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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.

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The strategic framework and policy delivery system in Israel

This chapter examines the strategic framework and delivery arrangements for SME and entrepreneurship policies in Israel. Although many ministries and agencies have relevant policy interventions, there is no integrated, government-wide SME and entrepreneurship policy strategy. The government should craft a single strategic policy document which lays out the vision, objectives, target groups, policy measures and budgets dedicated to the support of SMEs and entrepreneurs in Israel. The SMBA is tasked with policy coordination across the government. It could be strengthened in this role by creation of an inter-ministerial committee and an inter-ministerial working group together with more adequate resources for policy coordination. The SMBA’s network of MAOF business development centres is a critical part of the delivery infrastructure for SME and entrepreneurship policy in Israel. They could play a greater role in the future by delivering additional services and reaching out to more SMEs and entrepreneurs. This should be accompanied by strengthened performance monitoring and staff development in the MAOF Centres.

English

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