BIRD Foundation approves $7.9 million funding for nine new projects
The approved projects involve innovations in the areas of drones, energy efficiency, environment protection, medical devices, pharma, software and AI.
The Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation approved $7.9 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 helps promote collaborations between American and Israeli companies in a myriad of technological fields In addition to providing conditional grants of up to $1 million for approved projects, it also assists by working with companies to identify potential strategic partners and facilitate introductions.
The nine projects approved by the Board of Governors are in addition to the 1,000 projects which the BIRD Foundation has approved for funding during its 44-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.