The board of the Israel Innovation Authority accepted the recommendation of the Appointment Committee headed by Dr. Ami Appelbaum, Chairman of the Israel Innovation Authority and Chief Scientist at the Ministry of Economy and Industry, and announced Monday that Dror Bin has been selected as the authority's new CEO.
The appointment will be granted final approval following consultation with the Appointment Investigation Committee as stipulated in the Innovation Law, the authority said.
Since 2012, Bin has served as President and CEO of RAD Data Communications, a leading global telecom network solutions company with hundreds of employees at the company's headquarters in Tel Aviv, a manufacturing center in Jerusalem and development center in Beer Sheva as well as dozens of corporate branches around the world.
Bin also served in a series of positions for close to a decade at Comverse Technology, the last one as a member of the management team and VP of Global Sales. Following this, Bin served as a venture partner at Carmel Ventures and a chairman at several of its portfolio companies. In addition, Bin served as a partner at Shaldor, a leading management consulting firm in Israel, where he led the development and implementation of business and marketing strategies for major organizations in the financial, consumer, retail, high-tech, banking and other industries.
Bin holds two bachelor’s degrees from the Technion – Israel Institute of Technology: one in systems information engineering and the other in industrial management, as well as an MBA from Tel Aviv University. He is 54, married, the father of three and resides in Ramat HaSharon, Israel.
The Israel Innovation Authority is an independent statutory authority in charge of promoting innovation to leverage comprehensive and sustainable economic growth in Israel. During 2020, the authority's budget amounted to NIS 2.25 billion and it provided grants to about 1,600 innovative and disruptive projects in all technological fields at all stages of product development.
The authority's core activities include research and development grants for new and disruptive technological products; preparing for upcoming technology trends; and "enabling" activities for the Israeli innovation ecosystem such as promoting human capital, regulation, etc. The Israeli innovation sector is extremely significant to the Israeli economy, responsible for nearly 15% of GDP and nearly 50% of industrial manufacturing.