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MercurysBall2 ago

Moniz on visit to Israel with Daniel Zajfman (center), President of the Weizmann Institute https://imgur.com/a/imbQk8O

Weizmann Institute of Science https://en.wikipedia.org/wiki/Weizmann_Institute_of_Science

The Weizmann Institute of Science (Hebrew: מכון ויצמן למדע‎ Machon Vaitzman LeMada) is a public research university in Rehovot, Israel, established in 1934, 14 years before the State of Israel.

Founded in 1934 by Chaim Weizmann and his first team, among them Benjamin M. Bloch, as the Daniel Sieff Research Institute. Weizmann had offered the post of director to Nobel Prize laureate Fritz Haber, but took over the directorship himself after Haber's death en route to Palestine. Before he became President of the State of Israel in February 1949, Weizmann pursued his research in organic chemistry at its laboratories. The institute was renamed the Weizmann Institute of Science in his honor on November 2, 1949, in agreement with the Sieff family.

WEIZAC, one of the world’s first electronic computers was locally built by the institute in 1954–1955 and was recognized by the IEEE in 2006 as a milestone achievement in the history of electrical and electronic engineering.[3]

In 1959, the institute set up a wholly owned subsidiary called Yeda Research and Development Company to commercialize inventions made at the institute.[4] By 2013 the institute was earning between $50 and $100 million in royalties annually on marketed drugs including Copaxone, Rebif, and Erbitux.

In addition to its academic programs, the Weizmann Institute runs programs for youth, including science clubs, camps, and competitions. The Bessie F. Lawrence International Summer Science Institute accepts high-school graduates from all over the world for a four-week, science-based summer camp.