1912 | Technion
The first cornerstone of the Technion–Israel Institute of Technology was laid in Haifa. Two new Technion campuses were recently inaugurated: in New York and in China.
1921 | Volcani Institute
The Volcani Institute is established, becoming an incubator for Israel’s agritech ecosystem.
1925 | Hebrew University
The Hebrew University of Jerusalem is inaugurated. Over 100 start-ups are associated with The Hebrew University.
1933 | IMI Systems
Israel Military Industries (today IMI Systems) is founded, manufacturing the Uzi, Galil, Negev, Tavor and other weapons.
1934 | Weizmann Institute of Science
The Weizmann Institute of Science (formerly the Daniel Sieff Research Center) is established in Rehovot.
1948 | Rafael Advanced Defense Systems Ltd.
The Science Corps (now called Rafael Advanced Defense Systems Ltd.) was founded as the national R&D lab for developing military technology, including the Iron Dome missile defense system.
1950 | IBM
IBM Israel becomes the first official foreign tech company operating in Israel.
1953 | IAI
Israel Aerospace Industries is founded. IAI has developed numerous civilian and military aircraft.
1955 | WEIZAC
The first computer is set up in Israel at The Weizmann Institute of Science, called WEIZAC
1963 | Hebrew University
A team from The Hebrew University makes breakthrough discoveries about the medical qualities of cannabis, enabling Israel to become a pioneer in medical marijuana.
1964 | Motorola
Motorola opens an R&D center in Israel, marking the first such center to be opened in the country by a multinational corporation.
1965 | Ormat Technologies
Ormat Technologies is established in Yavne, becoming a world leader in alternative energy production.
1965 | Netafim
The agritech company Netafim is founded, later developing the first high-quality drip irrigation equipment, sold in over 100 countries.
1966 | Elbit Systems
Elbit Systems is founded, and becomes a leader in aerospace, land and naval systems, intelligence surveillance, unmanned aircraft systems and advanced electro-optics.
1969 | Israel Innovation Authority
The Office of the Chief Scientist (now the Israel Innovation Authority) is formed and tasked with fostering industrial R&D in Israel.
1969 | Elscint
Elscint is founded, excelling in nuclear medicine, computed tomography, magnetic resonance imaging and X-ray scanners.
1974 | Intel
1974 Intel opens an R&D center in Haifa. Intel has become the largest tech employer in Israel with over 10,000 employees.
1984 | The R&D Law
Law for the Encouragement of Industrial Research and Development (The R&D Law) is passed.
1986 | Applied Materials
Applied Materials opens in Israel and later acquires Opal Technologies, Orbot Instruments and Oramir Semiconductor Equipment Ltd.
1987 | IAI
IAI develops the Lavi fighter jet. The project was later abandoned, and its 5,000 scientists and engineers went on to contribute greatly to Israel's high-tech boom.
1989 | M-Systems
Dov Moran establishes M-Systems, best known for developing the first USB flash drive, DiskOnKey. In 2006, the company was acquired by SanDisk.
1990 | Fall of the Iron Curtain
A huge influx of highly educated immigrants from the former Soviet Union sparks an impressive expansion of the country’s high-tech industry, leading to rapid GDP growth.
1993 | Yozma
The Israeli government launches the Yozma (Initiative) program that offers incentives to foreign venture-capital funds setting up shop in Israel.
1993 | Checkpoint
Checkpoint is established, developing the world’s first commercial firewall and VPN.
1996 | Mirabilis
Mirabilis is founded and develops the ICQ instant messaging application. ICQ was purchased by AOL for $407M in 1998.
2007 | Shai Agassi
Better Place, a venture-backed company that developed battery-charging services for electric cars, is founded by Shai Agassi. It later filed for bankruptcy.
2008 | Global Crisis
The global financial crisis causes a number of Israeli start-ups to go out of business while even more are picked up in increased M&A activity.
2011 | Alternative Fuels Administration
Israel’s Alternative Fuels Administration is created, tasked with reducing the country’s oil consumption.
2011 | National Cyber Bureau
Israel’s National Cyber Bureau is established in order to advance Israeli innovation in the cyber field.
2012 | Face.com
Facebook buys Israel’s Face.com, a platform for efficient and accurate facial recognition.
2013 | Waze
Google buys Waze, the popular crowdsourced navigation app, for more than $1 billion.
2013 | PrimeSense
Apple acquires PrimeSense, an Israeli 3D sensing company.
2014 | Onavo
Facebook acquires Israeli mobile analytics and data compression start-up Onavo.
2016 | Playtika
A Chinese consortium linked to Alibaba founder Jack Ma buys the Israeli online gaming company Playtika for $4.4 billion in cash.
2017 | Mobileye
Intel acquires Mobileye for $15.3 billion, the largest exit in Israeli business history.
2017 | Amazon
Amazon announces plans to hire 100 Israeli engineers and experts to boost Alexa.