Episode Overview
“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.
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