A comparative study of innovation cultures in Israel & Australia

Justin attended the 2012 AICC Delegation in Israel where he represented Monash University's Faculty of Arts. Justin studies a Bachelor of Arts.

Introduction

“An investment in knowledge always pays the best interest.” - Benjamin Franklin

Israel’s innovation culture is intrinsic with its economic success. This report provides an analysis of Israeli innovation and submits Israeli ideas that Australia can adapt in developing its own innovation economy. It is comprised of three sections: Part I examines Israel’s approach to innovation and industry development and offers a perspective into the cultural and political factors that cultivate it. Part II asserts that despite the cultural differences there are lessons Australia can learn from the Israeli innovation culture, particularly in its cultural conception of economic risk. Part III proposes solar energy as an area where these lessons can be applied.

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