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(Financial Times-UK) John Reed - Israel's Office of the Chief Scientist (OCS) loans money for new ventures and technologies that are promising but also risky. The Israeli state puts up money without asking for equity and demands repayment through a royalty on relevant sales if the business succeeds. Few other countries offer the same ecosystem of support for science, technology, research and funding under one roof, or extend quite the amount of risk capital the OCS does. A recent study on research and development in Israel by the Hebrew University of Jerusalem found that every 1 million shekels lent by the government generated further R&D of two to three times the amount of the grant given. 2014-02-21 00:00:00Full Article
The Israeli Take on Start-Up Risk
(Financial Times-UK) John Reed - Israel's Office of the Chief Scientist (OCS) loans money for new ventures and technologies that are promising but also risky. The Israeli state puts up money without asking for equity and demands repayment through a royalty on relevant sales if the business succeeds. Few other countries offer the same ecosystem of support for science, technology, research and funding under one roof, or extend quite the amount of risk capital the OCS does. A recent study on research and development in Israel by the Hebrew University of Jerusalem found that every 1 million shekels lent by the government generated further R&D of two to three times the amount of the grant given. 2014-02-21 00:00:00Full Article
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