Technion 7th best college for tech CEOs

Bloomberg ranking includes Israeli technological institute among world's top 10 academic institutions whose graduates manage companies with market value of more than $1 billion. Princeton, Stanford and Harvard universities lead list

Aviv Bertele |Published: 09.02.13 , 13:18

A new ranking published by the American financial media company Bloomberg includes the Technion – Israel Institute of Technology among the world's top 10 academic institutions whose graduates lead companies with a market value of more than $1 billion.

According to the ranking, released over the weekend, the Technion made it to the seventh place alongside the Massachusetts Institute of Technology (MIT), Rice University and the University of Texas, Austin.

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Princeton, Stanford and Harvard universities top the list. The Technion is the only institution on the list located outside the United States.

The ranking was based on an analysis of the alma maters of 250 chief executive officers of US tech companies with a market value of more than $1 billion.

According to the Bloomberg review, "Israel is now home to one of the world's top tech hubs, and Technion is where many of the country's brightest go to train. To prove its commitment to technology, the school is collaborating with Cornell on a plan to build a $2 billion tech campus and startup incubator on New York City's Roosevelt Island.

"Stratasys CEO David Reis is one notable Technion alumnus. His 3-D printer maker acquired New York-based MakerBot Industries for at least $403 million earlier this year." The company employs 1,500 workers around the world and has offices in Israel and North America.

"The Technion's ranking by the Bloomberg network, and the Technion's flattering ranking by Shanghai University, point to its high level and top position in the world," said Technion President Prof. Peretz Lavie.

"About one-quarter of Technion graduates serve in senior management positions. The Technion has a place of honor in turning Israel into a startup power," he added.