Israel is a small country with a big reputation when it comes to technology. In recent years, the country has become known as a hub for innovation and a leader in the tech industry. One of the key factors behind Israel's success in technology is its strong ecosystem of technology transfer companies.
Technology transfer companies, also known as TTOs, are organizations that help commercialize the research and technology developed at universities and research institutions. These companies work to bring new technologies to the market by licensing them to companies, helping to secure funding, and providing support for the development and commercialization of the technology.
Israel is home to a number of highly successful technology transfer companies, many of which are affiliated with top universities and research institutions. One such company is Yissum, the technology transfer company of the Hebrew University of Jerusalem. Founded in 1964, Yissum has played a key role in the commercialization of many important technologies, including the discovery of the cancer-fighting drug Taxol and the development of the ReWalk exoskeleton for people with spinal cord injuries.
Another leading technology transfer company in Israel is Ramot, the technology transfer company of Tel Aviv University. Founded in 1991, Ramot has helped to bring numerous innovative technologies to market, including the development of a new type of solar cell and a device that can detect breast cancer in its early stages.
In addition to these well-established TTOs, Israel is also home to a number of newer technology transfer companies that are making a significant impact in the industry. One such company is Tech Transfer Ventures, which was founded in 2014 and has already helped to commercialize a number of promising technologies, including a device that can detect early stage Parkinson's disease and a new type of wound dressing.
The success of Israel's technology transfer companies is a testament to the country's strong ecosystem of innovation and its commitment to bringing new technologies to the market. With their help, Israel is poised to continue its role as a global leader in the tech industry for years to come.