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Building a Business Relationship with Israel
- 1. Michigan Israel Business Bridge Building a business relationship with Israel: How your Michigan company can benefit
- 3. The benefits of partnering with Israel are endless… Michigan companies have the opportunity to: Develop high paying, quality jobs and create new companies with significant growth potential Use the Israeli incubator model and innovation infrastructure to Rapidly grow the bottom line Access the “Startup Nation” model and “can do” attitude to promote entrepreneurship / small business growth
- 4. 10 year Economic Growth Snapshot Source: CBS and Central bank of Israel What this means for your company : Israel’s strong economy can support your business ventures as evidenced by these statistics Israel 2000 (B$) 2010 (B$) % change GDP 132 220 67% Business Product 97 160 65% Private Consumption 73 128 75% Trade & Services Product 51 97 90% Product per Capita 13,900$ 28,620$ 105%
- 5. 2010 R&D as a % of GDP What this means for your company : Partnering and taking advantage of Israel’s emphasis in R&D can save Michigan companies time, money and resources in getting new ideas to market.
- 6. 2010 Israel Export of service by category Source: Israel Central bureau of statistics What this means for your company : Israel places strong emphasis on R&D, through its large network of incubators and accelerators, backed in part by the office of the Chief Scientist of Israel.
- 7. Constant growth in the Life Science Sector Source: Israeli Life Science Industry organization Life Science Companies 1998-2008 What this means for your company : Consistent growth in medical device, pharmaceutical, and biotechnology fields means there are many companies looking to enter the North American market making it a perfect fit for Michigan.
- 8. How does the MIBB create the direct link? MIBB creates value for your company We nurture enhanced business, technical, and research collaboration through our relationships with governmental entities, Universities and other institutions We fast-track marketing and sales efforts, R&D projects, Capital raising activities, talent acquisition, and identification of facilities and suppliers
- 10. Global Companies Operating in Israel
- 11. A sample of current Michigan-Israel Collaborations