AUSTRALIA CREATING HIGH-TECH HUB IN TEL AVIV
Australia has decided to create two high-tech incubators abroad, one in Tel Aviv and the other in California’s Silicon Valley. The country’s US$1.1 billion “Ideas Boom” project was announced by Australian Prime Minister Malcolm Turnbull.
The project is aimed at making Australia a leader in the field of new technologies, while the money allocated to the project will be distributed by the Australian government over the next four years.
“Landing Pads will be created in key global innovation hotspots including Silicon Valley and Tel Aviv to give Australian entrepreneurs and startups a short-term operational base,” said Australian trade and investment minister Andrew Robb.
“This is a valuable new resource for Australian companies
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