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Glossary

Affiliations

Refers to the accelerators, incubators and entrepreneurship programs that a company is affiliated to through past or current participation.

Alpha

The first version of the product, which is slated for testing and evaluation. For more information, see "Product Stage".

B2B (business-to-business)

The company sells its products and services to other companies.

B2B2C (business-to-business-to-consumer)

The company sells its products and services to the consumer via another company rather than selling to the consumer directly.

B2C (business-to-consumer)

The company sells its products and services directly to consumers, which are the end-users.

B2G (business-to-government)

The company sells its products and services to governmental organizations.

Beta

The nearly finalized version of the product, which is slated for testing and evaluation. This version usually includes all fully functional features of the product. For more information, see "Product Stage".

Business Models

Refers to the commercial relationship between a company and the type of entity it considers to be its customer. It can be one of the following: B2B (business-to-business), B2C (business-to-consumer), B2B2C (business-to-business-to-consumer), B2G (business-to-government).

Clinical trials

Early testing of a technology's functionality, applicability and safety. Relevant only to companies in the medical, pharmaceuticals and other biotechnology fields. In a clinical study, participants are assigned to receive one or more interventions (or no intervention) so that researchers can evaluate the effects of the interventions on biomedical or health-related outcomes. For more information, see "Product Stage".

Companies

In order to qualify for Finder a company must meet all the following criteria: (1) It develops a proprietary technology/invention, (2) it has an office in Israel with local R&D activity, (3) at least one of the founders must be Israeli (but they don't have to live in Israel). Types of companies that do not develop a proprietary technology/invention (criterion 1) and therefore are excluded from Finder are: Service providers, consulting services, advertising companies, design/software houses, mobile app developers, integrators. For example: (a) A company that solely answers client requests to write code or design products over which it will have no ownership, (b) a company that solely distributes products. Furthermore, if the company's R&D office in Israel (criterion 2) opened more than 1 year after the opening of the office(s) abroad then the organization should instead be considered a "foreign company with R&D in Israel" and should be listed under the MNC section.

Customer development

A stage in which the product is in the most initial stages of development. In this stage, the founders of the company are still engaged in market research, finalizing the direction of the product. For more information, see "Product Stage".

Product Stage

The current development stage of the company's first product: Customer development, R&D, Clinical Trials, Alpha, Beta, Released.

R&D

The extensive, focused process of developing the product and determining its target markets. For more information, see "Product Stage".

Released

For the product being available for use by the target markets (and beyond). For more information, see "Product Stage".