Israel’s State of Climate Tech 2021

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FIGURE4| GlobalVCDeals inClimateTech (USDBillions)

18 16 14 12 10

8 6 4 2 0

2011

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2014

2015

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2018

2019

2020

2021*

Figure 5: Israel Innovation Rankings

Source: Pitchbook 8

*As of June 25, 2021

Angel/Seed

Early VC

Later VC

FIGURE5| Israel InnovationRankings

Investment in R&D as a Percentage of GDP Compared to the OECD (2018) 4.95%

Bloomberg Innovation Index

Global Startup Index

2.4%

7 th Place

6 th Place

Israel has long been valued for its thriving innovation ecosystem and highly ranked entrepreneurial capabilities

OECD average

Israel

Source: The Annual Bloomberg Innovation Index, 2020, Startup Genome Report 2020.

the country’s success-driven startup and growing companies combined with its groundbreaking academic research, the knowledge and expertise of R&D centers, and the umbrella of a supporting government. As a result, Israeli technology has historically been a key player in fighting a variety of global challenges. For example,

Israeli cybersecurity companies are at the forefront of companies fighting cyber-terrorism: 41%of global cyber funding is invested in Israeli companies and one of every three cyber unicorns in the world is Israeli. 9 Could Israeli innovation also be a key player in fighting the global climate crisis?

Israeli Technology – A Thriving Innovation Ecosystem

Israel has long been valued for its thriving innovation ecosystem and highly ranked entrepreneurial capabilities (Figure 5). Among the factors contributing to Israel’s position as a global-tech powerhouse are

8 https://pitchbook.com/news/articles/climate-tech-startups-and-investors-fundraising 9 Israel National Cyber Directorate Report 2021

Israel’s State of Climate Tech 2O21 | 9