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iNNOVEX2014

Israel and the Cleantech IndexIsrael and the Cleantech Index

Ohad ZuckermanUniVerve Ltd.

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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

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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

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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

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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

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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

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• 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

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• 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.

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• Avoid corruption

• Be professional

• Global impact

• Multidisciplinary

GOG Fund – Challenges

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• 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.

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Thank you Thank you

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

www.univerve-biofuel.com