Landing pads to help Australian innovators learn from the best
The establishment of a ‘landing pad’ in Tel Aviv, Israel, will provide emerging Australian companies with access to new opportunities to reach global markets.
The landing pad was announced overnight at an Australia-Israel Chamber of Commerce business lunch in Tel Aviv.
“Under the Australian Government’s National Innovation and Science Agenda, the Government will invest $36 million over five years through a Global Innovation Strategy to improve Australia’s international innovation and science collaboration,” Mr Pyne said.
“This will include $11 million to establish five landing pads in Tel Aviv, Silicon Valley and three other locations across the globe.”
Mr Pyne said Australia was one of the only leading innovative countries without established landing pads in key economies around the world.
“The five landing pads will provide market-ready startups with a short-term operational base in global innovation hotspots.”
“The initiative gives companies access to entrepreneurial talent, mentors, investors and a wider connected network of innovation hubs.
“The National Innovation and Science Agenda is designed to create a modern, dynamic 21st century for Australia.
“The landing pad initiative will help ambitious and creative Australian companies surround themselves with the knowledge, inspiration and access to markets they need to take that all-important next step.”
“My trip to Israel has been incredibly productive. I have met a range of university, research and government representatives to discuss commercialisation approaches, research collaboration and how Australia can best transform its economy into one based on innovation,” Mr Pyne said.