30 steps to a billion: what i learned from israel on how toronto can become the next great...

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2016 END OF YEAR CELEBRATION KEYNOTE TECH IN MOTION 30 STEPS TO A BILLION. @thecfaktor FAKTORY VENTURES [email protected] Helping companies innovate and startups scale

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Page 1: 30 Steps to a Billion: What I learned from Israel on how Toronto can become the next great innovation hub

2 0 1 6 E N D O F Y E A R C E L E B R A T I O N K E Y N O T E T E C H I N M O T I O N

3 0 S T E P S T O A B I L L I O N .

@thecfaktor

FAKTORY VENTURES

[email protected]

Helping companies innovate and startups scale

Page 2: 30 Steps to a Billion: What I learned from Israel on how Toronto can become the next great innovation hub

FAKTORY VENTURES@thecfaktor

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1 6 0 m i l l i o n s t o r i e s 5 0 m i l l i o n u s e r s $ 7 0 M M v e n t u re c a p i t a l r a i s e d

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FA K T O RY V E N T U R E SH e l p i n g c o m p a n i e s i n n o v a t e a n d s t a r t u p s s c a l e

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Linear vs. Exponential Growth

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Exponential went mainstream

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E X A M P L E S

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M A C H I N E L E A R N I N G T O D I A G N O S E D I S E A S E

Zebra: Imagine teaching computers to read and diagnose medical images.

FAKTORY VENTURES@thecfaktor

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V R I S R E A L

Voke: Imagine experiencing live events in TrueVR™ from anywhere in the world FAKTORY VENTURES

@thecfaktor

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SpaceIL Becomes First Google Lunar XPRIZE Team to Produce a Verified Launch Contract

FAKTORY VENTURES@thecfaktor

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XJet brings to market the first ground-breaking 3D printing

system for metal parts

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Phytech, agritech firm that is bringing the Internet of Things to the plant world

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Otto is designing a new approach to modern transportation, starting with self-driving trucks. FAKTORY VENTURES

@thecfaktor

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FAKTORY VENTURES@thecfaktor

This $40,000 Robotic

Exoskeleton Lets the Paralyzed

Walk Thanks to SuitX

FAKTORY VENTURES@thecfaktor

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Flytrap is a delivery drone startup getting ready to take on UPS, Fedex and DHL

FAKTORY VENTURES@thecfaktor

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Mind-blowing Exponential Change!

Where??FAKTORY VENTURES

@thecfaktor

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Global Startup Ranking

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2000

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2016

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The 4 things I learned…

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1. Invest in your people!

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Start young.

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Reverse privilegeReverse privilege

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Mandatory Army Service

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7 World Class Universities Free and Affordable

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Commercialization of university IP Exponential technologies!

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500 incubators & accelerators!

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Access

Hey John Tory - Please will you make a maker lab in every school! -

Thanks Noah!FAKTORY VENTURES

@thecfaktor

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~ 60 accelerators and incubators

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2. Attitude

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A total of 2,537,410 foreign-born people accounted for 52% of Toronto's

population (5 out of 10 people were immigrants), and they represented 20.1%

of Ontario's population.FAKTORY VENTURES

@thecfaktor

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3. Storytelling

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“START-UP NATION addresses the trillion dollar question: How is it

that Israel — a country of 7.1 million, only 60 years old,

surrounded by enemies, in a constant state of war since its

founding, with no natural resources — produces more start-up

companies than large, peaceful, and stable nations like Japan,

China, India, Korea, Canada and the UK?”

FAKTORY VENTURES@thecfaktor

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4. Build Bridges Not Walls!

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3 5 0 G L O B A L M U LT I N AT I O N A L

C O R P O R AT E S H AV E R & D O F F I C E S I N

I S R A E LFAKTORY VENTURES

@thecfaktor

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8 5 % F O R E I G N I N V E S T M E N T

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4 0 0 K ! T E C H J O B S ( 1 5 % )

O N LY 9 8 K T E C H J O B S I N T E C H

C O M PA N I E S

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$1.9Bn

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Global Startup Ranking

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4. Build Bridges Not Walls!

3. Storytelling2. Attitude1. Invest in your people!

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FAKTORY VENTURES@thecfaktor

@thecfaktor

FAKTORY VENTURES

[email protected]

Helping companies innovate and startups scale