Israel’s State of Climate Tech 2021

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FIGURE 1O | ClimateTechStartupsbyAgeandSize 5%

investments in a few companies. Startups addressing the supply chain showed a marked growth of 44%. Supply chain traceability is a crucial component of decarbonization and enables energy efficiency, waste minimization, and visibility with regard to emissions and climate risk along the value chain and is another domain worthy of attention. While the Israeli climate tech domains are at different stages of growth, the majority of the startups (74%) are less than 7 years old and are evenly distributed between subgroups of 1-3 years and 4-7 years old (Figure 10). As most companies (62%) are small in size, having less than 10 employees, it is interesting to note that two- thirds of 4-7 years old startups still consist of less than 10 employees. This emphasizes the uniqueness of the ecosystem and, perhaps, its main challenges – a long development period, high risk, and late onset of growth.

13%

29%

7%

26%

8-20 years 1-3 years 4-7 years Company Age

34%

3%

5%

40%

11%

0.6%

26%

No. Employees

1-10

11-50

50+

Two thirds of 4-7 years old startups still consist of less than 1O employees.

Israel’s State of Climate Tech 2O21 | 17