Ecommunity

The electronics manufacturing industry is one of the largest and fastest growing in the world, resulting in an ever increasing stream of waste products with harmful environmental consequences.

Recycling raw materials from end-of-life electronics is the most effective solution to the growing e-waste problem. Understanding the importance of this and as a way to provide employment opportunities for special needs populations in Israel, Ecommunity, a social enterprise, was established. Located in the north of Israel, Ecommunity is an electronic garbage recycling factory that employs people with special needs.

The company's two main goals are:

  • To enter into agreements with public institutions, government offices, companies and business entities in that they give Ecommunity priority in the sale or delivery of their e-waste and become the main source of e-waste removal and recycling.
  • To become the largest special needs employment center.

IVN’s goals within the partnership are to help the venture achieve financial sustainability, while becoming the largest special needs employment center in Israel.

Joined IVN’s portfolio in late 2012 as part of IVN's Tandem Fund.

STATUS: Current

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Mentors

Yossi (Joseph) Ben Shalom
Yossi is the co-founder of DBSI Investments Ltd., as well as active chairman of Pointer Telocation, Cimatron, Shagrir, Matzman & Merutz, 8 Note and director at Taldor and Danel. Before establishing DBSI, Yossi served as an Executive VP and CFO of Koor Industries and prior to that as CFO of Tadiran. He was also an active director on numerous boards such as NICE Systems, Machteshim Agan ,Bank Klali, and more, as well as an active chairman in large scale successful turnaround programs such as Eurocar Israel, American Express Israel  and Scopus Technologies.

 

Co-investors

IVN

Impact

Number of Employees

  • 2014 – 70
  • 2015 – 68
  • 2016 – 89

% of Employees with Special Needs

  • 2014 – 72% (51)
  • 2015 – 74% (50)
  • 2016 – 74% (66)

Self-generated Income as % of Total Income

  • 2014 – 76%
  • 2015 – 96%
  • 2016 – 92%