[Congressional Record Volume 170, Number 60 (Tuesday, April 9, 2024)]
[Extensions of Remarks]
[Page E318]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          RECOGNIZING TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY

                                 ______
                                 

                          HON. RITCHIE TORRES

                              of new york

                    in the house of representatives

                         Tuesday, April 9, 2024

  Mr. TORRES of New York. Mr. Speaker, I want to recognize the work of 
the Technion-Israel Institute of Technology as it is celebrating its 
centennial. As Israel's first university, the Technion has educated 
generations of engineers, architects, and scientists who have helped 
lay the Nation's infrastructure and establish its crucial high-tech 
industries. At every junction of the country's development, the 
Technion has been there, protecting the State of Israel.
  The Technion is a global leader in science, engineering, research, 
and technology education. Its unique culture of entrepreneurship 
empowers students to be visionary changemakers and global innovators. 
The Technion is a global university with a presence in New York and 
China, having partnerships with institutions like the University of 
Michigan, Cornell University, and MIT. By having the Joan and Irwin 
Jacobs Technion-Cornell Institute at Cornell Tech on New York City's 
Roosevelt Island, they can bring academia and industry together, 
featuring the Runway Startup Postdoc Program.
  In the past 100 years the Technion has become the leading university 
in Israel and Europe and one of the top 100 universities in the world. 
In 2020, the Technion was ranked No. 12 in the world for producing 
entrepreneurs, having generated 602 founders who have set up 509 
companies and have raised $12.4 billion. Technion graduates comprise 
the majority of Israel-educated scientists and engineers, consulting 
more than 50 percent of the country's founders and managers of high-
tech industries. Seven out of ten Israel-educated engineers are 
Technion graduates and 85 percent of the Israel technological workforce 
are companies led by Technion graduates. Technion alumni have founded a 
total of 1,075 companies, valued at more than $1 billion and have 
attracted $2.5 billion in venture capital per year.
  I also want to highlight the American Technion Society (ATS). Over 
the past 85 years, the ATS has raised a transformative amount of 
funding for Technion students, faculty, research, and infrastructure. 
This not only empowers Israel's economic growth and security, but 
betters the lives of people around the world.
  I give a big congratulations to the Technion and all of its 
accomplishments in the past 100 years. I am excited to see how it will 
continue to grow in the years to come.

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