BIRD Foundation Accelerating Growth through U.S.-Israel Strategic Partnerships - July 2021
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BIRD Foundation Accelerating Growth through U.S.-Israel Strategic Partnerships July 2021 Israel-United States Binational Industrial Research and Development Foundation www.birdf.com August 2, 2021
BIRD Foundation 2 BIRD = Binational Industrial Research and Development Joint fund, established in 1977 as a joint initiative between the US and Israeli governments Mission Funding To stimulate, promote and Income from interest earned support joint (non-defense) on $110 million industrial R&D of endowment grant and from mutual benefit to repayments from successful Israel and the United States BIRD projects August 2, 2021
BIRD’s Board of Governors* 3 The Foundation’s Board of Governors (BOG) consists of six members: three representatives of the U.S. and three representatives of Israel Israeli Representatives U.S. Representatives Chief Scientist, Ministry of Economy and Assistant Secretary for S&T, Dept. of Commerce Industry and Chairman of the Israel Innovation Permanent Designee: Associate Director for Innovation Authority and Industry Services, NIST (Israeli co-Chairman) (U.S. co-Chairman) Director General, Ministry of Economy and Assistant Secretary for Oceans and International Industry Environmental and Scientific Affairs, Dept. of State Director General, Ministry of Finance Assistant Secretary for International Affairs, Dept. of Treasury (or their designees) (or their designees) *Source: Israel-U.S. Binational Industrial Research and Development Foundation Agreement, March 3, 1976 August 2, 2021
The BIRD Model 4 The BIRD Foundation offers conditional grants on a risk- sharing basis The Foundation funds up to 50% of each company’s R&D expenses associated with the project Maximum conditional grant= $1M Every dollar invested by the governments yields at least $2 of activity through private sector cost-sharing August 2, 2021
BIRD Foundation – Investment by Sector 5 2006 - 2020 Including projects from BIRD Energy & BIRD HLS August 2, 2021
BIRD – Performance Summary 6 1977-2020* $372M** granted for joint development of innovative technologies and products At least the same amount invested by the private sector of both countries, through cost-sharing 1018 projects between U.S. and Israeli companies approved $113M repayments from successful projects ~$10B in sales generated directly and indirectly by BIRD sponsored activities *Since inception, main BIRD program **Nominal, not adjusted to inflation August 2, 2021
Parameters for Success 7 • Sales & Repayments • Job Creation • Capital Raised • Mergers & Acquisitions • Establishing a Subsidiary or a Research Center in Israel and/or operations/HQ in the U.S. • Exports to other countries August 2, 2021
BIRD’s Evaluation Criteria: 8 ● Innovation (Technology) ● Synergy between companies ● Market opportunity ● Go to market strategy / commercialism August 2, 2021
Why BIRD? 9 ● Funding the joint development of advanced technologies ● Risk sharing mechanism ● “Stamp of Approval” – Review of the project is done by external organizations ● Commitment that accelerates delivery and time to market Flags by :www.webdesignhot.com August 2, 2021
BIRD Call for Proposals 10 Timetable & Deadlines: Executive Summary September 2, 2021 To be considered, a project proposal should include: Final Proposal R&D cooperation between two, unrelated companies, one registered in the U.S. October 12, 2021 and the other in Israel. The companies should jointly apply for BIRD support Research and development topics that include but are not limited to: Advanced Decisions Manufacturing, Agrotech, Cleantech and Environment, Communications, December 2021 Electronics, FinTech, Gas, Homeland and Cyber Security, Life Sciences and Bio- Convergence, Software, Water and Wastewater technologies, etc. A jointly developed technology or product(s) that shows considerable innovation A proposed project that demonstrates significant commercial potential BIRD funds up to 50% of the R&D costs associated with the joint project. The maximum conditional grant per project is up to US $1 million; the BIRD Board of Governors may exercise its discretion to increase the award up to US $1.5 million for exceptional proposals* *contingent on the quality of the proposal and available funding. August 2, 2021
The BIRD Submitting Process 11 (two Cycles per year)* Cycle I Cycle II Executive Summaries March September Final Proposal April October Proposal Evaluation Evaluators appointed by NIST & the Israel Innovation Authority Decisions At the Board of Governor’s Meeting June December * For the exact dates of the upcoming cycle see www.birdf.com August 2, 2021
Add. Programs Managed by the BIRD Foundation 12 BIRD Energy BIRD HLS U.S.- Israel Energy Center “BIRD Energy” is the implementation of a The BIRD Homeland Security (HLS) program The U.S. and Israel, through the U.S. cooperation agreement between The U.S. is a joint initiative funded by the U.S. Department of Energy (DOE), the Israel Ministry Department of Energy (DOE), the Israel Department of Homeland Security (DHS) of Energy (MoE) and the Israel Innovation Ministry of Energy, jointly with the Israel Science and Technology Directorate (S&T) Authority (IIA), have established the U.S.-Israel Innovation Authority and the BIRD and the Israel Ministry of Public Security Center of Excellence in Energy, Engineering and Foundation. This program develops (MOPS) to develop advanced technologies Water Technology (the “Energy Center”). The innovation through U.S.- Israel cooperation for the homeland security mission. The BIRD purpose of the Energy Center is to accelerate on a range of clean energy technologies, HLS program seeks solutions in first development and deployment of critical and including renewable energy, energy responder technology areas such as innovative technologies in the areas of Fossil efficiency, natural gas, and energy-water perimeter protection, wearable technology, Fuels, Energy Storage, Cyber Security for Energy technologies. situational awareness and more. Infrastructure, Energy-Water Nexus. August 2, 2021
BIRD Projects in Illinois – 32 Projects 13 August 2, 2021
Thank you! Andrea Yonah Director of Business Development U.S. East Coast & Midwest Israel-United States Binational Industrial Research and Development Foundation www.birdf.com www.facebook.com/BIRD Foundation linkedin.com/company/bird-foundation projectsdb.birdf.com August 2, 2021
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