Technion gets $1 billion from US supporters

University secures its place as a leading global institution.

June 16, 2010 00:02
1 minute read.
Dr. Lena Lavie and Prof. Peretz Lavie work at the

lena peretz lavie 311. (photo credit: Yoav Bachar)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The Technion – Israel Institute of Technology has secured its position as a leading global university with the help of a $1 billion fundraising effort by The American Technion Society.

“This major achievement is a testimony to the dedication of our American supporters,” Prof. Peretz Lavie, president of the Technion, told The Jerusalem Post Tuesday.

Be the first to know - Join our Facebook page.

“Especially taking into account the economic crisis, the achievement is mindboggling.”

In recent years, the Technion has made a name for itself in the fields of nanotechnology, computer science, biotechnology, water resource management, materials engineering, aerospace and medicine. With the funds from ATS, the university has constructed major research centers and teaching facilities, as well as provided thousands of students with scholarships and fellowships.

As technology expertise becomes increasingly important in this hi-tech age, Lavie said, the Technion has transformed from an Israeli to an international institution.

“The Technion is perceived not only as an Israeli institute, but as a world innovator,” he said. “Our graduates are the backbone of the hi-tech industry… You cannot talk about the hi-tech industry in Israel without talking about the Technion.”

The historic “Shaping Israel’s Future” campaign, which has spanned 13 years, sets the record for the largest amount of funds ever raised by an American organization for Israeli higher education, according to ATS.

Looking to the future, Lavie is concerned about how the economic crisis will effect future ATS efforts.

“I believe we are facing tougher times,” he said.

“The economic crisis will have an impact and we will see some decline in commitment...

Now is the time that the government gets involved.”

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection