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Technion gets $2.7M grant to launch an entrepreneurship and innovation hub

By Jesse Schwartz
Published: November 14th, 2018

The Israel Institute of Technology, also known as the Technion, has won a $2.7 million government grant to launch a new hub for entrepreneurship and innovation.

The “t-hub” will support entrepreneurial activities among the various Technion faculties through education, research and hands-on experience for students and faculty members. The overall goal is to transform the institute into a center for scientific and technological initiatives that will enhance both the Technion and its surrounding region.

“Two years ago, we initiated a comprehensive initiative aimed at developing and promoting entrepreneurship and innovation activities,” says Technion president Peretz Lavie. “The grant will enable the Technion to make a significant change in the scope of its entrepreneurial activities and to realize the establishment of the [t-hub], which will take the entrepreneurial culture on campus to new heights.”

The Technion is launching the new hub at a time when universities across Israel, which boasts the greatest number of start-ups per capita in the world, are churning out entrepreneurship courses to provide students and faculty with the tools they need to launch their own companies.

“These tools are designed to solve engineering, technological and scientific challenges over the course of a professional career, whether in start-up companies, in industrial, civilian or security companies, in companies that benefit the public or in academia,” says Adam Shwartz, senior executive president at the Technion and chair of the t-hub.

“Technion will integrate such thinking and activity in all its components and will establish the entrepreneurship center to concentrate, promote and empower the entrepreneurial culture throughout the campus,” says Shwartz.

Source: The Times of Israel

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