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BIRD - Israel-US Binational Industrial R&D Foundation to Invest $8.1 Million in Nine New Projects
Date:7/5/2011

TEL AVIV, Israel, July 5, 2011 /PRNewswire/ --


 

During its meeting last week, held in Washington, D.C., the Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation, approved $8.1 million of funding for nine new projects between Israeli and American companies. In addition to the grants from BIRD, the projects will access private sector funding, boosting the total value of all projects to $24 million.

The BIRD Foundation promotes collaboration between Israeli and American companies in various technological fields for the purpose of joint product development.  Specifically, the Foundation assists by locating strategic partners from each country, making the necessary introductions, and providing conditional grants of up to $1 million for approved projects.

The nine projects approved by the Board of Governors add to the more than 820 projects in which the BIRD Foundation has invested over its 34 year history. To date, BIRD's total investment in these projects has exceeded $290 million, helping to generate direct and indirect sales of more than $8 billion.

The approved projects are as follows:

  • ART Healthcare and Hydrofera (Willimantic, CT) will develop a device to reduce infections in intensive care units.
  • BioMarCare Technologies and Ariadne (Rockville, MD) will develop a companion diagnostic test for metastatic colorectal cancer.
  • Evogene and Pioneer Hi-Bred International (Johnston, IA) will develop soybean varieties tolerant to foliar diseases.
  • Healarium and The Mayo Clinic (Rochester, MN) will develop an application for self monitoring of cardiovascular risk.
  • Human Monitoring and Access Systems America (Sunnyvale, CA) will develop a social e-publishing ecosystem for interactive content.
  • Mantis Vision and Direct Di
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SOURCE The BIRD Foundation
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