December 2015 - BIRD Board of Governors
BIRD - Israel - U.S. Binational Industrial R&D Foundation to invest
The approved projects involve innovations in the areas of healthcare, agrotechnology, environment,
December 30, 2015 – During its meeting on December 16, 2015, held in Tel Aviv, Israel, the Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation approved $7.5 million in funding for nine new projects between U.S. and Israeli companies. In addition to the grants from BIRD, the projects will access private sector funding, boosting the total value of all projects to approximately $21 million.
The BIRD Foundation promotes collaboration between U.S. and Israeli companies in various technological fields for the purpose of joint product development. In addition to providing conditional grants of up to $1 million for approved projects, the Foundation assists by working with companies to identify potential strategic partners and facilitate introductions.
Projects submitted to the BIRD Foundation are reviewed by evaluators appointed by the U.S. National Institute of Standards and Technology (NIST) and by the Office of the Chief Scientist (OCS) at the Israel Ministry of Economy and Industry.
The nine projects approved by the Board of Governors are in addition to the 926 projects which the BIRD Foundation has approved for funding during its 38 year history. To date, BIRD’s total investment in joint projects has been over $300 million, helping to generate direct and indirect sales of more than $10 billion.
· BDR Technologies (Ness Ziona, Israel) and MagBioSense (St. Louis, MO)
· ECOncrete Tech (Tel Aviv, Israel) and Besser Company (Alpena, MI)
· Elbit Systems (Haifa, Israel) and Tyvak Nano-Satellite Systems (Irvine, CA)
· Forrest Innovations (Caesarea, Israel) and U.S. Company
· Groundwork BioAg (Lod, Israel) and Marrone Bio Innovations (Davis, CA)
· Kramer Electronics (Jerusalem, Israel) and iRule (Detroit, MI)
· Screenovate (Ra'anana, Israel) and U.S. Company
· VocalZoom (Yokne'am, Israel) and Vixar (Plymouth, MN)
· WSC Sports Technologies (Bnei Brak, Israel) and Krossover Intelligence (New York, NY)
Dr. Phillip Singerman, Associate Director for Innovation and Industry Services at the U.S. National Institute of Standards and Technology (NIST), and co-Chairman of BIRD’s Board of Governors said: "We are delighted that the BIRD Foundation attracts high quality companies in the U.S. and Israel to cooperate and participate in the program. I'm especially satisfied to see small and medium U.S. companies from all across the U.S. cooperating with Israel companies, thanks to BIRD's support."
The deadline for submission of Executive Summaries for the next BIRD cycle is March 9, 2016. Approval of projects will take place in June 2016.
About the BIRD Foundation
The BIRD Foundation supports projects without receiving any equity or intellectual property rights in the participating companies or in the project itself. BIRD funding is repaid as royalties from sales of technology products that were commercialized as a result of BIRD support. The Foundation provides support of up to 50% of a project's budget, beginning with R&D and ending with the initial stages of sales and marketing. The Foundation shares the risk and does not require repayment if the project fails to reach the sales stage.