PTC has also allocated an annual budget for joint research in industrial IoT, augmented reality, simulation and generative design. The grant supports the Technion faculty by providing software products; award scholarships and incentives to students and researchers; launch hackathons and contests; and sponsorship of educational programs.

“Today, scientific and technological breakthroughs require both multidisciplinary research and close collaboration between universities and industry. The industry is at the forefront of active implementation and is well aware of the needs of the market, while universities provide basic scientific knowledge and in-depth research, ”said the professor. Uri Sivan, President, Technion – Israel Institute of Technology. “That is why, in recent years, Technion has placed greater emphasis on strengthening its ties with the industry, and this agreement is the culmination of a long-standing relationship between Technion and PTC. We believe that the agreement allows both sides to gain ground, grow and reap the benefits of each other’s strengths. “

Announced in 2014, the initial agreement between PTC and Technion launched a robotics and digital content program for the Science and Technology department, comprising a teaching lab for industrial IoT, computer-aided design, manufacturing and augmented reality, among other STEM topics. As a result of this long-standing collaboration, Technion alumni joined PTC to lead the company. Haifa development center, PTC’s second largest center outside the United States

“The importance of collaboration between academia and industry is recognized around the world,” said Ziv Belfer, Divisional Vice President and General Manager, Research and Development, PTC. “PTC has benefited from fifteen years of fruitful collaboration with the University of Aachen in Germany, including the construction of a separate campus that also houses R&D laboratories for companies that collaborate with academic staff. Several projects have subsequently become markers of success for commercial ventures, and we look forward to replicating these efforts with Technion in Israel. “

About PTC (NASDAQ: PTC)
PTC enables global manufacturers to achieve double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity ‘artwork. In combination with an extensive network of partners, PTC provides customers with flexibility in how its technology can be deployed to drive digital transformation – on-premises, in the cloud, or through its pure SaaS platform. At PTC, we don’t just imagine a better world, we make it happen.

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