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The Kinrot Incubator A Rainbow of Water Technologies

The Kinrot Incubator A Rainbow of Water Technologies. Assaf Barnea CEO March 2008. Israel- Positioned as a Know-How leader in the Global Water Market. World largest Desalination plant Ashkelon (RO) World record in waste water reuse (75% of total consumption, next Spain 12%).

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The Kinrot Incubator A Rainbow of Water Technologies

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  1. The Kinrot IncubatorA Rainbow of Water Technologies AssafBarnea CEO March 2008

  2. Israel- Positioned as a Know-How leader in the Global Water Market • World largest Desalination plant Ashkelon (RO) • World record in waste water reuse (75% of total consumption, next Spain 12%). • Leading position in Dripping Irrigation systems. • Unique integrated water management system (4 water sources to one system). • Unique National carrier project including • 4th largest Filtration plant in. • Leader in Technology Innovations

  3. A Known Hub of Innovations & Technologies

  4. The first “Exit”… in water..probably not the last

  5. Ben Gurion: a new perspective on Water and Science((Sede Boqer 1955 • “The prophets in the Bible never accepted the droughts of the Negev and envisioned that one day “water will flow out of the desert and streams from the Aravavalley.” • “It is here in the Negev that scientists and researchers are faced with the challenge of transforming sea water into fresh water”..

  6. Israel’s national program for promoting the country’s water industry -Agamim 10 “NewTech” Comprehensive governmental policy Dedicated Incubators for water technologies Mekorot’s Encore Role Supporting international cooperation Strengthening Academic Research Funding and capital

  7. Israel’s Incubator Program

  8. The Kinrot Incubator-Profile • Israel’s first and only Water Dedicated Incubator. • Privately held by the Canadian Stern Group in cooperation with the Israeli Chief Scientist and a local management team. • Strategic Partnership with Israel’s national water company Mekorot. • Advisory Board composed from Israel’s best water experts. • Focusing on screening the most promising ideas from Israel’s top academy and water institutions. • A solid platform for developing and commercializing water innovations.

  9. Mekorot – Israel’s National Water Company Total Assets- $ 3 B AAA rating $ 600 M revenue 2000 employees 80% of the total water consumption

  10. The Kinrot’s Incubator Portfolio • Eltav –Wireless solution for valves in the process industry. • C Filter- membranes from Composite materials. • AgrifectAgrifect .ppt • Aqua Digital- digital flow meter • Locyan- Biological solution for cyanoric acid in swimming pools

  11. The Incubator Platform- Idea Patent Exit towards an Exit Technology R&D of the incubator company towards Beta testing Following the approval of the OCS-a start up is born in the Incubator Initial sales, external rounds of Financing Initial screening of the Deal flow by the Incubator

  12. The ROI -Evaluating the Start Up DNA …”Show me the Money…”

  13. “A Genius is an African who dreams up snow”Vladimir Nabokov • Promising Entrepreneurs. • Ideas that can transform into technologies. • Strategic Partners. • Potential Investors. • Beta Site with potential customers.

  14. It just looks transparent… but there is no such thing as “Just Water..”

  15. Water Technologies- Atlantium Bio films and Fish tank disinfections

  16. Water Technologies – Blue I • Blue I offers advanced analytical systems and support for total water quality management. • About 25 people, offices in Tel Aviv and Production line in Jerusalem. • Initial sales through global distributors. • Beta Agreement with Mekorot- Multi Parameter sensor • Estimated time line - 6 Months at Mekorot Premises.

  17. Efficiency Improvement Quality Improvement Flow Control & Management Israel Water Industry by Sector (2005) New companies Established companies (108 companies) Export activity),M900$) Others Pipes Desalination 4 Desalination 30 1 Water security 7 Filters Water Purification and Improvement 36 Irrigation and Agricultural projects & products 400 Efficiency improvement 8 70 70 Measurement & Analysis 9 Engineering & Projects 115 Flow & other control 14 Valves & Meters Wastewater Treatment 30 190

  18. Israel - the Beta Site Bridge for Water Innovations Southern MID-West California Arizona Nevada Death Valley

  19. Water Technologies Market (2006) Other • Consulting and engineering •Residential products 400B$ Water Technologies •Water Treatment (municipal, industrial) • Desalination and waste water treatment • Water monitoring and equipmentcontrol • Water security B35-40$ Infrastructure (Construction & management) •Basic equipment (pumps, pipes) • Construction • Basic agriculture equipment • Municipal water utility management B80-100$ B230-260$

  20. 3B 1B 2025 2004 Depleting Resource – Future Global Water Shortage Water Shortage Areas People living under water stress* Water Demand Growth Exceeds Population Growth Source: Seckler et al, 2002 *varies according to definition

  21. A Significantly Growing Market A comparison between global markets Forecast for annual growth rates for the years 2004-2008 $600-800B $600-650B $500-600B 7-8% $400-450B $400B 10-12% $300B 6-7% $200-250B $40B Traditional segments Accelerated growing segments Semi conductor Biotech Telecom Equipment Electric Power (E) IT Cellular Pharma Water

  22. Singapore-a tip of the iceberg

  23. Targeting Water Market Opportunity Investment Funds Companies Global Water Market • Designated funds (enhanced in 2005) • Traditional investment entities taking part States

  24. Year Total Number of Deals Total Volume ($M) • 1996 • 1997 • 1998 • 1999 • 2000 • 2001 • 2002 • 2003 • 2004 • 2005 • Total • 9 • 12 • 21 • 38 • 63 • 28 • 65 • 61 • 58 • 34 • 389 • 456 • 666 • 1,306 • 4,267 • 16,065 • 581 • 2,273 • 1,189 • 1,834 • 2,475 • 31,112 Israel- “The Silicon Valley of Europe”M&A Transactions (1996-2005) Source: Israel Venture Association

  25. “Come on in, the Water is fine…” Thank you Assaf Barnea, CEO abarnea@kinrot.com

  26. AgrifectFertigation Control & Management March 2008 26

  27. The Need - Filed Crops • Optimize Water usages (Irrigation) • Optimize Fertilization usages • Improving (Quantity & Quality) yields • Saving costs. • Comply with agriculture standards (EurepGAP etc.) • Minimize detrimental environmental – Aquifer Pollution 27

  28. The Problem • Mass labor procedures (manual) aimed at meeting the “Repeatability” test. • No available agronomic consultant support • Analyze Test Results - knowledge gap. • Many years of habit (Culture) • Currently Fertigation price is not too high • None Standards Bodies Enforcement 28

  29. Agrifect Mission Delivery of a comprehensive solution An automatic Sampling, Monitoring (i.e. NO3, EC), and Farmer Fertilization recommendation to the Precision Farming market. 29

  30. Potential Market • Crops required chemical fertigation in: • regular soil • combined media (soil and substrate) • Millions of farmers worldwide 30

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