Posts Tagged ‘ie israel club madrid chapter#8217;

8
Jul

SharadSharad has recently graduated from IE Business School. He’s an IT professional who has worked for clients in the financial and manufacturing industry located in Asia and the US. Because of his interest in the technology field he chose an exchange program in Technion, Israel.

Sharad, when you attended the presentation “Tel-Aviv as a startup city”, we were surprised to discover that you were traveling to Israel that exact week. Could you explain what made you choose Israel as your exchange country?

Coming from a technology background I’ve always heard a lot of stories about tech startups from Israel, and I always wanted to experience Israeli culture and have the opportunity to know more about it. Global network week at IE was the perfect opportunity to go to Israel and meet startups and students from around the world. Summarizing I can say that it was an amazing experience.

Israel has a certain image that misleads people causing them to not know that Israel is a highly innovative and entrepreneurship based country. What have you discovered about Israel that surprised you?

From the many things that made me love the country, two things stood out:

•    Government’s support: Finding out that the government spends over 6% of its GDP to provide resources for startups, which is highest in the world, was quite impressive.

Being such a small country, I was impressed to know how they have managed to produce so many success stories out of such a small population.

•    Army training: I found out details about the mandatory army training and also about  the traveling preferences people have after serving in the army, with most people choosing to go to India and/or Latin America for a couple of months. I also found out about “The Hummus Trail”, a set path that a lot of Israeli people follow when they visit India.

In your opinion, what drives the entrepreneurship spirit in Israel?

techrionAs I understood, it’s the perfect blend between culture and the governments support. It’s deeply embedded in their culture that people want to create something innovative and the government supports them for this. This combination is hard to find or re-create in other countries. And I think what Israel has achieved is commendable.

What did you learn during your time in Israel?

Because it is a big tech-hub, one of my main reasons to go to Israel was to try and find leads to get work in the country. But what I learnt was the difficulty to work in the country if you are not Jewish. I’m not sure if many people try to seek employment there, but it is definitely more complicated for companies to hire someone who is not Jewish than hiring a Jewish person.

The country can invite a lot of external talent if the correct policies are in place to make it easy for companies.

What can you recommend to people who want to have the same experience and come to work in Israel?

I would recommend people to do some research about the country before going; network as much as they can and be specific about what they want to find out in their visit. I found that people in Israel are nice and helpful, so it is easy to reach out to them and ask for information if needed.

Interviewed by Nir Hindi, IE Israel Club Madrid Chapter
(Twitter: @nirhindi)

17
Jun

IE Israel Club interviews IE exchange student in Israel

Written on June 17, 2014 by Campus Life in Geographic

lucLuc is a fresh graduate from the international MBA at IE Business School. Luc, a Swiss lawyer with professional experience in Investment Banking and Tax consulting, chose to visit Israel for short exchange in the Technion University. I met Luc to discuss about his experience in Israel.

Luc, it is interesting to know why you to choose Israel as your exchange country?

I have always been interested in Startups and Technology and if you are interested in these subjects there are two places you should visit: Silicon Valley and Israel. We had the option to visit Israel so that was my choice. Moreover, around the time of the decision where to do my exchange week, Google bought Waze for 1 Billion dollar which increased the interest in Israel even more.

Israel has a certain image and many times people are surprised to discover that Israel is such an innovative and leading tech society, what have you discovered about Israel that surprised you?

What I found interesting is the fact that in Israel people are not afraid to fail. They are risk takers and there is kind of a notion that you don’t have to be the smartest person on earth in order to try do things, so they try – if they have an idea they will go for it, and if it will be a success it is good and if not, that’s ok too. We had a few entrepreneurs who shared their failures stories with us and they spoke about it in a very open and honest way.

It is interesting to see that all the big companies in the world have a presence in Israel especially with R&D Centers. Companies like Facebook, Google, Apple, Ebay and many more. We visited Google campus in Tel-Aviv and they have a very cool atmosphere there, very relaxed and surprisingly it is very big in size. I never experienced something like this. The visit to google campus was very unique and interesting and its obvious that Google must be gaining from being there.

We also visited Microsoft R&D center and this as well was big in size and very professional. We had a conversation with the R&D manager in which he gave us insights to their work. Their employees fully committed to help startups to grow and it is not necessarily that they will benefit Microsoft directly. The atmosphere is impressive. It is a great opportunity for startups to be there and as for Microsoft too, I think they access to the new trends coming out of Israel through this way.

What I also liked about Israel is that no matter where you go there is a very informal atmosphere… Everyone is dressed casually – no formality.

israel clubMany people try to understand why Israel is such an entrepreneurial country. In your opinion, what drives the entrepreneurship spirit in Israel?

Well I believe that for Israeli entrepreneurs it’s not about the money; they get into entrepreneurship to change and to create new things and they like to do it while having fun and enjoying life. The people have a lot of energy and they put into creativity while working very hard at the same time.

What did you learn from your time in Israel?

I learned that in order to be a successful entrepreneur you don’t have to have a fancy office. I was Impressed to see that many startups have their office is in the streets of Tel-Aviv sitting outside in coffee shops and open spaces. You don’t need anything to become an entrepreneur and have your own company. You just need to do it. One can’t believe that he/she can start a company on a bench in the boulevard.

In your opinion, why should other people visit Israel?

I think that if you are interested in entrepreneurship you definitely should visit Israel. It will give you a close insight to one of the top places in the world for entrepreneurship; the spirit is everywhere. You get to see the whole eco-system for startup incubators, VC’s, entrepreneurs, investors and more.

You also get to know a very nice country; a place that normally you don’t know; unique culture, great life style, beach, blue sky. The people are friendly, lively, vibrant, and diverse – it’s not what you see on TV or read in the newspaper. It is a unique combination of business, fun life and history

 

Interviewed by Nir Hindi, IE Israel Club Madrid Chapter

4
Jun

IE Israel Club panel with entrepreneurs

Written on June 4, 2014 by Campus Life in Geographic

VCPANELOn Saturday, May 17th, the Israel Club Madrid Chapter organized a unique panel with 3 Israeli start-up entrepreneurs.

The main purpose of the panel was to bring hands-on entrepreneurs in the different stages of their ventures, share their experiences and ask them questions that are important on the entrepreneurship process.

In the conversation each of the presenters presented his journey and experience with Entrepreneurship and Venture Capital and after an open panel for Q&A.

The entrepreneurs that participated in the panel:

–       Omri Morgenshtern- CEO of Qlika, a recently acquired start-up, focused on digital marketing. 

–       Yuval Ariav – Co-founder and CTO of a new and promising company called Fundbox, which has recently raised 17.5$ Million in series A funding.

–       Nadav Weizmann – Is the co-founder and CTO of a new venture called Docady.

The Panel was very interesting and enlightening. Many tips, day-to-day experiences and challenges were shared, along with strategic view and insightful advices. Main topics discussed were – Advices for people interested in starting their venture, finding the right idea, the entrepreneurship day-to-day life and challenges, raising money, dealing with VC, and more.

IE Israel Club Madrid Chapter

1
Jun

IE Entrepreneurship Club 2014 Events

Written on June 1, 2014 by Campus Life in Geographic, Professional

blablacarThe IE Entrepreneurship Club wants to thank all the other clubs for the collaboration on various events that were hosted this year. We kicked off the year with a new website  and promo video thanks to IE Hivezilla Business Design Club and we opened our events series with a workshop on “Social Media Marketing on a Shoestring Budget” in collaboration with the IE Marketing Club, when we taught entrepreneurs how to use Facebook as a marketing tool. Next on the agenda was “Startup Hubs of Europe – London, Berlin, Tel-Aviv”, when we provided information on the ecosystem to those who are interested in setting up their businesses and working for startups in these cities. A special thanks goes out to the IE Israel Club for this lecture and at last but not least, thanks to the IE France Club’s connections, we could host the country manager for Spain & Portugal of the successful startup; BlaBla car. We hope to continue the collaboration with other IE Clubs in the future. Thank you and please visit our Facebook Page.

IE Entrepreneurship Club

28
Apr

The Israeli-Spanish Venture Capital market

Written on April 28, 2014 by Campus Life in Geographic

2014-04-02 16.56.11On April 2nd, the IE Israel Club had the honor to host Venture Capital guest speakers. Yuval Avni, partner at GizaVC and Veronica Trapa, Managing director at Swanlaab. Founded in 1992, GizaVC is one of the leading VC firms in Israel. Swanlaab is a Spanish VC firm aiming to help Spanish start-ups to scale up. It was established as a joint venture between GizaVC and IVC – a Spanish consulting group.

In the session, Yuval and Veronica discussed the Venture Capital industry, the ecosystem in Israel and Spain, opportunities and how-to’s. We learned how a VC firm builds a portfolio, assess risks and most importantly, creates value for their investors and investees.

2014-04-02 16.17.38The ongoing economic crisis has created opportunities in Spain for entrepreneurs. High unemployment rate, combined with good engineering education and relatively low-cost engineers compared to other places, have led young people to an immigrate-or-innovate approach – the latter appearing as more attractive. Furthermore, government incentives for investors and entrepreneurs also fertilize the ecosystem. Yuval and Veronica also explained that there is an equity gap in Spain, providing opportunities for venture capital firms, which are investing between three to nine million dollars per venture.

If you are interested in learning more about the Israeli eco-system or you are planning to visit Tel-Aviv, contact us at Israel.Club@ie.edu, and visit our Facebook page.

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