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    Coat of ArmsMedia Release
    Minister for Innovation, Science and the Digital Economy and Minister for Small Business
    The Honourable Leeanne Enoch

    AgTech startup delegates to visit world’s best in Tel Aviv

    Minister for Innovation, Science and the Digital Economy and Minister for Small Business
    The Honourable Leeanne Enoch

    Thursday, May 18, 2017

    AgTech startup delegates to visit world’s best in Tel Aviv

    Innovation Minister Leeanne Enoch today (Thursday) issued a call to AgTech startups to join a Queensland trade mission in August to Israel, the world’s leading startup nation.

    Ms Enoch said an opportunity exists for local startups to learn from some of the most innovative companies revolutionising the agricultural sector.  

    “There’s no question that Queensland is laying the foundation to be one of the best locations globally for startups, but to rival major centres in Israel and the United States we need to ensure our local entrepreneurs rub shoulders with the best and gain exposure in well-developed innovation ecosystems,” Ms Enoch said.

    “Israel consistently ranks highly on innovation and entrepreneurship and is frequently referred to as the ‘startup nation’. We want to expose our businesses to their practices so they can learn as much as they can from them.

    Ms Enoch said that while Queensland was frequently visited by international investors and entrepreneurs, it was important to see global best practice firsthand.

    “I encourage Queensland AgTech startups to seriously consider this mission because it will provide unique networking opportunities as well as access to potential funding, customers and partners, including more than 300 multinational corporations with innovation operations in Israel.

    Ms Enoch said venture capital funds in Israel had raised $4.43 billion in over 700 deals in 2015.

    “That’s more venture capital per capita than any other country and we’d like Queensland entrepreneurs to tap into that,” she said.

    Ms Enoch said her department is collaborating with Austrade and Startup Catalyst to deliver the mission to Austrade’s Tel Aviv Landing Pad – a Commonwealth initiative to provide market-ready Australian startups with access to some of the world’s most renowned innovation and startup ecosystems.

    There are landing pads in Tel Aviv, San Francisco, Berlin, Shanghai and Singapore which provide Australian startups with a 90-day residency at an established co-working space, and advice and connections to assist them to scale up in a global market.

    Ms Enoch said Queensland’s inaugural Chief Entrepreneur, Mark Sowerby, who has a strong industry background in agriculture, is highly supportive of the mission.

    “Our mission partners believe AgTech should be the focus of this visit because of the strengths and synergies Israel and Queensland have in agribusiness,” she said.

    “We have already attracted Israeli startup CriskCo through our Advance Queensland Hot DesQ program, and they have been a fabulous mentor for local startups. We are very excited to continue to strengthen relationships with entrepreneurial powerhouse Israel.”

    The delegation of up to 10 select Queensland startups will spend a week in early August in Israel, based at the Tel Aviv Landing Pad in SOSA (South of Salame).

    The Queensland Government will partner with Startup Catalyst to deliver the mission and provide funding to successful startups to cover flights and accommodation.

    Applications open on Monday (22 May) and close on 18 June. For more information and to apply, visit www.startupcatalyst.com.au

    ENDS

    MEDIA 0412 393 909