There are things Australia can learn from Israel’s startup scene, according to the assistant minister for innovation Wyatt Roy.
Roy recently toured Israel with a group of Australian entrepreneurs. Hoping to learn something from a startup scene that is growing 26% year-on-year and employs 20,000. In a country with just 8.4 million people, there are 298 “foreign research and development” centres and the tech industry employs 300,000 people.
The need for change was highlighted by the government’s recent innovation report. It labelled Australian companies as “inward looking” and emphasized the importance of an entrepreneurial culture.