(Tel Aviv, Israel) – The Technion–Israel Institute of Technology, one of the world’s top institutions of its kind, announced the launch of the international 'Start-uP MBA' program (http://www.technionmba.com).to start October 2013, along with a brand new international Master (M.E) degree program in Systems Engineering.(http://www.technionme.com/). The leading Israeli institution will offer these degrees to international students from all over the world.
The M.E program in system engineering is an intensive and accelerated program spanning 15 months taught entirely in English at the Technion campus in Haifa. The program was created in cooperation with the Israeli Defense Industries and as a result meets the industry requirements of engineers. The program incorporates hands-on classes and teaching techniques designed to assist experienced engineers to further develop their career.
Students are exposed to tools and skills that are essential for global competition in the 21st century. The courses are taught in English by internationally renowned lecturers and industry leaders in the various fields that encompass systems engineering.
Exemplifying the highest academic standards fused with real-world applications, the Technion's Start-uP MBA program incorporates in-demand internships in start-up companies and exposes students to multinational high-tech corporations operating in and around Tel Aviv, Israel's business hub. The program will be taught in English by distinguished, world-class Technion professors, internationally-renowned guest lecturers and entrepreneurs with proven track records in one of the world's most thriving innovation centers.
As the only Israeli member in Yale University's Global Network for Advanced Management, the MBA program will leverage international collaborations with leading business schools around the world. The program will also benefit from a joint venture between the Technion and Cornell University.
The Start-uP MBA's exclusive model was developed by the Technion following intensive market research and consultations with CEOs, entrepreneurs and MBA students, who indicated the need for managerial training that offers a relevant and resilient toolkit for entrepreneurs and managers engaged in technology management and innovation. The Start-uP MBA program will involve students in practical projects and internships in start-up companies to augment essential training in management functions.
The program emphasizes the skills needed for entrepreneurs focused on launching start-up companies and for managers seeking to promote entrepreneurship and innovation within their organizations. The one-year international MBA program is open to candidates with two years of professional post-undergraduate experience and will be taught at a new Technion campus in Tel Aviv.
"The entrepreneurial and innovative spirit is embedded in the DNA of Israeli culture, and combined with the scientific and technological strengths of the Technion, the Start-uP MBA program will offer significant added value to graduates," said Professor Miriam Erez, Vice Dean of MBA programs at the Technion.
"As the original start-up nation, Israel has nurtured numerous successful companies over the past decades," added Professor Dovev Lavie. "Many of these businesses are led by Technion graduates. We offer unparalleled insight and provide students from around the globe with first-hand experience in entrepreneurship and innovation."
The Start-uP MBA program integrates the Israeli experience in business and technology management, offering knowledge and skills that are essential for global competition in the 21stcentury. Israel boasts more high-tech start-ups and venture capital activity per capita than any other nation in the world. In absolute numbers, Israel has produced more start-up companies than larger industrialized countries such as Japan, China, India, the United Kingdom and Canada. Israel has more companies listed on NASDAQ than those from all of Europe, Japan, China, India, South Korea and Singapore combined.
# # #
The Technion–Israel Institute of Technology was founded in 1912, making it the first academic institution in Israel. The Technion is a highly-ranked science and technology research university, dedicated to the creation of knowledge and the development of human capital and leadership.
A hundred years since its inception, the Technion is Israel’s top institute of science and technology with 3 Nobel Prize winners in the past 7 years. The Technion is the major contributor to Israel’s reputation as the ‘Start-up Nation’ and has strong international ties in the high-tech sector. Technion graduates comprise the majority of Israeli-educated scientists and engineers, constituting over 70% of the country’s founders and managers of high-tech companies.
Due to the ingenuity of Technion alumni, Israel is now home to the greatest concentration of high-tech start-up companies outside of the Silicon Valley. Israel has the highest concentration of scientists and engineers per capita, as well as the highest number of NASDAQ-listed foreign companies after Canada. Two-thirds of the Israeli companies listed on NASDAQ were either founded by or are led by Technion graduates. Of its 67,000 graduates, a fourth serves as CEOs or VPs, with another 41% holding management positions.
Nearly 11,000 Technion graduates have worked in start-ups, and a fourth of Technion graduates at one time initiated a new business. These entrepreneurs extend across both genders, with 15% of Technion’s female graduates becoming entrepreneurs.
