Technion won a NIS 10 million (US $2.7 million) grant from Israel’s Council for Higher Education (CHE) in the “New Campus Vision” competition to set up entrepreneurship hub.
Technion – Israel Institute of Technology won a NIS 10 million grant for the advancement of entrepreneurship and innovation as part of a “New Campus Vision” competition of the Council for Higher Education. Israeli Education Minister Naftali Bennett and Chair of the CHE’s Planning and Budgeting Committee Prof. Yaffa Zilbershats announced the winners.
The grant will be used to establish t-hub – The Technion Entrepreneurship and Innovation Center, based on the strategic plan for entrepreneurship and innovation formulated by the university during the past two years. Technion is the only academic institution to win the competition individually.
“The grant from the Council for Higher Education comes at a perfect time,” said President of the Technion Prof. Peretz Lavie. “Two years ago we initiated a comprehensive initiative aimed at developing and promoting entrepreneurship and innovation activities on the Haifa campus connecting them to the new branches of Technion in New York and China. 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 Technion Entrepreneurship and Innovation Center, t-hub, which will take the entrepreneurial culture on campus to new heights.”