Israel. The new hot spot for startups

POSTED ON December 5, 2016 @ 9:09 am

The new Start-up nation

The new hot spot for startups is now Israel. Almost every Australian business person including dozens from Fairfax Media who met in Israel said the country could teach us a lot about how to build an innovative economy and drive Australia forward into the 21st century.

Among the 350 people, was Australian businessman and Israeli resident James Packer, who made it to the Australian embassy’s Ozraeli party celebrating ties between the two countries on the ocean-front in ancient Jaffa.

It is fascinating that only three years ago, Australia wasn’t even on the map for the so-called start-up nation and there was no appetite in Australia for even doing so.

Israel & Australia deals are surging

Victoria has recently led the way in building hi-tech relationships with Israel, but NSW is putting on a late entry.

MYG-Group the Queensland based innovation business are also gaining a stronghold over in Israel and have recently opened up offices in Tel Aviv.  Their sister company which assists Israeli clients migrating to Australia has also just recently launched in Ramat Gan.

The Commonwealth Bank has also signed a deal last year with the Israel Office of Chief Scientist for emerging technology from Israeli startups.