(photo credit: Courtesy)
The Technion-Israel Institute of Technology is set to launch a new MBA program,
which will focus on start-ups and entrepreneurship and be taught entirely in
English, for the next academic year starting in October 2013.
full-time one-year program, which will run at the Technion’s new Sarona campus
near Tel Aviv’s Azrieli Center, aims to provide “essential training in
management functions, underscoring the skills needed for entrepreneurs who are
interested in launching their start-up company or promoting entrepreneurship and
innovation in their organizations,” as the mission statement states on the
As part of their studies, students will be exposed to
the start-up scene in Israel through regular meetings with professionals from
various hi-tech companies.
The program will incorporate hands-on
projects, including an internship students will undertake toward the end of
“Theory is good, but it’s also very different from what
happens in the field itself,” the managing director of the Technion’s MBA
programs, Dr. Avital Regev Siman-Tov, told The Jerusalem Post
Siman-Tov explained that while she deals with all MBA programs,
this new one is her “baby.”
“It’s very different from the other
comparable programs you can find in Israel, and it’s different from what the
rest of the world offers too,” she said.
“We come from the country people
call the ‘Start-Up Nation,’ we think we can take international and Israeli
students and teach them to build a start-up from the beginning,” she
“The Technion is renowned for its strong link to the industry
and for all the big hi-tech companies that its graduates
Siman-Tov noted that the track is “quite exclusive,” and that
with only 40 spots available in the class, students will be carefully picked and
only “very high quality candidates” will be chosen.
Among the admission
criteria are letters of recommendation; a personal interview; an undergraduate
GPA of at least 3.0 from an accredited university; a GMAT score of at least 550;
as well as a minimum of two years of professional postgraduate
The curriculum, which Siman-Tov and her team have been
constructing for the past six months, is divided between core theoretical
courses, industry seminars and weekly corporate visits to start-up firms and
technological incubators, where students will attend presentations by
entrepreneurs and senior managers. Each visit will also feature a guided tour of
nearby sites in Israel.
Siman-Tov said the Technion targets international
students, both Jewish and non-Jewish, from all over the world.
“A lot of
them go study these things in the US, for example, but we can give them
something else that the US can’t. We may not be Wharton or Kellogg business
schools, but we are the ‘Start-Up Nation,’ and we are even cheaper that these
Tuition for the program is set at $35,000. In addition,
international students receive full assistance from the school’s social
coordinators in everything else surrounding their move to the country, such as
help in opening a bank account or obtaining medical insurance Siman-Tov also
sees the new program as a way to advocate for Israel, in that students “can be
great ambassadors of Israel if they go back home and say they learned how to
create a start-up from the best in Israel.”
“If these students can take
the great education that we offer them and do something with it back in their
homelands, we are doing a service to this country,” she added.