Dan Tolkowsky


Aluf Dan Tolkowsky was an Israeli military officer who served as commander of the Israeli Air Force from 1953 to 1958. A noted investor, he helped start the first Israeli venture capital fund.

Early life and education

Tolkowsky was born in Tel Aviv on 17 January 1921 to Shmuel Tolkowsky, and was the grandson of Isaac Leib Goldberg. His father was born in Antwerp, Belgium, his mother in Vilnius under imperial Russian rule,. During World War I, the family moved to London, where his two older sisters were born. He was educated at the Herzliya Hebrew Gymnasium, and in 1936, he joined the Haganah. In 1938, he went to London to study at Imperial College London and graduated with a B.Sc. in engineering in 1941.

Military service

In 1942, Tolkowsky volunteered for the Royal Air Force. He took flight courses in South Africa and Egypt, earning his wings in 1943. He went on to serve as a Spitfire fighter pilot participating in battles against the Nazis in Italy, southern France, and Greece. At the end of World War II, he served as a transport pilot, and was later stationed in Palestine at RAF Lydda. He was discharged from the RAF in June 1946 with the rank of flight lieutenant.
After the war, Tolkowsky moved to Britain and worked as a mechanical engineer. In December 1947, he secretly began helping efforts to purchase aircraft for Sherut Avir, the Haganah's air arm and forerunner of the Israeli Air Force. In 1948, a few days before the Israeli Declaration of Independence, Tolkowsky returned to Palestine. He served in the Israeli Air Force during the 1948 Arab-Israeli War, participating in bombing attacks on the Egyptian front.
Between 1948 and 1951, he led the IAF’s training department. He was then appointed chief of staff to IAF commander Haim Laskov until 1953. He was appointed Commander of the IAF in May 1953 and served until July 1958. As commander, he spearheaded the IAF's modernization and acquisition of jet-propelled aircraft. The IAF received its first fighter jets and took part in the 1956 Suez Crisis. After his term as commander ended in 1958, he was succeeded by future president Ezer Weizman. He was then appointed to head the Planning and Scientific Research Administration of the Ministry of Defense until 1959.

Civilian life

In 1959, Tolkowsky joined the Discount Bank Investment Corporation, originally an arm of the Bank, later a public company in Israel. He was appointed Managing Director in 1965 and Vice-Chairman in 1980. Beginning in 1962, DBIC was the first financial institution in Israel to invest in local hi-tech industry. Tolkowsky helped Uzia Galil start the technology holding company Elron Electronic Industries in 1962 as well as the medical technology company Elscint, which became the first Israeli company to trade on Nasdaq in 1972. In 1985, Tolkowsky, in partnership with his son Gideon and Frederick Adler, a noted American venture capital investor, founded Athena, the first venture fund in Israel, to invest in Israeli and American ventures, mostly hi-tech, which operated until 1997.
Tolkowsky also held a series of minor government posts. He was a member of the National Council for Research and Development, served on the Israel Atomic Energy Commission, participated in a commission of inquiry that investigated an accident at Lod Airport, was a member of the Israel Securities Authority plenum, and headed the public council of Tel Aviv University's business administration school. In 1997, he served on the Ciechanover Commission, which investigated a failed Mossad assassination attempt against Hamas leader Khaled Mashal in Jordan.
Tolkowsky was a Commander of the French Legion of Honour, held a Doctorate Honoris Causa from the Technion Israel Institute of Technology, and held an award from the joint US-Israel Science and Technology Authority named after Yitzhak Rabin. He was awarded the Presidential Medal of Honor by Isaac Herzog in 2023.
Tolkowsky married his wife, Miriam, in 1948; she died in 2015. He had a daughter and two sons, Roni, David, and Gideon, as well as nine grandchildren. He died at his home in Tel Aviv, on 28 November 2025, at the age of 104.