Armament Development Authority - RAFAEL
Hitting a Bullet with a Bullet Iron Dome Arrow 3 2
The early days war stories The dawn of Israel s Semiconductor technology [ 1968 to 1973 ] Prof Kidron The birth of the Israeli Semiconductor industry [ 1974 1977 ] Intel Israel Spawning: National Semi; Motorola Semi, Galileo Elron Uzia Galil Elbit, Elscint Scitex Effi Arazi Tadiran RAFAEL [ HEMED, Amos Horev ]
Intra-organizational entrepreneurship Israel is on Intel s map! 8087 Corp CAD; Back-End [ Test, QRE ] MMX, Centrino, Multi-core Intel Corporate Intraneurship CLE, DFM, IDC Requirements Management [ NDS, Given Imaging ] The ALPHA MAGNET consortium
Breakthroughs and their challenges GIVEN imaging The amazing Given Imaging/PillCam story: 1982 the problem and the idea 1998 why did it take so long? 2001 PillCam is born! Market penetration: Regulation ( FDA ) Reimbursement Expanding
What all this tells us? Necessity is mother of invention Unmet need is key to Biz success! Leadership! The individuals that made the difference! Teamwork, Devotion and tenacity Risk taking & daring! No shortcuts! [ blood, sweat & tears ] Timing ( and luck! ) Having fun along the way!
Entrepreneurship and Innovation at the Technion
Entrepreneurship and Innovation at the Technion Bronica Entrepreneurship Center (BEC) Knowledge Center for Innovation (KCI) Technion R&D Foundation (TRDF) Technion Technology Transfer (T 3 ), Liaison office, Technion investment fund Technion Accelerator ( just started ) The Start-up MBA program The International School [ Entrepreneurship programs ]
The Entrepreneurship Center s Mission Position the Technion as a world leader in Entrepreneurship and Innovation
The Entrepreneurship Center s activities The Center acts as the central point of contact for entrepreneurship at Technion. It accompanies the entrepreneur [ student, faculty or young alumnus ] through the journey; from the earliest stage to a fully committed entrepreneur
The Entrepreneur s Journey Building a business Bridge to the Ecosystem Idea Phase Action Learning, Experimenting Aspiring beginners Awareness, Education, Inspiration
The Entrepreneurship s Journey Pre-entrepreneurs Aspiring beginners Idea phase Building a business Academic courses Guest talks in mandatory courses Advising 4 th year projects 17 academic courses StartUP MBA Zero point initiatives Minor in entrepreneur ship Capstone course Extra-curricular activities Dream Factory Career management: New generation Engineers eclub and open events 3DS Themed workshops Content BizTEC Consultation sessions Kaplan Prize Bridgeto the ecosystem= connecting with network and expertise TFL, workshops
Academic Activities 17 academic courses Minor in Entrepreneurship Certificate from the Under-Graduate school 4 courses, 9.5 credit points Start-Up MBA
Entrepreneurship Practice
Technion 3DS (3 Day Startup) A three day workshop for pre-screened participants to take their ideas to a pitch to a panel of investors through hand-on experience Input: Individuals Output: Teams
E-Club Bi-weekly networking events Meet leading entrepreneurs and share ideas in an informal, relaxed environment. The goal: Fun and inspiration
History Technion For Life (TFL) Mentoring, networking & consulting services for Technion alumni Experienced Alumni coach & help young ones Founded by Reuven & Shai Agassi in 2003 4 Exits $ 120 M Raised investments 30M$ Activity 15 applications per month Currently 12 active supported ventures
BizTEC 2015 National business plan competition for students 75 teams applied this year ( 2015 ) to the competition 50 Judges help to evaluate the teams 40 Mentors will guide and assist the teams 6 extensive Workshops will provide relevant tools, skills and methods to the teams The BizTEC partners will escort and assist the teams 25 teams, or so, will proceed to the Spring stage. 8 10 Teams will reach the finals and one team will win the $10,000 prize
Fitterli Team from BizTEC 2014 won the Intel Europe Business challenge first place
BizTec Success Stories
Some of the companies that started their journey in Biztec PolyTouch -purchased by Covidienfor $40M. Producing placement device for laparoscopic hernia repair LifeBond -next-generation surgical sealants, raised ~$20M in third round in 2011 currently in clinical trials [ www.life-bond.com] WindWard -Predictive Maritime Analytics Systems & Services, raised ~$5M in first round in 2013 [ www.windward.eu] Yevvo -Instantly push live HD video app between people, raised $3.7M in first round in 2014 [ www.yevvo.com ]
Technion Nation: The Best Is Yet To Come!