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.



National programmes for SMEs and entrepreneurship in Israel

This chapter assesses programmes supported by the national government to promote the development of SMEs and entrepreneurship in Israel. It covers programmes in the areas of financing, innovation, internationalisation, entrepreneurial culture and skills, workforce skills, business advice and assistance, public procurement from SMEs and dedicated initiatives for particular social target groups. The chapter discusses many successful programmes, including SME loan guarantees, R&D grants and business advice and consultancy services. It also identifies a number of areas for potential improvement. These include extending the duration of loan guarantees, expanding support for non-technological innovation in SMEs, increasing the emphasis of export programmes on new exporters, and expanding support for workforce training in SMEs.



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