NSW startups head to heart of Israeli innovation

NSW startups head to heart of Israeli innovation

Ten NSW fintech and cyber security startups are headed to the epicentre of Israel’s startup ecosystem next month for a ten-day global innovation masterclass.

Minister for Innovation Matt Kean said the final startups (listed below) now had a unique opportunity to harness the Austrade Landing Pad in Tel Aviv, after a competitive application process.

“NSW has some incredible startup talent, particularly in the fintech and cyber security sectors, and this is a fantastic opportunity to showcase that talent on a global stage,” Mr Kean said.

“The opportunity for the state’s best startups to visit Tel Aviv and learn from some of the world’s top innovators is absolutely the chance of a lifetime.”

Mr Kean said the ten-day mission was sponsored by the NSW Government, in partnership with Austrade, and aimed to strengthen links between NSW and Israel startups.

“Our emerging innovators will be mentored by world-leading entrepreneurs, meet with venture capitalists, and be immersed in the Tel Aviv startup ecosystem,” he said.

“The NSW Landing Pad mission is all about helping home grown startup talent develop their business models to in turn excel in global markets.”

The ten-day intensive program includes:

  • Meetings with mentors to address business or technical challenges;
  • Opportunities supported by a new NSW/Israel innovation agreement;
  • Meetings and engagement with globally successful Israeli fintech startups; and,
  • Attendance at the world’s biggest startup industry event, the DLD Festival.

Minister for Trade and Industry Niall Blair said the NSW-Israel trade relationship was going from strength to strength.

“NSW is the startup capital of Australia so it makes sense that our ties to Israel’s innovation ecosystem are robust and ongoing,” Mr Blair said.

“This year’s cohort also demonstrates NSW innovation isn’t just Sydney-centric with some outstanding entrepreneurs from our regions too.

“I look forward to welcoming Israeli startups to NSW where our rapidly evolving startup ecosystem has been boosted by the new Sydney Startup Hub.”

The 2017 NSW Government-Austrade Tel Aviv startup mission participants are:

  • Goodments
  • Ping Data
  • CurrencyVue
  • First Rung
  • Upload Once
  • FARMpay
  • Ditno
  • Audeamus Risk
  • Spriggy