Israel’s Technion Announces $1.8B Fundraising Campaign For Cutting-Edge Innovation

June 11, 2018 | The Technion-Israel Institute of Technology officially announced a ten-year, $1.8 billion fundraising campaign to support “world-changing, life-saving innovation, and better prepare for the challenges and opportunities [of] the digital revolution.” The campaign was quietly started four years ago, and Globes reported that the Technion has already raised some 40 percent of its goal over the years. The campaign set to end in 2024, “will deliver funding that amplifies the Technion’s outsized impact in sectors including the environment, sustainability, alternative energy and water conservation; health and medicine; artificial intelligence, information, and communication; quantum science, matter, and engineering; and advancing Israel security, leadership, and diversity,” the university said in a statement.

“This campaign is truly global in nature,” said Technion President Prof. Peretz Lavie. “Not only does it involve our societies around the world—including the UK, Canada, Switzerland, Australia, France, Israel, and the US — but it will result in global benefits, such as better quality in soil, water, and air, easy-to-use sources for clean and renewable energy, engineering aid to developing countries, advancing breakthroughs in fighting cancer, and much, much more.”

The Technion is one of Israel’s most prestigious universities and has been dubbed “Israel’s MIT.”

Late last year, the Technion ranked first worldwide in preparing students for a “digital revolution” and teaching them digital skills, in a survey published in Times Higher Education.