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The Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation has announced that it has approved $8 million in funding for nine new projects between U.S. and Israeli companies. Alongside grants from BIRD, the projects will access private-sector funding and boost the total investment in all projects to $23 million.
As well as conditional grants of up to $1.5 million, the BIRD Foundation assists by working with companies to identify potential strategic partners and facilitate introductions.
The submitted projects are reviewed by evaluators appointed by the National Institute of Standards and Technology (NIST) of the U.S. Department of Commerce and the Israel Innovation Authority. They are as follows:
Four of the companies approved for projects through this grant have Technion DNA: Agado Live, AlvaLinks, Oshi, and Quantum Machines. Agado Live Co-founder and CTO Vittaly Tavor, AlvaLinks Founder Adi Rozenberg, Oshi Co-founder Ariel Szklanny, and Quantum Machines Co-founder and Chief Engineer Nissim Ofek are all Technion alumni.