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BIRD - Israel - U.S. Binational Industrial R&D Foundation to Invest $11 Million in 14 new Projects
Date:6/17/2013

TEL AVIV, Israel, June 17, 2013 /PRNewswire/ --

During its meeting on June 5, 2013, the Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation, approved $10.95 million in funding for fourteen 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 approximately $33 million. The semi-annual meeting was held at the campus of the National Institute of Standards and Technologies (NIST), Gaithersburg, MD.

The BIRD Foundation promotes collaboration between Israeli and American 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.

The fourteen projects approved by the Board of Governors are in addition to the 863 projects which the BIRD Foundation has approved for funding during its 36 year history. To date, BIRD's total investment in these projects has been over $300 million, helping to generate direct and indirect sales of more than $10 billion.

The approved projects are as follows:

  • Accells Technologies Ltd. (Israel) and 41st Parameter, Inc. (Scottsdale, AZ) will develop a capability for mobile authentication with device detection to fight cyber-attacks.
  • Asymmetric Medical Ltd (Israel) and Flextronics (Irving ,CA) will develop asymmetric laser tools for surgery.'/>"/>

SOURCE The BIRD Foundation
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