Bird, The US-Israel Binational Fund fapproved a $ 8.2 million investment in 9 ventures

by Ifi Reporter Category:Government Jul 7, 2019

The US-Israel Binational Fund for Industrial Research and Development (BIRD) recently approved a $ 8.2 million investment in nine joint ventures between Israeli and US companies. In addition to the grants, the projects will receive financing from the private sector, so that the total investment in the projects will reach $ 20 million.
The BIRD Foundation works to encourage cooperation between Israeli and American companies in the various fields of technology in order to develop a joint product. In addition to granting conditional grants of up to $ 1 million for an approved project, the fund assists companies in locating and connecting with a potential strategic partner.
The projects submitted to the BIRD Foundation are scrutinized by Israeli examiners on behalf of the Innovation Authority and American researchers from the National Institute of Technology and Standards (NIST).
The nine projects approved at the Board of Directors' meeting are added to 982 projects in which the Fund invested during its 42 years of operations. These projects, with a total investment of more than $ 350 million, have resulted in direct and indirect sales of more than $ 10 billion.
The approved projects are:
The Israeli 3PLW company and the US company Corumat will develop disposable packaging from food waste.
Igentify and the US company Thermo Fisher Scientific will develop a platform for automatic decoding of genetic information, based on next-generation sequencing technology, for the decomposition of prenatal genetic testing.
IAI and Headwall Photonics will develop a system that supports agricultural decision-making for large areas based on a hyper-spectral camera and a fixed-wing UAV.
The Israeli company MyndYou and the American company Cosan Group will develop an artificial intelligence solution for changes resulting from cognitive characteristics to improve the patient's experience in the community and his / her health.
The Israeli company Netafim and the US company Onvector will develop an advanced system based on electric fields to disinfect water for irrigation.
For irrigation.
Novelsat and iGolgi will develop an integrated end-to-end video encoding solution that enables broad satellite traffic of video and audio channels and improves the efficiency of satellite broadcasting.
Israeli company Shamayim and American company Karyopharm Therapeutics will develop an artificial intelligence system to improve follow-up and management of clinical trials.
Israeli company Snappers and Turner Studios of America will develop a platform for video coverage by means of mass-media screening.
WizCare, the former Israeli video therapy company, and the Cleveland Clinic Foundation, will develop an artificial intelligence system for remote treatment of Parkinson's patients.

Dr. Phil Singerman, Senior Director of Innovation and Industrial Services at NIST, National Institute of Technology and Standards of the United States, and Co-Chairman of the Board of Governors of the BIRD Foundation: "The BIRD Israel Foundation continues to invest in projects that represent not only a wide range But also include companies of all sizes, both from the United States and Israel, who are developing solutions that have a potential impact on the global economy, and we will continue to increase the Fund's ability to support the joint innovation between the US and Israel. "
Dr. Amiram Appelbaum, Chief Scientist of the Ministry of Economics and Chairman of the Innovation Authority and Co-Chairman of the Board of Governors of the BIRD Foundation, said: "The US is one of Israel's main partners in innovation and we are proud of the long-term cooperation with the BIRD Foundation. We are confident that the innovative solutions of the winning companies this year will be vital to the global population. "
Dr. Eitan Yudilevich, CEO of the BIRD Foundation: "The great diversity of the companies and technologies of the winning projects is inspiring and is an example of the depth and scope of cooperation between Israel and the US in the area of ‚Äč‚Äčinnovation."
The Binational Industrial Research and Development (BIRD) Foundation is the Israel-US Binational Industrial Research and Development Foundation, which promotes and finances research and development collaborations between Israeli and US companies in various fields of technology.
The BIRD Foundation supports the projects without receiving any rights in the companies participating in the project. The support funds are returned as royalties only if there are sales from the project's products. Funding from the fund is limited to 50% of the budget.

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