Monday July 22, 2019

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Technion Takes Manhattan

Technion - IIT (logo) Admin

Image via Wikipedia

Last month’s announcement that Cornell University and Technion won the bid to create a state of the art technology campus on Roosevelt Island was a confirmation that the  Israel Institute of Technology is as respected abroad as it is at home.  According to The Jewish Week, Technion has generated a wealth of Israeli technology business. More than 70 percent of Technion’s graduate work in the high-tech field, while nearly one half of the 121 Israeli companies listed on the NASDAQ are headed by the school’s graduates. About 4,000 startups surround the university.

The school opened in 1923 with 17 students. By 1948, when Israel was established, the school established electrical and mechanical engineering departments and helped developed the country’s infrastructure. Its aeronautical engineering department became the backbone of Israel’s air force and aerospace industry.

Paul Feigin, Technion’s senior vice-president, told The Jewish Week that the university won the bid because of its practical plan to court high-tech giants and startups, based on its own success.  IBM, Microsoft, Intel, Yahoo and Google have all built R&D centers near the university and employ many students and graduates.

The Jewish Week