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The Israeli Cleantech By Israel Drori, Shmuel Ellis, Mali Nevo Faculty of management Tel Aviv University. Basic data. There are currently 419 cleantech companies operating in Israel. - PowerPoint PPT Presentation
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1
The Israeli Cleantech
ByIsrael Drori, Shmuel Ellis, Mali Nevo
Faculty of management Tel Aviv University
Basic data
• There are currently 419 cleantech companies operating in
Israel.
• These companies comprise just over 10% of the total of Israeli
High-tech companies (approximately 4,015 companies in total).
• The Israeli cleantech sector produced in 2008 an estimated
total of products and services worth between 2 and 2.5 Billion
US $, which constitute between 0.8% and 1% of the total global
cleantech market.
2
Five key aspects of the Israeli cleantech sector
1. Overall growth
2. Sub-sectors within the cleantech industry
3. Evolutionary stages of Israeli cleantech companies
4. Company size
5. Ownership, Capital raised and Annual revenues
3
11 . .Overall growthOverall growth
4
5
Cleantech companies in Israel by year of establishment
6
Cleantech companies in Israel by year of establishment
2 Sub-sectors within the cleantech 2 Sub-sectors within the cleantech industry industry
7
Sub-sectors within the cleantech industry
cleantech companies in Israel by sub-sector
energy36%
water technology
25%
agriculture technology
19%
enviornment11%
materials9%
8
cleantech companies in Israel by sub-sector and year of establishment (1990-2008)
0
5
10
15
20
25
30
35
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
nu
mb
er
of
ne
w c
om
pa
nie
s
energy agriculture tecnology enviornment
materials water technology
9
33 . .Evolutionary Stages Evolutionary Stages of Israeli of Israeli cleantech companiescleantech companies
10
Evolutionary stages
Seed stage
Research and Development (R&D) stage
Initial Revenue stage
Revenue Growth
11
Cleantech companies in Israel by stage of development
Seed21%
R & D31%
Initial Revenue38%
Revenue Growth
10%
12
Cleantech companies in Israel by sub-sector and development stage
0
10
20
30
40
50
60
agriculturetecnology
energy enviornment materials watertechnology
nu
. of
co
mp
an
ies
Seed R & D Initial Revenue Revenue Growth
13
4. Company size 4. Company size
14
Average number of employees per company
4.1 9.729.3
196.9
0
50
100
150
200
250
Seed R & D Initial Revenue RevenueGrowth
av
. n
um
be
r o
f e
mp
loy
es
s
Company size
15
number of employess by cleantech sub-sector
materials6%
enviornment8%
agriculture tecnology
17%
energy28% water
technology41%
16
5. Ownership, Capital raised and 5. Ownership, Capital raised and Annual revenuesAnnual revenues
17
18
Average capital raised by cleantech companies by sub-sector (in millions of US$), 2007-2008
Average revenue in 2008 of cleantech companies by sub-sector (in millions of US $)
19
The Israeli Cleantech Study
• To propose a complementary, genealogical approach to the traditional clusters approach of industrial sectors’ evolution
• To explore genesis events and environmental characteristics that shape the entrepreneurial culture and strategy of the cleantech industry along time?
• To investigate how and why cleantech firms in the different sub sectors (energy, water, agriculture, environment, material) evolve?
• To study the origin of different founding models of the Israeli cleantech firms, and their relations with existing clusters
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Genealogyenealogy
1. Genealogy is a record of descent or linage of a group enealogy is a record of descent or linage of a group from its ancestors to the recent generation.from its ancestors to the recent generation.
2. Each genealogy is originated from founding parents which started the entire genealogy.
3. The progenies’ birth origin is diverse.4. It reflects the degree of association and proximity
within a network of relationships along time, characterized by path dependent relationships among firms along a lineage system.
5. The evolutionary trajectory of organizational genealogy is influenced by its member affinity, mainly parent-progenies relations (Phillips, 2000; 2005).
Example of Genealogy, ITC sector (enealogy, ITC sector ( RAD- Founded: 1981)
The Israeli Cleantech sampleThe Israeli Cleantech sample121 companies from 419 28.87%
174 entrepreneurs from 721 24.13 %
Average entrepreneurs par company 1.43
Max number of entrepreneurs 5
Min number of entrepreneurs 1
s.t 0.8
Networks of cleantech sub-sectors
Energy
Environment
Agriculture
Materials
Water
24
Origins of founders
Hi tech
Academy
Biotech
Cleantech
Energy Industry
IDF
26
Origins of founders
EnergyWater
Agriculture
Environment
Materials
Hi tech
Academy
27
SectorSectorpercentagepercentageEntrepreneursEntrepreneurs
Hi tech27.01%47Academy26.44%46Biotech6.90%12Energy Industry6.32%11IDF5.17%9Cleantech4.60%8Agriculture2.87%5Israeli defense industries2.87%5Vanture Capital2.87%5Engineering2.30%4Banking1.72%3Medical devices1.72%3
SectorSectorpercentagepercentageEntrepreneursEntrepreneursCounselling1.15%2Environmental Services industry1.15%2Government1.15%2Investment1.15%2Architecture & Planning industry0.57%1Food industry0.57%1Law0.57%1Low tech0.57%1media0.57%1Municipal0.57%1Outsourcing industry0.57%1Shipping0.57%1sum100%174