Elron Ventures
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Elron Ventures
Elron Ventures (formerly Elron Electronic Industries Ltd.) is an Israeli technology holding company based in Tel Aviv; since 1962 the company has been involved in setting up, funding and developing over 30 companies and is considered one of the foundation stones of the high-tech industry in Israel. The company's sectors of interest include clean technology, software, semiconductors, medical technology, telecommunications, defence and aerospace. Today, the combined annual revenues of the companies established by Elron are approximately $5 billion. History Early years Elron was founded in 1962 by , with the support of Dan Tolkowsky of the Discount Investment Corporation. Uzia Galil graduated from the Technion – Israel Institute of Technology in 1947, and in 1948 joined the Israel Navy as an officer responsible for maintaining its Radio systems. In 1952 Uzia was sent to study for a master's degree in Electrical Engineering at Purdue University in the United States. During h ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Dan Tolkovsky
Aluf Dan Tolkowsky (or Tolkovsky, ; born January 17, 1921) is a retired Israeli Air Force officer who served as a major general in the Israeli Air Force (IAF) from 1953 to 1958. A noted investor, he helped start the first Israeli venture capital fund. Education and early life Tolkowsky was born in Tel Aviv in 1921 to Shmuel Tolkowsky, and was the grandson of Isaac Leib Goldberg. He was educated at the Herzliya Hebrew Gymnasium, and in 1936, he joined the Haganah. In 1938, he went to London to study at Imperial College London and graduated with a B.Sc. in engineering in 1941. Military service In 1942 Tolkowsky volunteered for the Royal Air Force. He was part of a group of Palestinian-Jewish RAF pilots sent to train at a flight school in Southern Rhodesia (present day Zimbabwe). He earned his wings in 1943, being the first in his group to complete the course, and went on to serve as a fighter pilot and later in reconnaissance aircraft. He saw action in the Mediterranean the ...
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Elbit Systems
Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipment and unmanned aerial vehicles. It is an important company within the defense industry of Israel. Elbit Systems also has subsidiary factories around the world, and sells its products to various countries' militaries. At its subsidiary factories in the United Kingdom and the United States, the company has faced protests for its support of the Israeli military in the ongoing Israeli–Palestinian conflict. The company has also been divested from by international investment firms due to its involvement in the conflict. In 2022, Elbit Systems reported having 18,407 employees, with most of them based in Israel. Elbit Systems' shares are traded on the Tel Aviv and Nasdaq stock exchanges. History Elbit Systems was founded in 1966 by Elron Electronic Industries ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.' Most joint ventures are incorporated, although some, as in the oil and gas industry, are "unincorporated" joint ventures that mimic a corporate entity. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "''co-venturers''". A joint venture can take the form of a business. It can also take the form of a project or asset JV, created for the purpose of pursuing one specific project, ...
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Minicomputer
A minicomputer, or colloquially mini, is a type of general-purpose computer mostly developed from the mid-1960s, built significantly smaller and sold at a much lower price than mainframe computers . By 21st century-standards however, a mini is an exceptionally large machine. Minicomputers in the traditional technical sense covered here are only small relative to generally even earlier and much bigger machines. The class formed a distinct group with its own software architectures and operating systems. Minis were designed for control, instrumentation, human interaction, and communication switching, as distinct from calculation and record keeping. Many were sold indirectly to original equipment manufacturers (OEMs) for final end-use application. During the two-decade lifetime of the minicomputer class (1965–1985), almost 100 minicomputer vendor companies formed. Only a half-dozen remained by the mid-1980s. When single-chip CPU microprocessors appeared in the 1970s, the defi ...
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Shimon Peres
Shimon Peres ( ; ; born Szymon Perski, ; 2 August 1923 – 28 September 2016) was an Israeli politician and statesman who served as the prime minister of Israel from 1984 to 1986 and from 1995 to 1996 and as the president of Israel from 2007 to 2014. He was a member of twelve Cabinet of Israel, cabinets and represented five political parties in a political career spanning 70 years. Peres was elected to the Knesset in November 1959 and except for three months out of office in early 2006, served as a member of the Knesset continuously until he was elected president in 2007. Serving in the Knesset for 48 years (with the first uninterrupted stretch lasting more than 46 years), Peres is the longest serving member in the Knesset's history. At the time of his retirement from politics in 2014, he was the world's oldest head of state and was considered the last link to Israel's founding generation, as well as the last Prime Minister to make aliyah rather than being born on territory that ...
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Moshe Arens
Moshe Arens (; 27 December 1925 – 7 January 2019) was an Israeli aeronautical engineer, researcher, diplomat, and Likud politician. A member of the Knesset between 1973 and 1992 and again from 1999 until 2003, he served as Minister of Defense three times and once as Minister of Foreign Affairs. Arens also served as the Israeli ambassador to the U.S. and was a professor at the Technion in Haifa. Early life and education Arens was born in Kaunas, Lithuania, to a Jewish family. His father was an industrialist and his mother was a dentist. When he was a year old, his family moved to Riga, Latvia. where he attended elementary school. In 1939, Arens and his family emigrated to the United States, where his father had business interests. The family settled in New York City, where Arens attended George Washington High School. Arens was a leader in the Betar youth movement, and during World War II served in the United States Army Corps of Engineers as a technical sergeant. Following ...
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Startup Company
A startup or start-up is a company or project undertaken by an Entrepreneurship, entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to Initial public offering, go public, startups are new businesses that intend to grow large beyond the solo-founder. During the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to become successful and influential, such as unicorn (finance), unicorns.Erin Griffith (2014)Why startups fail, according to their founders, Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will do the market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate thei ...
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High Tech
High technology (high tech or high-tech), also known as advanced technology (advanced tech) or exotechnology, is technology that is at the state of the art, cutting edge: the highest form of technology available. It can be defined as either the most complex or the newest technology on the market. The opposite of high tech is ''low technology'', referring to simple, often traditional or mechanical technology; for example, a slide rule is a low-tech calculating device. When high tech becomes old, it becomes low tech, for example vacuum tube electronics. Further, high tech is related to the concept of mid-tech, that is a balance between the two opposite extreme qualities of low-tech and high tech. Mid-tech could be understood as an inclusive middle that combines the efficiency and versatility of digital/automated technology with low-tech's potential for autonomy and resilience. Startup company, Startups working on high technologies (or developing new high technologies) are sometime ...
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Motorola
Motorola, Inc. () was an American multinational telecommunications company based in Schaumburg, Illinois. It was founded by brothers Paul and Joseph Galvin in 1928 and had been named Motorola since 1947. Many of Motorola's products had been radio-related communication equipment such as two-way radios, consumer walkie-talkies, cellular infrastructure, mobile phones, satellite communicators, pagers, as well as cable modems and semiconductors. After having lost $4.3 billion from 2007 to 2009, Motorola was split into two independent public companies: Motorola Solutions (its legal successor) and Motorola Mobility (spun off), on January 4, 2011. Motorola designed and sold wireless network equipment such as cellular transmission base stations and signal amplifiers. Its business and government customers consisted mainly of wireless voice and broadband systems (used to build private networks), and public safety communications systems like Astro and Dimetra. Motorola's h ...
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United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ...
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Purdue University
Purdue University is a Public university#United States, public Land-grant university, land-grant research university in West Lafayette, Indiana, United States, and the flagship campus of the Purdue University system. The university was founded in 1869 after Lafayette, Indiana, Lafayette businessman John Purdue donated land and money to establish a college of science, technology, and agriculture; the first classes were held on September 16, 1874. Purdue University is a member of the Association of American Universities and is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very high research activity". Purdue enrolls the largest student body of any individual university campus in Indiana, as well as the ninth-largest foreign student population of any university in the United States. The university is home to the oldest computer science Purdue University Department of Computer Science, program in the United States. Pur ...
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