The Israel-US Binational Industrial Research and Development (BIRD) Foundation announced this week that it will invest $8.2 million in nine joint projects between American and Israeli companies in a number of fields including precision agriculture, irrigation, genomic data interpretation, and drug development.
The Israel-based foundation, which promotes collaborations between US and Israeli companies, has invested a total of nearly $350 million in 982 projects since its founding in 1977, according to a statement from the foundation earlier this year. Its most recent investments will include projects in areas of agrotechnology, cleantech, healthcare IT, media, and communication.
“The diversity of companies and technologies that is reflected in the selected projects is inspiring and a demonstration of the breadth and depth of US-Israel collaboration in innovation,” said BIRD Executive Director Dr. Eitan Yudilevich in a company statement.
Investments in approved projects include conditional grants of up to $1 million and assistance in identifying and facilitating potential partnerships. The projects will also access private sector funding, making the total value of the projects approximately $20 million.
The funding will be invested in the following nine projects:
– Netanya-based waste tech company 3PLW is partnering with Corumat of Albany, California to develop a compostable packing product derived from food waste.
– Haifa-based digital health startup Igentify and Thermo Fisher Scientific of Waltham, Massachusetts will create a reporting software platform for genomic data interpretation.
– Israel Aerospace Industries and Headwall Photonics out of Bolton, Massachusetts will develop a precision agriculture decision support system for large scale areas.
– Tel Aviv-based MyndYou and New Jersey’s Cosan Group LLC are teaming up for an AI-based clinical network for optimized, in-home care.
– Israeli water tech Netafim Irrigation and Onvector LLC from Somerville, Massachusetts are developing an irrigation water filter based on pulse electric fields.
– Raanana-based Novelsat and New Jersey-based iGolgi will develop a solution to improve satellite broadcast efficiency using joint encoding-modulation techniques.
– Tel Aviv’s Shamaym Social Business and Massachusetts-based Karyopharm Therapeutics will work on a drug development operations and execution debrief checklists platform.
– Snappers, an Israeli startup developing crowd-sourced live video, and Turner Studios in Atlanta, Georgia will team up to develop an affiliate crowdsourced video platform.
– Or Yehuda-based WizeCare, a physical rehab platform startup, and the Cleveland Clinic Foundation of Ohio will worth together to develop a tele-rehabilitation platform for Parkinson’s patients.
This announcement follows BIRD’s previous round of funding for eight new projects in January, which included ventures in fields such as cybersecurity, agriculture and medical care. The projects funded by BIRD are first approved by members of the Israel Innovation Authority and the US National Institute of Standards and Technology (NIST).
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