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Venture Capital Investment Rising in Israel

1.  Israel‘s competitive edge in the area of intellectual property has moderated the impact of the global meltdown on Israel’s economy.  For example, “Globes” reported on Feb. 24, 2009 that the medical giant, Medtronics, acquired Israel’s Ventor for $325MN its 3rd Israeli acquisition following InStent ($$220MN) and Odin ($9MN).  This is the third major acquisition of an Israeli company since Dec. 2008 (Johnson & Johnson – Omrix for $438MN and St. Jude MediGuide for $300MN).

2.  SunRay is constructing a $400MN solar power station in Israel’s Negev.  The Boston-based Denham Capital has the controlling interest in SunRay.  Bill Gates and Harvard University have invested in Denham (The Marker, Feb. 26).

3.  “While venture capital investment fell in the US last year, it still managed to rise in China, India and Israel,” according to Dow Jones VentureSource. In Israel, venture investment increased 19 percent to $1.9BN last year, fueled by 132 information technology deals…In the fourth quarter, investment was up 22 percent to $316MN…. Europe looked more like the US…. Overall investment in Europe fell 15 percent in 2008…. (NY Times, Feb. 18, 2009).

4.  “Israel has overtaken Russia as the main defense supplier to India, after breaking the $1BN mark in new contracts signed annually over the past two years…. Russia had averaged sales of $875MN annually to India for the past 40 years. In August, India’s defense ministry approved a $2.5BN joint IAI-Rafael deal to develop a new and advanced version of the Spyder surface-to-air missile system…. In the past decade, the countries have signed deals reaching a whopping $9BN” (Jerusalem Post, Feb. 15, 2009).

5.  The NY-based UDT Med Holdings led a $7MN round of private placement by Israel’s Kamada (Globes, Feb. 25).  $7MN invested in Israel’s Amimon by one of its overseas clients, which include Mitsubishi, Sony, Stryker and Hisense (Globes, Feb. 19).  The Irvine,California-based Ascendiant Capital Group has extended a $6MN line of credit to Israel’s Medis (Globes, Feb. 19).




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Straight from the Jerusalem Boardroom #248
https://bit.ly/3u29k9g

Foreign investment in Israel’s high-tech companies surged to new heights in the 1st quarter of 2021 – $5.7bn in 172 deals – which is up 89% over the impressive 4th quarter of 2020 and double the volume of the 1st quarter of 2020.

2020 was the first year of surpassing $10bn in capital raised by the Israeli high-tech sector from investors in the US, Asia and Europe, who trust the maturity of Israel’s brain power. Investments in Israeli companies more than tripled in six years, reflecting the effective response by Israeli startups to the technological, medical, pharmaceutical, educational, social and digital challenges posed by Covid-19.

Israel’s economic performance in defiance of Covid-19 is presented by Dr. Adam Reuter, the Chairman and Founder of “Financial Immunities,” Israel’s largest financial-risk management firm, and the co-author of Israel – Island of Success:

  1. Israel has led the globe in the rapid administration of Covid-19 vaccinations due to effective negotiations with Pfizer and an efficient, country-wide medical infrastructure.
  2. Israel is the second lowest among OECD countries in the number of Covid-19 deaths per number of Covid-19 cases: 0.7% compared to the 2.3% OECD average. Israel features a young population (median age of 30 compared to the OECD’s 42) and an effective country-wide medical infrastructure, including top level HMOs and hospitals.
  3. Israel is ranked 12th from the bottom among the 37 OECD countries in the number of deaths per million inhabitants: 645 compared to 1,145 OECD average.
  4. The International Monetary Fund’s 2025 GDP growth forecast for OECD countries: Israel – 4%, OECD average – 2.2%, US – 1.8%, Australia – 2.5%, Ireland – 2.6%, France and Canada – 1.7%, the UK – 1.6%, Germany – 1.2%, etc.
  5. Israel’s 2020 GDP was reduced by 2.5%, compared to the OECD average reduction of 4.1%, South Korea – 1%, Norway – 0.8%, Australia – 2.6%, US – 3.5%, Japan – 4.8%, Germany – 5%, France – 8%, the UK – 10% reduction, etc. GDP growth was recorded in New Zealand – 2.4% and Ireland – 3.5%.
  6. In 2020, Israel was ranked 20th among the 37 members of the OECD in terms of GDP per capita, featuring $43,000 (GDP – $408bn), ahead of Japan, Italy and Spain, and very close behind the UK ($44,000) and France ($45,000).
  7. Israel’s debt-to-GDP ratio increased from 60% in 2019 to 72% in 2020, compared to the OECD’s average increase from 66% to 82%. The 2020’s debt-to-GDP ratio was 266% in Japan, Italy – 161%, the US – 131%, Germany – 73%, etc.
  8. Israel’s foreign exchange reserves-to-GDP ratio of 41% (3rd among the OECD countries) attests to its financial stability, and Israel’s capability to raise foreign credit promptly in a cost-effective manner. Israel’s foreign exchange reserves in March 2021 – $186bn.
  9. During the past decade, Standard and Poor (S&P) accorded Israel a positive credit rating trend, unlike the negative trend for the G-7 countries. In 2020, notwithstanding Covid-19, Israel’s credit rating (S&P) remained at AA.
  10. Some 380 global high-tech giants operate in Israel, including Microsoft, Amazon, IBM, Intel, Cisco, Apple, Verizon, Applied Materials, Dell, HP, Kodak, Oracle, Philips, SAP, Medtronics, GM, eBay, GE, etc. Israel leads the world in the ratio of research and development investment to GDP: 4.9%. 85% of this investment comes from the business sector.

 




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