Community Research and Development Information Service - CORDIS


Israeli Financing Innovation Schemes for Europe, Final Report

Funded under: FP5


This document represents the final results of the project IFISE (Israeli Financing Innovation Schemes for Europe), which was supported by the European Commission under the Innovation and SMEs programme of the Fifth Framework Programme. Aims of this project were: (1) The validation of two Israeli programmes: Yozma and the Technological Incubators Programme; (2) The extrapolation of principles useful for the efficient creation of seed and venture capital schemes in Europe; and (3) The proposal of public schemes for the efficient creation of seed and venture capital sources in Italy.
Results of the project indicate that the Yozma programme, launched in Israel in the early 1990s, was an outstanding success. All indicators are consistent with this affirmation and indeed suggest that this simple and relatively small programme has created the current venture capital industry in Israel. It has thereby become a very strong contributor towards the incredible blossoming of the Israeli high-tech industry in the second half of the nineties.

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