BIRD – Israel-U.S. Binational Industrial R&D Foundation to invest $7.45 million in 8 new projects
Dr. Walter Copan, U.S. Under Secretary of Commerce for Standards and Technology, Director of NIST and co-Chairman of BIRD’s Board of Governors said: “The strengths of the U.S. and Israeli innovation systems are clearly demonstrated by the diverse proposals the board considered this round. By working together, the successful U.S. and Israeli companies are bringing forth cutting-edge technologies that advance manufacturing, communication and transportation, health, and food security. The global technology leadership of the United States and of Israel is strengthened through our close partnership, and the BIRD Foundation plays a unique and critical role in supporting the collaborative efforts.”
Dr. Amiram Appelbaum, Chief Scientist at the Ministry of Economy and Industry, Chairman of the Israel Innovation Authority and co-Chairman of BIRD’s Board of Governors said: “We are proud that our collaboration with the BIRD Foundation has seen such spectacular successes over the decades of its operation. This joint collaboration resulted in groundbreaking technological innovations offered by both Israeli and U.S recipients of the grant. We are happy to note the increased number of applications submitted and wish much success to the winning teams and companies who were selected to receive the Fund’s grants. We are eagerly looking forward to the amazing changes they will make for the benefit of the population worldwide.”
Dr. Eitan Yudilevich, Executive Director of the BIRD Foundation, said: “Year 2020 was a challenging year for companies and entrepreneurs around the globe, who adapted rapidly to doing business ‘virtually’. A result is a significant increase in the number of proposals submitted to the Foundation. BIRD will continue to support U.S.-Israel collaboration in order to accelerate the development of advanced technologies in diverse fields for the benefit of both countries.”
The deadline for submission of Executive Summaries for the next BIRD cycle is March 1, 2021. Approval of projects will take place in June 2021.
About the BIRD Foundation
The BIRD (Binational Industrial Research and Development) Foundation works to encourage and facilitate cooperation between U.S. and Israeli companies in a wide range of technology sectors and offers funding to selected projects.
The Foundation supports projects without receiving any equity or intellectual property rights in the participating companies or in the projects, themselves. BIRD funding is repaid as royalties from sales of products that were commercialized as a result of BIRD support. The Foundation provides funding 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.