Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Israel Life Science Seminar April 2005 Why Israel? Anat Katz Commercial Attaché Israeli Embassy Singapore

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Contents  Israel - Main Economic Indicators  Government Support Programs  Why Israel?

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Main Economic Indicators (us$) $117,225GDP (in millions) $17,222GDP per Capita $57,812Imports of Goods and Services (in millions) $50,143Exports of Goods and Services (in millions) $240 MillionImports from Singapore $316.2 MillionExports to Singapore (civilian) 6.92 MillionPopulation 10.4%Unemployment Rate 1.2%Inflation Rate (CPI)

Economic Mission of Israel in Singapore מדינת ישראל The State of 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% tax  changes to provide improved incentives to foreign investors  Various tax benefits and exemptions  Investment grants

Economic Mission of Israel in Singapore מדינת ישראל The State of 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

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Why Israel?

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Why Israel?  Highly skilled workforce

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Scientists & Technicians per 10,000 Workers

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Why Israel?  Highly skilled workforce  Entrepreneurial spirit

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Entrepreneurship Source: IMD World Competitiveness Yearbook, 2002

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Why Israel?  Highly skilled workforce  Entrepreneurial spirit  Top quality education

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel IMD World Report 2002 Country 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 1st2nd3rd United States FinlandIsrael FinlandIsrael Singapor e IsraelFinlandIreland IndiaSlovakiaIsrael FinlandIsrael United States FinlandSwedenIsrael Source: IMD World Competitiveness Yearbook Edition, White Paper on International Trade 2002 Source: IMD World Competitiveness Yearbook, 2002 Edition – White Paper on International Trade 2002

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Why Israel?  Highly skilled workforce  Entrepreneurial spirit  Top quality education  Focus on R&D

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel At 4.8% of GDP, Israel has the highest rate of R&D investment in the world Source: OECD and Central Bureau of Statistics

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Why Israel?  Highly skilled workforce  Entrepreneurial spirit  Top quality education  Focus on R&D  Innovation and patents

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Medical Device Patents per million Capita Source:

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Medical Device Patents Compound Annual Growth Rate ( ) Source:

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Number of BioPharma Patents per million Capita Source:

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Life Science Patents % of Total Patents Registered Source:

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Why Israel?  Highly skilled workforce  Entrepreneurial spirit  Top quality education  Focus on R&D  Innovation and patents  University-industry collaboration

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel IMD World Report 2002 Source: IMD World Competitiveness Yearbook Edition, White Paper on International Trade 2002 Source: IMD World Competitiveness Yearbook, 2002 Edition – White Paper on International Trade 2002

Economic Mission of Israel in Singapore מדינת ישראל The State of 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

Economic Mission of Israel in Singapore מדינת ישראל The State of 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

Economic Mission of Israel in Singapore מדינת ישראל The State of 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

Economic Mission of Israel in Singapore מדינת ישראל The State of 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

Economic Mission of Israel in Singapore מדינת ישראל The State of 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

Economic Mission of Israel in Singapore מדינת ישראל The State of 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

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Financing Life Sciences Activities: 2004 Source: ILSI and Industry Reports

Economic Mission of Israel in Singapore מדינת ישראל The State of 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

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Major Healthcare Corporations Invest in Israeli Technology

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

Economic Mission of Israel in Singapore מדינת ישראל The State of Israel Thank You! Anat Katz Commercial Attaché Israeli Embassy, Singapore Tel: Fax: Bio-Tech Israel 2005Israel Life Science Industry