For more than eight decades the Technion - Israel Institute of Technology has been Israel's primary technological university and the largest center of applied research. It is ranked among the leading technological universities in the world. Many innovations in all fields of science, technology, engineering and life sciences have their origins in research conducted at the Technion.

Technion's contributions to the growth of Israel's agricultural industry, building and architecture, chemical and electronic industries, aerospace, energy, medicine and medical technology and biotechnology have been most significant.

Technion's achievements have brought Israel to the forefront of high-level technology, and have knowledge and innovations worldwide.

In 2004, Distinguished Professors Avram Hershko and Aaron Ciechanover received the Nobel Prize in Chemistry for their pioneering research on degradation of intracellular proteins.  They succeeded in showing that protein degradation in cells takes place in a series of step-wise reactions that result in the proteins to be destroyed being labelled with the polypeptide ubiquitin. Since their discovery of the ubiquitin system, nearly 10,000 related articles have been published in scientific journals because understanding cellular protein turnover is vital to understanding how cells malfunction and cause diseases. Recently a drug for treating cancer was developed on the basis of this knowledge.

In 2011 Distinguished Professor Dan Shechtman received the Nobel Prize in Chemistry for "the discovery of quasicrystals" making him one of six Israelis who have won the Nobel Prize in Chemistry.

 The Technion University offers degrees in science and engineering, and related fields such as Architecture, Medicine, Industrial Management and Environmental studies. Great emphasis is also placed on its humanities and social science programs, the incorporation of which take on ever-increasing importance in today's multi-faceted workplace. But Technion's goals go beyond providing a well-rounded technical education. At the institute, scientific instruction is interwoven with professional ethics, producing leaders sensitive to social and environmental issues.

 The Technion occupies about 1,325,000 square meters and includes 100 buildings. There are about 52 research centers, 11 research institutes and 10 Centers of Excellence. At present there are approximately 8,448 undergraduate students, 2,553 M.Sc. students and 1,499 Ph.D., M.D. and D.Sc. students - a total of 12,500 students.

Since 1929   95,821 students have graduated. There are over 650 faculty members and 58 spin-off companies.

 Technion - Israel Institute of Technology, represented in the Consortium by the Technion R&D Foundation Ltd.

The Technion Research & Development Foundation Ltd. (TRDF), established in 1952, set among its main goals the promotion of research at the Technion; Technology transfer; Industrial testing and services, and the commercialization of inventions and ideas.

Through the years the TRDF has taken upon itself a pioneering role in the development stages of the state of Israel.

Nowadays, when there is a growing need for multidirectional transfer of knowledge and technologies, from universities and research centers to the industry, where it is developed, improved and put to use, and vise-a-verse, the TRDF aims to serve as a constant facilitator for this technology transfer process between academia and society as a whole.