average budget of project: $500K • Government grant: 85% of budget • Incubator’s investment: 15% of budget • Payback: 3% royalties from revenue • Support duration: 2 years • Extended support to Biotech/Pharma & Clean-Tech
projects
Technology Incubators Volume of operation
• 26 incubators distributed across Israel: • 23 technological incubators • 2 technology based industrial incubators • 1 biotech designated incubator • Approximately 8 projects per incubator • Every year 75 – 85 new start-up companies are
established in the incubators, ~90% of them complete the incubator term
Technology Incubators Summary
• The incubators program is the primary “Manufacturer” of start-ups in Israel
• The incubators program is the only opportunity for early-stage, high-risk innovative projects that are not yet able to raise money from the private sector
• The incubators program is an important source of deal-flow for the venture capital industry
• The incubators program is especially important in times of economic crisis
• The incubators program has a significant impact on the life-science industry in Israel
• The incubators program has a crucial role in developing an entrepreneurship culture in Israel
Incubated Companies - Fields of Activity July 2010
Cleantech12%
Electronics5%
ICT25%
Biotech & Pharma17%
Medical Devices41%
The markets changed…
The Opportunity
• US and Europe are substantial weaker • New Collaboration in R&D, Manufacturing and in
Sales with the new Giants: – Russia – India – China
The Opportunity Russia-Israel
• Outstanding Intellectual and Academic strength • Russian Manufacturing capabilities • High-Tech economies • Russia's location in Eurasia • Cultural and historical background
Peregrine Ventures
PEREGRINE VENTURES Israel’s Leading Early Stage VC
• Investing in early stage life science and technology companies
• Established VC team with extensive investment & operational
experience
• Israel’s leading early stage VC - No. 1 VC in Israel in founded companies
• Leading in IRR and in Exits
• Successful follow-on financings in portfolio companies
Companies founded prior to Peregrine: • PharmaSys ltd (acquired by Elan,NASDAQ:ELN) • ECR ltd. (acquired by AVX,NASDAQ:AVX) • VisionCare ltd. • BioControl ltd. (acquired by AMS & Medtronic-option) • Clearforest ltd. (acquired by Reuters)
Some of Peregrine’s Portfolio Companies: • Valtech ltd. • Neovasc ltd. (Public NVS) • BBalloon ltd (Public NVS) • NLT. Ltd. • Cardiogard ltd. • CartiHeal ltd. • JoinTech ltd. • VisonSense ltd. • Ect, ect
Gam ve Gam – Integrating High tech employees in the education System www.gamvegam.org.il Member of Board of Directors (current & previous): • Given Imaging ltd. • VisionCare ltd. • BioControl ltd. • ETV ltd. • Incentive • NGT • Ect, ect
Eyal Lifschitz
• Peregrine Ventures Founding Partner, CEO & GP • Israel Technological Incubators Forum (ITIF)-Chairman • Israel Advanced Technology Industries (IATI)- Director
Eyal Lifschitz
Founding Partner, CEO & GP
Boaz Lifschitz
Founding Partner & GP
Dr. Phillip Frost
GP & Chairman of the Investment Committee
Lior Shahory
CEO of incentive incubator
Tamir Tal Legal and Operations
Dudi Eldar CFO of Peregrine Ventures
Tal Carasso Director of Peregrine’s investor relations
The Peregrine Management team
Peregrine II Portfolio
Thank You