Debtset – Bailiff-Sheriff Aust MEMBER Login
International innovation hubs come into play
INTERNATIONAL innovation hubs in five key markets are being established by the Federal Government as part of its Global Innovation Strategy.
Trade and Investment Minister Andrew Robb said the overseas hubs – to be called Landing Pads – would assist emerging Australian companies with in identifying and engaging with international opportunities in overseas markets. 
“Landing Pads will be created in key global innovation hotspots including Silicon Valley and Tel Aviv to give Australian entrepreneurs and start-ups a short-term operational base,” Mr Robb said.
“A Landing Pad provides for a collaborative workspace and facilities including office space and meeting rooms for up to two months, as well as accelerated access to international business networks, entrepreneurial talent, business development and investment opportunities.
“The Landing Pads will be established by Austrade in the US and Israel, with a further three locations to be identified in the near future,” Mr Robb said.
“Austrade will also provide access to tailored services including mentoring, business coaching, identifying investors and potential business partners.
“This is a valuable new resource for Australian companies and will help foster the innovation and entrepreneurialism we need to create new jobs and build the industries of the future,” Mr Robb said.
Mr Robb said the Global Innovation Strategy was the key international element in the Australian Government’s $1.1 billion National Innovation and Science Agenda (NISA) and will support Australia’s ongoing economic diplomacy and science diplomacy efforts globally.
“Through the strategy, Austrade will receive $11.2 million in new funding to establish five Landing Pads and also develop a new annual in-bound innovation forum to foster collaboration and encourage international market experts, entrepreneurial talent and investors into Australia,” Mr Robb said.
He said a focus on innovation will also be a key theme of Ministerial-led business missions such as the forthcoming Australia-United States Business Week, February 16-26, 2016.
ends
