BIRD - Israel-U.S. Binational Industrial R&D Foundation to invest $8.4 million in 9 new projects
The approved projects, with an overall budget of $20 million, involve innovations in the areas of 3D Printing, Agrotech, Advanced Manufacturing, Biotech, Cell Therapy, Medical Devices, Robotics, and Space
TEL AVIV, Israel, Jan. 19, 2023 /PRNewswire/ -- During its meeting in December 2022, held in Tel Aviv, the Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation approved $8.4 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 $20 million.
The BIRD Foundation promotes collaborations between U.S. and Israeli companies in various technological sectors for joint product development. In addition to providing conditional grants of up to $1.5 million per project, the Foundation assists by working with companies to identify potential strategic partners and facilitate introductions.
The submitted projects are reviewed by evaluators appointed by the National Institute of Standards and Technology (NIST) of the U.S. Department of Commerce and the Israel Innovation Authority.
The nine projects approved by the Board of Governors are in addition to over 1000 projects which the BIRD Foundation has approved for funding during its 45-year history. To date, BIRD's total investment in joint projects is over $370 million, helping to generate direct and indirect sales of more than $10 billion.
The projects approved include:
Dr. Amiram Appelbaum, Chairman of the Israel Innovation Authority, and co-Chair of BIRD's Board of Governors: "We are pleased with the bilateral US and Israel support of technologically innovative projects that are tackling some of the most pressing global challenges including Climate-tech, Agritech, and Health Services."
Dr. Eitan Yudilevich, the outgoing Executive Director of the BIRD Foundation, said: "This cycle demonstrated, once again, that there is great interest among U.S. and Israeli companies in jointly developing innovative technologies and leveraging BIRD funding as a way to reduce their risk. I wish the awardees much success in bringing their jointly developed technologies to market."
The deadline for submission of Executive Summaries for the next BIRD cycle is March 1, 2023. Approval of projects will take place in June 2023.
For more information, please contact, in Israel: Ms. Limor Nakar-Vincent, Deputy Executive Director of Business Development and BIRD Energy, Tel: +972-3-698-8310, [email protected]. In the U.S., contact: Ms. Andrea Yonah, Director, Business Development, East Coast/Midwest, Tel: +1-609-356-0305, [email protected], Ms. Shiri Freund-Koren, Director, Business Development, South, Tel: +1-512-436-1609 or Ms. Maya Vardi Shoshani, Director, Business Development, West Coast, Tel: +1-650-752-6485, [email protected].
SOURCE The BIRD Foundation
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