Old school Zionism – New school capitalism: Invest now in the hottest sectors, in one of the coldest parts of Israel
Tel-Hai Tech is creating a new economic boom in Israel’s North. We are bringing companies to locate here, who in turn employ our students and graduates, thus perpetuating a combination of unstoppable growth.
Hi-Tech, Biotechnology, and Food Science are all burgeoning career fields in modern Israel, but employers are concentrated mostly in the Center, South, and Haifa, far away from the Galilee. According to a recent poll conducted by Tel-Hai College, 70% of our graduates would prefer to remain in the North, but the realities of employment often dictate that they head elsewhere. Seeking to overcome the challenge, Tel-Hai established Tel-Hai Tech, with the aim to increase employment opportunities in the region whilst increasing employability of our graduates.
How do we do it? By joining forces – academia, philanthropy and industry to encourage the opening of branch offices and facilities in the North and offering our students internship placements. Tel-Hai Tech, thus invigorates the future of the North at large, as every success story serves as an incentive for yet more companies to invest in the area. Tel-Hai Tech is a multicultural program open to students of all sectors and religions,
Below, see how we apply this approach to computer science and software development.
We offer computer science students hands-on experience in their field of education and a prospect for permanent employment in the North. The industry on the other hand gains highly skilled workers already qualified for the various positions. Students chosen to participate in the program receive 5000 NIS for each internship year (for the period of two years). Under the direction of the Dean of Students Office and the department of Computer Science, strict guidelines determine employability on an individual basis to ensure accurate investment in training future professional employees who will make their permanent home in the Upper Galilee, thus growing and then strengthening a region that is sparsely populated, yet strategically important for Israel.
Since its launch, over 500 Tel-Hai graduates have benefitted from Tel-Hai Tech, and 70% of them are currently employed in the Upper Galilee in direct continuation of their internships in the program. We aim, with your help, to attract additional knowledge-based companies to operate in the upper Galilee and to increase the number of students participating in this program, which has already drawn national and international companies such as BMC (250 employees in the northern branch, 40% of them Tel-Hai graduates) and Mellanox (60 employees in the region, 80% of them Tel-Hai graduates).
Statistics and background:
Before the launch of Tel-Hai Tech virtually no computer science graduates remained in the region. Since the program’s inception in 2006, 80% of program graduates have made the Galilee their permanent home!
The program currently offers around 30 internships per year, meaning that over a third of those who apply are turned away due to lack of funding and placements!
Over 170 graduates of the program are employed in the Upper Galilee in direct continuation of their internship in the program.
The program’s regional benefits as well as its contribution to the national economy are measured by its effect on GDP. Data compiled over the last 10 years indicates that 80 percent of all students who participated in the program eventually went on to full-time positions at local companies and established permanent residence in the Galilee.
The program added an average of 20 full-time employees to the area annually, whose salaries averaged 212,000 NIS, or 4,244,160 NIS total.
To this sum, we can factor in GDP, for every additional shekel of GDP produced at a high-tech company situated in the Upper Galilee, another 0.14 shekels is created in regional GDP (an overall benefit of 4,880 784 NIS) as well as 0.43 NIS in national GDP (including an overall benefit of 6,069,149 NIS).
Annual Market Cost-Benefit Analysis:
Cost 625,000 NIS
Based on average investment of 25,000 NIS X 20 students annually
Benefit 6,069,149 NIS
Cost-Benefit Ratio 9.7
As the above data shows, the program’s market value is infinitely greater than its cost.
Giving Opportunities: Student internships (30 students per year)
6000 USD per student placement – 1000 hours over a period of two years
3000 USD per student placement – 500 hours over a period of one year.