Sfat Hamidbar

In 2015, IVN and Bank Mizrahi-Tefahot embarked on a second 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.

Located in southern Israel, the venture employs and trains youth-at-risk (ages 16-17) in the art and profession of ceramics.

Joined IVN’s portfolio in 2015 within the framework of IVN’s partnership with Bank Mizrahi-Tefahot

STATUS: Mature

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 Employed as the Result of the Venture

  • 2015 – 4
  • 2016 – 5

Income Generated as % of Total Income

  • 2015 – 91%
  • 2016 – 69%