Accelerator scheme for fintech and cybersecurity startups.

The NSW Government, in collaboration with Austrade, has this week announced an intensive accelerator program which will be open to Australian fintech and cybersecurity startups.

The program will take place in Tel Aviv, Israel over a 10 day period and will include meetings with Israel-based nationals as well as providing startups an opportunity to explore commercial partnerships under a new NSW/Israel innovation agreement.

A spokesperson from the Department of Industry said the extension of the program for another year, as well as the inclusion of an additional two startups in the program, lies in last year’s success.

“The success of last year’s cohort shows there is significant value in supporting NSW entrepreneurs with exposure to the Israeli ecosystem,” the spokesperson said.

Tel Aviv is becoming a global startup powerhouse, ranking sixth overall in Startup Genome’s 2017 Global Startup Ecosystem Ranking and has the highest number of startups per capita internationally.

Currently, the program does not involve startups from Tel Aviv visiting Sydney.

Read the full article by Elizabeth Barry at finder.com.au.

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