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BIRD - Israel-US Binational Industrial R&D Foundation to Invest $8.1 Million in Nine new Projects
Date:12/20/2011

TEL AVIV, Israel, December 20, 2011 /PRNewswire/ --

During its meeting last week, held in Tel Aviv, Israel, 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 $22 million.

The BIRD Foundation promotes collaboration between Israeli and American companies in various technological fields for the purpose of joint product development.  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 are in addition to the 830 projects in which the BIRD Foundation has invested over its 34 year history. To date, BIRD's total investment in these projects exceeded $290 million, helping to generate sales of more than $8 billion.

The approved projects are:

  • AGM Tonson and EndoStim (St. Louis, MO) will develop a miniaturized implantable device for GERD (Gastro-Esophageal Reflux Disease).
  • EnVerid Systems and Johnson Controls (Milwaukee, WI) will develop a novel air handling technology for reducing energy consumption of HVAC (Heating Ventilation and Air Conditioning).
  • Ginger Software and Houghton Mifflin Harcourt (Boston, MA) will develop an advanced learning platform for English language learners.
  • iFibers and Mirion Technologies (San Ramon, CA) will develop a portable laser thermoluminescence radiation dosimeter.
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SOURCE The BIRD Foundation
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