HaGal Sheli

IVN and Bank Mizrahi-Tefahot embarked on a joint Call for Candidates to identify and select seed-stage social businesses. The goal of this partnership is two-fold: (i) to develop and grow these enterprises and (ii) to develop a pipeline of promising social businesses that will feed into IVN’s flagship program: the Social Venture Program, a development program for more mature enterprises.

HaGal Sheli (meaning: My Wave) is a development program for at-risk youth, using wind surfing as a tool to acquire personal skills and empowerment. When a surfer falls from his board, he must immediately get up and try again. The youths are encouraged to see everyday challenges in the same way. School attendance is a prerequisite to joining the program. Upon completing the program, selected youths will join a professional course at the Wingate Institute for Physical Education and Sports and will work as counselors for Wingate’s surfing activities.

Joined IVN’s portfolio in 2014 within the framework of IVN’s partnership with Bank Mizrahi-Tefahot

STATUS: Mature

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Mentors

Reuven Reif

Reuven was a Senior Partner at Goldfarg, Levy, Eran & Co., one of Israel’s leading law firms, until his retirement at the end of 2007. Reuven remains Of Counsel to the firm.

Naftali (Tali) Idan

Former CFO at Ceragon, Tali currently serves as director at Lumenis and is involved in a number of social organizations. As a seasoned financial executive, having served as CFO in leading Israeli hi-tech companies, Tali brings with him years of invaluable experience.

Co-investors

IVN and Bank Mizrahi-Tefahot

Impact

Number of Youths in the Program

  • 2014 – 100
  • 2015 – 250
  • 2016 – 450
  • 2017 – 500

Number of Youths Employed as Counselors

  • 2014 – 3
  • 2015 – 10
  • 2016 – 25
  • 2017 – 30

Self generated income as % of total income

  • 2014 – 22%
  • 2015 – 25%
  • 2016 – 28%
  • 2017 – 35%