Bar-Ilan University and Sheba Medical Center are establishing a $120 million joint biotech research institute at Sheba’s new Health Tech Valley in Ramat Gan. Modeled after the U.S. NIH, the institute will bridge academia, healthcare, and industry to accelerate the translation of lab discoveries into clinical treatments. Research will focus on cancer, 3D organ printing, AI-driven medical data, robotics, genetic engineering, and microbiome science, with the aim of fast-tracking personalized medicine, new drugs, and advanced devices.

Leaders from both institutions stressed the institute’s role in positioning Israel as a global hub for biotech innovation, a magnet for billions in investment, and a powerful growth engine for the economy. 

Prof. Yitshak Kreiss, Director General of Sheba Medical Center: “The healthcare system is a powerful growth engine for the economy and industry."

Prof. Arie Zaban, President of Bar-Ilan University: "Biotechnology has become a focus of investment, drawing billions of shekels annually”.

Temporally complex problem-solving environments are commonplace in organizations. In an innovative study, a researcher from Yonsei University, in collaboration with other scientists, has shown that limited external knowledge in such situations can lead to worse performance than having no external knowledge at all. These findings are expected to further organizational decision-making and strategy, education and training, public policy and healthcare, technology and AI integration, and individual career development.