{"id":83545,"date":"2012-04-24T06:06:11","date_gmt":"2012-04-24T03:06:11","guid":{"rendered":"https:\/\/www.technion.ac.il\/blog\/startups-innovation-israel\/"},"modified":"2012-04-24T06:06:11","modified_gmt":"2012-04-24T03:06:11","slug":"startups-innovation-israel","status":"publish","type":"post","link":"https:\/\/www.technion.ac.il\/en\/blog\/startups-innovation-israel\/","title":{"rendered":"Startups, Innovation, Israel"},"content":{"rendered":"<p>Over 67,000 Technion graduates have made a dramatic impact on the destiny of humankind &#8211; generating innovation from memory sticks, through to infrastructure for 100% electric cars, and onto life saving medical treatments. Get the facts and figures!<\/p>\n<p>&nbsp;<\/p>\n<p>National researchers have found that investment in human\u00a0capital, in Technion undergraduate science and engineering students &#8211; has generated\u00a0exceptionally high (and risk free) social rates of return. Investment in human capital at Technion generates\u00a0a 76\u2010197% social rate of return, at least, or in\u00a0absolute terms, some $35\u2010$60 billion for 50 graduating\u00a0classes.<\/p>\n<p>The annual output of Technion graduates in\u00a0high\u2010tech industries and computer services,\u00a0communications and Research &amp; Development is\u00a0estimated at a minimum of $21 billion.\u00a0The median\u00a0income of Technion graduates is NIS 20\u201025,000\u00a0(gross income) per month, and is substantially\u00a0higher than both the average wage in the economy\u00a0and than the average wage of those with higher\u00a0education.<\/p>\n<p>The cost of the 2010 undergraduate class was approximately $1 billion (for four years of\u00a0education). The social return to Israel&#8217;s economy is estimated at\u00a0between $1.76 and $2.97 billion.\u00a0These calculations show that public investment in Technion science and engineering\u00a0education is highly profitable, with higher rates of return that almost any other\u00a0conceivable risk\u2010free investment.<\/p>\n<p>An overall estimate of Technion graduates\u2019 GDP contribution to the Israeli economy,\u00a0shows an annual output\u00a0of Technion graduates in high\u2010tech industries and computer services, communications\u00a0and Research &amp; Development at an estimated \u00a0$21 b., or some 20 per cent\u00a0of the total annual output of these industries.<\/p>\n<p>Technion engineers contribute to\u00a0generating some 78,000 jobs that support high\u2010tech industries, jobs that pay relatively\u00a0high wages.\u00a0Their contributions also find expression in the taxes they\u00a0pay, some NIS 16.6 b. or about $4.4 b., in direct and indirect taxes, or some 13 per cent\u00a0of the state revenue from direct and indirect taxes.\u00a0Findings in this research project show the unique contribution of Technion, through its\u00a0graduates, to creation of human capital over a century of its operations.<\/p>\n<p>Technion graduates participate in every facet of Israel\u2019s economy,\u00a0technology, education and management, especially in its high\u2010tech growth\u2010leading\u00a0sectors.\u00a0Other findings in the research, based on a Web\u2010based survey of some 4,000 Technion\u00a0graduates, indicate major contributions of individual Technion graduates to Israel and\u00a0the world.<\/p>\n<ul>\n<li>Some 67,000 persons have graduated from Technion since its first graduating class,\u00a0and some 90,000 degrees have been awarded. Of Israel\u2019s 125 top\u00a0business leaders, according to Dun &amp; Bradstreet, 41 (one\u2010third) are Technion\u00a0graduates. Of these, 28 head publicly\u2010listed firms, and 13 lead private companies.<\/li>\n<li>Technion graduates lead Israel\u2019s 11 top exporters which account for $19.5 b. in\u00a0exports out of a total of some $45 b., and employ 80,000 workers.<\/li>\n<li>Entrepreneurship: \u00a0of the 298 NASDAQ\u2010listed companies listed with \u201cnon\u2010American\u00a0origins\u201d, \u00a0fully 121 (41 per cent) are Israeli. \u00a0Of those, half (59) are led by Technion\u00a0graduates and\/or were founded by Technion graduates. \u00a0These Technion\u2010originating\u00a0startup companies had a market value of $28.4 b. (as of Nov. 2010).<\/li>\n<\/ul>\n<p><strong>Technion Inventions\u00a0<\/strong><\/p>\n<p>Among the widely\u2010used inventions or breakthroughs originating with Technion Faculty and\/or Technion graduates:<\/p>\n<ul>\n<li>Memory sticks (<a href=\"http:\/\/en.wikipedia.org\/wiki\/Dov_Moran\" target=\"_blank\" rel=\"noopener\">Dov\u00a0Moran<\/a>, M\u2010systems);<\/li>\n<li><a href=\"http:\/\/en.wikipedia.org\/wiki\/LZW\" target=\"_blank\" rel=\"noopener\">Ziv\u2010Lempel\u00a0<\/a>data compression algorithm (used in pdf);<\/li>\n<li>Rasagiline\u00a0(Azilect), for treating early\u2010stage Parkinson\u2019s, developed by\u00a0<a href=\"http:\/\/en.wikipedia.org\/wiki\/Rasagiline\" target=\"_blank\" rel=\"noopener\">Moussa Youdim<\/a>;<\/li>\n<li>Instant messaging (<a href=\"http:\/\/en.wikipedia.org\/wiki\/Yossi_Vardi\" target=\"_blank\" rel=\"noopener\">Yossi Vardi<\/a>, father3\u00a0of ICQ inventor Arik Vardi, was a key founder of Mirabilus);<\/li>\n<li>Better Place electric cars\u00a0(<a href=\"http:\/\/en.wikipedia.org\/wiki\/Shai_agassi\" target=\"_blank\" rel=\"noopener\">Shai Agassi)<\/a>;<\/li>\n<li>Ubiquitin, the protein that causes cells to die, showing potential for\u00a0new cancer treatments, discovered by Technion Nobel Laureates\u00a0<a href=\"http:\/\/en.wikipedia.org\/wiki\/Ciechanover\" target=\"_blank\" rel=\"noopener\">Ciechanover\u00a0<\/a>and \u00a0<a href=\"http:\/\/www.blogger.com\/\">Hershko<\/a>;<\/li>\n<li>Shechtmanite (quasi\u2010crystalline matter, once thought impossible,\u00a0discovered by\u00a0<a href=\"http:\/\/en.wikipedia.org\/wiki\/Dan_Shechtman\" target=\"_blank\" rel=\"noopener\">Dan Shechtman<\/a>);<\/li>\n<li>\u2018<a href=\"http:\/\/www.youtube.com\/watch?v=xwMx2lrfnyA\" target=\"_blank\" rel=\"noopener\">NaNose<\/a>\u2019 that sniffs cancer (<a href=\"http:\/\/www.jpost.com\/Magazine\/Article.aspx?id=155295\" target=\"_blank\" rel=\"noopener\">Hossam Haick<\/a>);<\/li>\n<li>Non\u2010invasive destruction of tumors by ultrasound (Insightec, led by\u00a0Technion graduate<a href=\"http:\/\/www.ted.com\/speakers\/yoav_medan.html\" target=\"_blank\" rel=\"noopener\">Yoav Medan<\/a>);<\/li>\n<li>Cardiac imaging through PC\u2010based ultrasound (Alex\u00a0Silberklang, who headed GE Ultrasound, based in Israel, for a decade), and a great\u00a0many more.<\/li>\n<\/ul>\n<p><strong>Industry and Startups\u00a0<\/strong><\/p>\n<p>Based on\u00a0a web survey of graduates:<\/p>\n<ul>\n<li>Out of 59,100 Technion graduates (who are currently of work age), one\u2010fourth (24\u00a0per cent) are either CEO\u2019s or VP\u2019s. \u00a0In addition, another 41 per cent fill management\u00a0positions.<\/li>\n<li>10,882 Technion graduates, or 18.4 per cent of all graduates, work currently,\u00a0or worked at one time, in startup companies.<\/li>\n<li>Some 13,500 Technion graduates, nearly one\u2010fourth of all graduates, at one time\u00a0initiated a business. Some 15 per cent of Technion\u2019s female graduates also launched\u00a0businesses at one time.<\/li>\n<li>Of all Technion graduates, 35 per cent work in industry, and 12 per cent work in\u00a0R&amp;D; thus nearly half of all graduates are employed in jobs that either directly\u00a0produce goods and services or help design and create them Of all Technion\u00a0graduates employed in industry, 75 per cent are employed in high\u2010tech industries.<\/li>\n<\/ul>\n<p>[embedplusvideo height=&#8221;388&#8243; width=&#8221;640&#8243; standard=&#8221;http:\/\/www.youtube.com\/v\/3RiIYgCC7Gw?fs=1&#8243; vars=&#8221;ytid=3RiIYgCC7Gw&amp;width=640&amp;height=388&amp;start=&amp;stop=&amp;rs=w&amp;hd=0&amp;autoplay=0&amp;react=1&amp;chapters=&amp;notes=&#8221; id=&#8221;ep2427&#8243; \/]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over 67,000 Technion graduates have made a dramatic impact on the destiny of humankind &#8211; generating innovation from memory sticks, through to infrastructure for 100% electric cars, and onto life saving medical treatments. Get the facts and figures! &nbsp; National researchers have found that investment in human\u00a0capital, in Technion undergraduate science and engineering students &#8211;&hellip; <a class=\"continue\" href=\"https:\/\/www.technion.ac.il\/en\/blog\/startups-innovation-israel\/\">Continue Reading<span> Startups, Innovation, Israel<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-83545","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Startups, Innovation, Israel - \u05d4\u05d8\u05db\u05e0\u05d9\u05d5\u05df-\u05de\u05db\u05d5\u05df \u05d8\u05db\u05e0\u05d5\u05dc\u05d5\u05d2\u05d9 \u05dc\u05d9\u05e9\u05e8\u05d0\u05dc<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.technion.ac.il\/en\/blog\/startups-innovation-israel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Startups, Innovation, Israel - \u05d4\u05d8\u05db\u05e0\u05d9\u05d5\u05df-\u05de\u05db\u05d5\u05df \u05d8\u05db\u05e0\u05d5\u05dc\u05d5\u05d2\u05d9 \u05dc\u05d9\u05e9\u05e8\u05d0\u05dc\" \/>\n<meta property=\"og:description\" content=\"Over 67,000 Technion graduates have made a dramatic impact on the destiny of humankind &#8211; generating innovation from memory sticks, through to infrastructure for 100% electric cars, and onto life saving medical treatments. 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