From Aish.
On this date in 1925, the Technion opened in Haifa, becoming Israel's first modern university. Albert Einstein served as president of the first Technion Society. Today, Technion graduates comprise the majority of Israeli-educated scientists and engineers, and Israel is now home to the greatest concentration of high-tech start up companies anywhere outside of the Silicon Valley. High-tech industry accounts for more than 54% of Israel's industrial exports. In Israel, nine out of every 1,000 workers are engaged in R&D, nearly double the rate of the U.S. and Japan. More achievements:
The Technion is credited with the birth of fiber-optics. In 1998, the Technion became the fifth university worldwide to successfully design, build, and launch its own satellite. In 2004, two Technion professors received the Nobel Prize in Chemistry for their research in the protein breakdown in cells.