Addressing Israel's education system, Fassberg said: "We have to bring the industry back home. The waves of immigration from the forever Soviet Union which have tremendously boosted Israel's high-tech industry, subsided and cannot offer the bonus they did in their early years.
"Now we have to rely solely on the education system to move the wheels of technology in Israel.
"Therefore, Israel must outline a national education plan for the next 25 years and not just for one or two years ahead, which will be comprehensive, and address the needs of Israel's industry as a productive sector which will foster the next generation."
Fassberg cautioned that Israel suffered from the lack of engineers and that the quality of engineers currently graduating from universities in the country was lacking due to the fact that universities emphasized quantity rather than quality.
This report was originally published in Hebrew by Calcalist