Jerusalem School of

Business - An Incubator for

Technological
Entrepreneurship

Prof. Zvi Wiener The Sixth International Business

17/10/2016 School Shanghai Conference
 Our Part in Israel’s Unique Ecosystem

Background
• Small country (98th population, 149th territory)
• Unstable Middle East (wars, terror, revolutions)
• Compulsory military service (men and women)
• Very limited natural resources
• Immigrants from all over the world
• Main resources: human capital and education
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 Our Part in Israel’s Unique Ecosystem

Strategy
• The necessity of self-reliance
• Military technology
• Government support of innovation and R&D
• Research oriented universities
• Development of advanced technologies
• World class business infrastructure
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 Our Part in Israel’s Unique Ecosystem

Grant Thornton Global Dynamism Index 2015

Israel #2 (out of 60): Overall Rank-The Most Dynamic

Business Growth Environment

Israel #1: Science and Technology

Israel #2: R&D - 4.2% of GDP, $1,357/capita

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 Why Israel?
 Excellent human resources – education, military service, elite
units, immigration, number of engineers
 Excellent academic institutions - research, scientists, 12 Nobel
winners, IP, patents
 National and Multi national cross sector cooperation -
Academia, Government, Industry, Defense
 Established infrastructure – VC funds, strategic and financials
investors, incubators, super angels, accelerators
 Proven commercialization record - defense-developed
innovative technologies, basic science, academic research
 Modern Infrastructure – legal, banking, financial, accounting,
IP protection
 Strong entrepreneurial culture
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 Our Part in Israel’s Unique Ecosystem

Main innovations and developments

• Several generations of microprocessors
• Messaging technology
• Medical diagnostic equipment (MRI, etc.)
• Pharmaceuticals
• Cyber security
• Agricultural technology
• Aerospace engineering
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Our Part in Israel’s Unique Ecosystem

Israeli Universities Serve as the

First Bead in the
“Start Up Nation Necklace”

Leveraging technological entrepreneurship through

Research and Teaching

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 A Heritage of Excellence
43% of Israel’s
biotechnology 30% of all Israeli
research academic scientific
>1/3 of PhD students in Israel research

1,000 researchers 23,000 students

1,600 Post-Graduate
students in
biotechnology
5 affiliated hospitals
6 Campuses

3,600 Research projects

>100 Research centers

Over 400 Researchers in

applied sciences

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 Nobel Laureates
• Prof. Robert J. (Yisrael) Aumann
• Prof. Albert Einstein
• Prof. David Gross
• Prof. Avram Hershko
• Prof. Ada E. Yonath
• Prof. Daniel Kahneman
• Prof. Aharon Ciechanover
• Prof. Roger D. Kornberg
• Prof. Eilon Lindenstrauss (Fields Medal)

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52 Years of Transferring Technologies

9,325 Patents
2,625 Inventions
880 Licenses
110 Spin-offs

Products based on Hebrew University technologies

generate over $2 billion in annual sales

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Research Collaborations
10 research projects

9 research projects

1 research project

7 research projects

4 research projects

2 research projects

2 research projects

1 research project
12 12
 Business School

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BioDesign - Medical Innovation

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 Startup Science
Undergraduate Students from the Faculty of Sciences
study a whole division on Entrepreneurship.

Startup science innovation is a “real world” course in

creating successful scientific based products and
services – from an “idea” to a “product” and then to a
“startup”.

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HuStart – Entrepreneurship Center

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The Asper Center for Entrepreneurship

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 International MBA
Entrepreneurship and Innovation
• Students acquire:
– Knowledge of emerging business trends
– Tools for creating services and products
– Understanding of global markets.
• Students gain value beyond the classroom by
– Networking with faculty and alumni
– Exploring the Israeli business hub.
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 Innovation & Entrepreneurship Study Tour
The Innovation & Entrepreneurship Study Tour is a unique tailor-made
program of special seminars, workshops and professional visits that reveal
the core of the outstanding phenomenon called “The Startup Nation”.

Who do we meet? Where do we visit?

* Top successful startup founders and
managers from various fields.
* Inspirational Academic professors and
pioneering startup mentors, lecturing
and providing a broader view.
* Executives & leaders of Venture Capital
Funds.
* Representatives of the Israeli
government.
* Israel’s most innovative companies from the
seed stage to worldwide leading companies.
* Israel’s most successful accelerators, co-
working spaces, incubators, and
entrepreneurship eco-systems.
* Israel's most influential R&D institutes,
academic centers and innovation promoting
organizations.
* Israel’s most interesting historical and
cultural sites.

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 The Unique Opportunity
Studies in Israel, a unique hub of
innovation, hi-tech firms and start-ups.

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 Startup 360o EMBA and post-MBA

The Startup 360° program aims to offer its participants with

the skills required to evaluate high technology startups and
nurture them. The program provides state of the art
analytical tools to evaluate startups and facilitate sustainable
startup growth.

Our key partners:

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Our Part in Israel’s Unique Ecosystem
Courses
• Biodesign
• Preparing a Business Plan
• Business Entrepreneurship
• Trans-disciplinary Innovation Program (TIP)
• Startup and Innovation Organization
• Creativity in Organizations
• Financial Innovation
• Crowd Funding and Alternative Markets
• Competitive Strategy
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Our Part in Israel’s Unique Ecosystem
Courses
• Biodesign
• Preparing a Business Plan
• Business Entrepreneurship
• Trans-disciplinary Innovation Program (TIP)
• Startup and Innovation Organization
• Creativity in Organizations
• Financial Innovation
• Crowd Funding and Alternative Markets
• Competitive Strategy
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 Creativity
• A common misconception is that that creativity
and innovation require special resources.
• In many cases it is actually constraints that
unleash creativity.
• Operating in a small and young country, many
Israeli companies have to cope with multiple
constraints and to create more with less.
• Novelty and multiculture.
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 Creativity
When Less Becomes More

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Key success ingredient - culture

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 Key success ingredient - culture
• Israeli culture places a premium on risk-taking
and entrepreneurship,
• compulsory military service prepares
individuals for the corporate, team-oriented
and highly competitive environment.
Higher education, research and innovations are
respected by the society.

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 Key success ingredient - partners
Scientific and technological achievements are
further strengthened by the presence of
international R&D centers of world-leading
technology firms. These include Intel, Microsoft,
IBM, Motorola, Google, Philips, Oracle, Siemens,
HP, Samsung, Huawei, GM and more.

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 Success
74 Israeli companies are currently traded on the
NASDAQ stock exchange, one of the largest
representations for a non-U.S. economy.

In 2015, $3.5 billion was raised from venture

capitalists and 69 companies were sold for the
total sum of $5.4 billion.

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 Talking About the Israeli Business Ecosystem

• "If you’re going to the Middle East to look for oil, you can skip Israel. If
you’re looking for brains, look no further. Israel has shown that it has a
disproportionate amount of brains and energy."
Warren Buffet, CEO and Chairman, Berkshire Hathaway

• “The United States is the number one place in the world for
entrepreneurs, but after the U.S., Israel is the best.”
Eric Schmidt, CEO and Chairman, Google

• “The innovation going on in Israel is critical to the future of the

technology business.”
Bill Gates, Founder of Microsoft

• “We believe we have a lot to learn from Israel, which is well-known for its
innovation." 
Liu Yandong, Chinese Vice Premier

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 Talking About the Israeli Business Ecosystem

• "In two days here I saw more opportunities than I saw in a year in the entire
world.”
Paul Smit, Senior Vice President, Philips Medical

• "Israel is the most exciting place I know. It’s great to come here and see the
dynamic generation of ideas, the motivation to be first and the professional
daring of Israeli start-ups." 
Buell Duncan, General Manager, ISV & Developer Relations, IBM

• “The quality of education is one of the key factors that made Israel so unique.”
Bill Gates, Founder of Microsoft

• "What sets it apart from us, as we look at GE around the world, is the spirit of
the people and the commitment to innovation.“
Stephan R.Bolze, CEO GE Healthcare

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 Yissum: Creating Value

From idea to
business…

Thank You!

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 Global Reach
Global Reach

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 Nanotechnologies
Color enhancement for
screens and display A 3D printer for high-quality,
printed circuit boards
Prof. Uri Banin
Prof. Shlomo Magdassi

GlassJet™, the first

line of industrial on-
glass digital printers
Biocompatible and
environmentally-friendly Prof. Shlomo
biofouling coatings Magdassi

Dr. Meital Reches

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 Energy and Clean Technologies

Mercury removal
from gas streams. Remote sensing of various
human biological indicators.
Prof. Yoel Sasson
Prof. Yuri Feldman

Nano Crystalline Cellulose

(NCC) from the sludge of the
paper industry.

Prof. Oded Shoseyov

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 Agriculture: New Varieties on Market

Melon varieties resistant to

Fusarium
Ram onion varieties
Prof. Yaakov Katan
Prof. Nahum Kedar
Prof. Haim Rabinowitz

Madrigal artichoke
varieties
Blocky shaped peppers Prof. Yehuda Basnitzki
Prof. Daniel Zohary
Prof. Yonatan Elkind

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 Agri-Technologies

Remedy for bees Forestry protection and yield

Colony Collapse Disorder enhancement.

Prof. Ilan Sela Prof. Oded Shoseyov

Tissue repair products made of the

only source of commercially
available virgin human collagen,
produced from tobacco leafs.

Prof. Oded Shoseyov

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 Healthcare Products

The innovative cationic Periochip - slow drug release

emulsion for the treatment of for periodentitis
dry eye symptoms
Prof. Michael Friedman &
Prof. Simon Benita Prof. Doron Steinberg

Bioresorbable
Supra-Vir - Acyclovir cream for Adhesion Barrier
HSV topical treatment reduces the severity
Moisturizing Eye
of post-operative
Prof. Elka Touitou Drops
cardiac adhesions
Prof. Shabtay
Dikstein Prof. Daniel Cohn

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 Computer Science Technologies

3D Lenticular Printing
Video Synopsis
Prof. Shmuel Peleg
Prof. Shmuel Peleg

Collision Avoidance
Technology

Assisting the Visually Prof. Amnon Shashua

Impaired

Prof. Amnon Shashua

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Mobileye Raises $890 Million as Largest Israeli
IPO in the U.S.

Mobileye
August 2014: “The Wall Street offering of road accident
avoidance technology developer Mobileye (NYSE:
MBLY), which raised $1.023 billion a record IPO for an
Israeli company - has created many millionaires.”
At the IPO price, Mobileye had a market value of $7.6
billion.
Now- it is over 10 billion.
Prof. Amnon Shashua
Computer Science & Engineering, Faculty of Science
The Hebrew University of Jerusalem

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