“In order to finance these failures, you need money.”
– Honourable Rafael Barak, Israel’s Ambassador to Canada
Did you know that in Israel, almost 4 per cent of GDP goes towards innovative developments? Israel is a leading hub for startups and innovation. Tel Aviv was ranked the fifth best startup ecosystem according to Compass. It was the only city outside the United States to break the top five.
According to the Honourable Rafael Barak, Israel’s Ambassador to Canada, failure is part of the innovation process.
In this episode of the Startup Canada Podcast with host Rivers Corbett, Barak explains the secret sauce behind Israel’s innovative culture and how the Israeli government is actively exploring new ways to collaborate with startup ecosystems in countries like Canada.
The Startup Canada Podcast Show is a production of Startup Canada, a grassroots, entrepreneur-led movement to bring together, celebrate, and give a voice to Canada’s entrepreneurship community. On the podcast, award-winning entrepreneur host Rivers Corbett speaks with the movers and shakers of Canada’s entrepreneurship community to give a glimpse into the future of business, and share insights on everything from social innovation to the future of work, investing, and why we need to think bigger to take our businesses global. Join Rivers Corbett for new episodes every Tuesday airing at 10 AM ET for lessons, trends, and opportunities in entrepreneurship from Vancouver to Fredericton; and Israel to Peru.
You can find every episode of The Startup Canada Podcast Show at www.startupcan.ca/podcasts/.