{"id":8636,"date":"2024-06-02T03:00:20","date_gmt":"2024-06-02T03:00:20","guid":{"rendered":"https:\/\/innovationisrael.org.il\/en\/?post_type=report&p=8636"},"modified":"2024-06-04T03:15:04","modified_gmt":"2024-06-04T03:15:04","slug":"appendices","status":"publish","type":"report","link":"https:\/\/innovationisrael.org.il\/en\/report\/appendices\/","title":{"rendered":"Appendices"},"content":{"rendered":"
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Following the challenges faced by the Israeli high-tech sector in 2023 and ahead of the launch of the ‘Yozma 2.0’ Fund, the Innovation Authority conducted several surveys among Israeli high-tech companies and Israeli venture capital funds. The objective was to attain an updated situation report on the Israeli economy in order to plan its investment policy. In the future, these surveys are expected to be conducted by the Innovation Authority with the aim of monitoring market expectations.<\/p>\n\n\n\n
The “State of High-Tech Companies in Israel” survey has been conducted twice so far and targeted Israeli high-tech companies at various stages. The first round of the survey was conducted from November to mid-December 2023 while the second round was conducted from late March to late April 2024. The surveys were sent to all the CEOs and CFOs found to have a valid email in the IVC database and data was collected by self-reply email. Because response to the survey was voluntary, there may be a bias due to the nature of the respondents.<\/p>\n\n\n\n
The first round exclusively targeted young startups and included active companies that were founded in the years 2021-2023 or raised capital in funding rounds defined as Pre-Seed, Seed, First Round, and Second Round during this period, according to IVC data. The survey’s population in the first round numbered about 2,900 companies. The second round targeted all the high-tech companies active in Israel that existed in the database \u2013 a total of approximately 8,500 companies. The level of participation in the first round was 18% (522 companies) and in the second round 6% (489 companies). In each round, the population was divided into layers according to the company’s sector of activity and its funding stage. After gathering the data, a correction was made to account for non-respondents whereby the results of those who responded were weighted for each layer by calculating the number of companies in that layer divided by its number of respondents.<\/p>\n\n\n\n
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The “Venture Capital Funds in Israel” survey was conducted in conjunction with the IATI (Israel Advanced Technology Industries) Association. The survey targeted venture capital funds that are members of the IATI. The survey’s population includes Israeli venture capital funds, private investment funds and global venture capital funds with a presence in Israel. 31 funds responded to the survey. An examination of the data reveals that the Israeli funds that responded to the survey represent about a third of the assets under management (AUM) of active Israeli funds.<\/p>\n\n\n\n
Distribution of the survey to the various funds began in January 2024 and some of them (7 funds) responded immediately, however, most of the respondents (24 funds) completed the survey in April 2024. Most of the respondents were Israeli funds (27 respondents) but there were also a few international funds (4 funds). The funds responding to the survey represent a diverse variety of sizes and areas of activity. No correction or inflation of the results was made to account for non-respondents and the survey solely represents the respondents.<\/p>\n\n\n\n
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The Israel Innovation Authority endeavors to provide a solution to the different challenges facing the Israeli innovation hub via three operational units called \u201cdivisions\u201d. Each division is mission-oriented and offers a unique toolbox that is adapted to the various challenges in the technological lifecycle. <\/p>\n\n\n\n
The Innovation Authority\u2019s divisions undertook a variety of initiatives during 2023 with the aim of advancing the growth of the Israeli innovation hub. The table below details the different divisions\u2019 activity last year, according to the programs they operate:1<\/a><\/sup>Descriptions of the different tracks and programs appear on the Innovation Authority website and in previous reports published by the Authority.<\/span><\/p>\n\n\n\n Growth Division<\/h2>\n\n\n\n