Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Israel Life...

Economic Mission of Israel in Singapore

מדינת ישראלThe State of

Israel

Israel Life Science Seminar April 2005

Why Israel?

Anat KatzCommercial Attaché

Israeli EmbassySingapore



Israel

Contents

Israel - Main Economic Indicators Government Support Programs Why Israel?



Israel

Main Economic Indicators (us$)

GDP (in millions)$117,225

GDP per Capita$17,222

Imports of Goods and Services (in millions)

$57,812

Exports of Goods and Services (in millions)

$50,143

Imports from Singapore$240 Million

Exports to Singapore (civilian)

$316.2 Million

Population 6.92 Million

Unemployment Rate 10.4%

Inflation Rate (CPI)1.2%



Israel

Government Support Programs

Law for the Encouragement of Capital Investments had undergone reform

New Law provides:Less bureaucracy (“Green Lane”)Strategic Track for multinational companies

with 0% taxchanges to provide improved incentives to

foreign investorsVarious tax benefits and exemptionsInvestment grants



Israel

Government Support Programs Law for the Encouragement of Industrial

R&D offers conditional R&D grants of up to 50% of approved programs

24 Technological Incubators – Provide 85% of the project’s costs for two years

Avoidance of Double Taxation Agreement

SIIRDF



Israel

Why Israel?



Israel

Why Israel? Highly skilled workforce



Israel

140

83 80

6055 55

45 43

33 33 3225

0

20

40

60

80

100

120

140

Israel US Japan Germany Canada Switzerland Taiwan UK Ireland Italy Singapore Spain

Scientists & Technicians per 10,000

Workers



Israel

Why Israel? Highly skilled workforce Entrepreneurial spirit



Israel

Entrepreneurship

3.8

4.97 5.06 5.16

5.836.47 6.51 6.77 6.9

7.537.83 7.9

8.42

9.11

Japan Mexico France GermanySingapore UK Korea Ireland Australia Taiwan Canada Israel HK USA

Source: IMD World Competitiveness Yearbook, 2002





Israel

Why Israel? Highly skilled workforce Entrepreneurial spirit Top quality education



Israel

IMD World Report 2002Country Rank

Quality of basic research

Legal environment for technology development and application

Quality of university education

Number of outstanding engineers

University-industry collaboration

Technological tie-ups between companies

1st 2nd 3rd

United States Finland Israel

Finland Israel Singapore

Israel Finland Ireland

India Slovakia Israel

Finland Israel United States

Finland Sweden Israel

Source: IMD World Competitiveness Yearbook- 2002 Edition, White Paper on International Trade 2002

Source: IMD World Competitiveness Yearbook, 2002 Edition – White Paper on International Trade 2002



Israel

Why Israel? Highly skilled workforce Entrepreneurial spirit Top quality education Focus on R&D



Israel

At 4.8% of GDP, Israel has the highest rate of R&D

investment in the worldSource: OECD and Central Bureau of Statistics



Israel

Why Israel? Highly skilled workforce Entrepreneurial spirit Top quality education Focus on R&D Innovation and patents



Israel

Medical Device Patents per million Capita

Source: www.uspto.gov



Israel

Medical Device Patents Compound Annual Growth Rate

(1999-2003)




Israel

Number of BioPharma Patents per million Capita




Israel

Life Science Patents % of Total Patents Registered




Israel

Why Israel? Highly skilled workforce Entrepreneurial spirit Top quality education Focus on R&D Innovation and patents University-industry collaboration



Israel

IMD World Report 2002

Source: IMD World Competitiveness Yearbook- 2002 Edition, White Paper on International Trade 2002

Source: IMD World Competitiveness Yearbook, 2002 Edition – White Paper on International Trade 2002



Israel

Why Israel? Highly skilled workforce Entrepreneurial spirit Top quality education Focus on R&D Innovation and patents University-industry collaboration Responsiveness to market needs



Israel

Versatility and Rapid Response to Market

Needs Manufacturers quickly meet

demands of the international medical community

Israeli companies provided almost-real time solutions for the SARS epidemic



Israel

Why Israel? Highly skilled workforce Entrepreneurial spirit Top quality education Focus on R&D Innovation and patents University-industry collaboration Responsiveness to market needs Compliance with international standards



Israel

Streamlined Regulatory Clearance

The Ministry of Health regulatory process corresponds FDA regulations

Studies conducted in Israel qualify as proof of FDA approval

Several GMP facilities operate in Israel

The result: Products can reach commercial markets quicker



Israel

Why Israel? Highly skilled workforce Entrepreneurial spirit Top quality education Focus on R&D Innovation and patents University-industry collaboration Responsiveness to market needs Supportive regulatory environment Government Support



Israel

Government Support Active support of entrepreneurship through

grants, loans and tax benefits

50% of all technologies in development at government-supported incubators are related to medicine

Incentives and assistance to corporations establishing R&D and manufacturing facilities in Israel



Israel

Financing Life Sciences Activities: 2004

Source: ILSI and Industry Reports

Financing Source $ million %

Israeli Government 308.0 38.5Binational Government supported Foundations 17.6 2.2

Venture Capital 200.0 25.0Self Funding Companies 274.4 34.3



Israel

Why Israel? Highly skilled workforce Entrepreneurial spirit Top quality education Focus on R&D Innovation and patents University-industry collaboration Responsiveness to market needs Supportive regulatory environment Government Support International Presence



Israel

Major Healthcare Corporations Invest in Israeli Technology



Israel



Israel

Thank You!

Anat KatzCommercial Attaché

Israeli Embassy, SingaporeTel: 68349220Fax: 67372502

E-mail: [email protected]

Bio-Tech Israel 2005 Israel Life Science Industry

www.kenes.com/biotech www.ilsi.org.il

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Israel Life...

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