eyal lifschitz - sk.ru · eyal lifschitz founding partner, ceo & gp boaz lifschitz founding...

Eyal Lifschitz Founding Managing Partner

eyal@peregrinevc.com

The Israeli Technology Landscape

•  Israel is Ranked No. 2 in the world in the number of foreign companies listed on the NASDAQ

•  Second only to the United States in the number of start ups

•  Leading multinational companies with a presence in Israel

–  Acquiring Israeli companies –  Technology scouting –  Establishing R&D centers in Israel

•  Highest number of scientists and engineers per capita in the world •  Strong market recovery •  Strong M & A and IPO activity

•  World class military and university technology transfer

Israeli Market

“Soft” Infrastructure

Technology Incubators

Incubator’s Goal

•  Developing innovative technological ideas into start-ups and leading them towards first round investment.

What does an Incubator offer to entrepreneurs?

•  Appropriate facilities and infra-structure for R&D. •  Financing. •  Central administrative services (secretarial, accounting, legal,

commercialization). •  Management & Technical assistance. •  Professional & Business guidance. •  Connectivity to potential customers, partners and investors •  Inter-tenant synergism.

Government Support

•  Average budget of project: $500K •  Government grant: 85% of budget •  Incubator’s investment: 15% of budget •  Payback: 3% royalties from revenue •  Support duration: 2 years •  Extended support to Biotech/Pharma & Clean-Tech

projects

Technology Incubators Volume of operation

•  26 incubators distributed across Israel: •  23 technological incubators •  2 technology based industrial incubators •  1 biotech designated incubator •  Approximately 8 projects per incubator •  Every year 75 – 85 new start-up companies are

established in the incubators, ~90% of them complete the incubator term

Technology Incubators Summary

•  The incubators program is the primary “Manufacturer” of start-ups in Israel

•  The incubators program is the only opportunity for early-stage, high-risk innovative projects that are not yet able to raise money from the private sector

•  The incubators program is an important source of deal-flow for the venture capital industry

•  The incubators program is especially important in times of economic crisis

•  The incubators program has a significant impact on the life-science industry in Israel

•  The incubators program has a crucial role in developing an entrepreneurship culture in Israel

Incubated Companies - Fields of Activity July 2010

Cleantech12%

Electronics5%

ICT25%

Biotech & Pharma17%

Medical Devices41%

The markets changed…

The Opportunity

•  US and Europe are substantial weaker •  New Collaboration in R&D, Manufacturing and in

Sales with the new Giants: –  Russia –  India –  China

The Opportunity Russia-Israel

•  Outstanding Intellectual and Academic strength •  Russian Manufacturing capabilities •  High-Tech economies •  Russia's location in Eurasia •  Cultural and historical background

Peregrine Ventures

PEREGRINE VENTURES Israel’s Leading Early Stage VC

•  Investing in early stage life science and technology companies

•  Established VC team with extensive investment & operational

experience

•  Israel’s leading early stage VC - No. 1 VC in Israel in founded companies

•  Leading in IRR and in Exits

•  Successful follow-on financings in portfolio companies

Companies founded prior to Peregrine: •  PharmaSys ltd (acquired by Elan,NASDAQ:ELN) •  ECR ltd. (acquired by AVX,NASDAQ:AVX) •  VisionCare ltd. •  BioControl ltd. (acquired by AMS & Medtronic-option) •  Clearforest ltd. (acquired by Reuters)

Some of Peregrine’s Portfolio Companies: •  Valtech ltd. •  Neovasc ltd. (Public NVS) •  BBalloon ltd (Public NVS) •  NLT. Ltd. •  Cardiogard ltd. •  CartiHeal ltd. •  JoinTech ltd. •  VisonSense ltd. •  Ect, ect

Gam ve Gam – Integrating High tech employees in the education System www.gamvegam.org.il Member of Board of Directors (current & previous): •  Given Imaging ltd. •  VisionCare ltd. •  BioControl ltd. •  ETV ltd. •  Incentive •  NGT •  Ect, ect

Eyal Lifschitz

• Peregrine Ventures Founding Partner, CEO & GP • Israel Technological Incubators Forum (ITIF)-Chairman • Israel Advanced Technology Industries (IATI)- Director

Eyal Lifschitz

Founding Partner, CEO & GP

Boaz Lifschitz

Founding Partner & GP

Dr. Phillip Frost

GP & Chairman of the Investment Committee

Lior Shahory

CEO of incentive incubator

Tamir Tal Legal and Operations

Dudi Eldar CFO of Peregrine Ventures

Tal Carasso Director of Peregrine’s investor relations

The Peregrine Management team

Peregrine II Portfolio

Thank You

eyal@peregrinevc.com