SME and Entrepreneurship Policy in Israel 2016

image of SME and Entrepreneurship Policy in Israel 2016

This report examines Israel’s performance in stimulating SMEs and entrepreneurship and makes recommendations for government policy. A dual economy has gradually emerged in Israel, in which high rates of successful technology-based entrepreneurship contrast with low average productivity and growth in traditional SMEs. Israel has excellent framework conditions and programmes for technology-based start-ups and SMEs in areas such as R&D, high-level skills generation and venture capital finance. These strengths need to be maintained. At the same time, more needs to be done to spread success to all types of SMEs and all groups of the Israeli population. This report recommends a range of new and expanded interventions for example in access to credit, broad innovation, workforce skills development, management support and entrepreneurship education. It recommends underpinning these actions with a national SME and entrepreneurship policy strategy and new arrangements for inter-ministerial co-ordination.



Medium-sized enterprises in Israel

This chapter provides an assessment of the performance of medium-sized enterprisesMedium-sized enterprises are defined in this chapter according to the definition followed by the Israeli Small and Medium Business Agency (SMBA), i.e. “companies with between 20 and 99 employees”. in Israel with respect to number of firms and employment, labour productivity and innovation. It identifies a significant productivity gap affecting traditional medium-sized enterprises in traditional manufacturing. It then examines Israel’s policy framework in six main areas relevant to improving growth, productivity and innovation in medium-sized enterprises: workforce skills development, improving management skills and practices, access to finance, supply chain development, public procurement and innovation. A particular focus is on developing programmes to support medium-sized enterprises in traditional manufacturing sectors.




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