Building U.S.-IsraelInnovation Partnerships  The BIRD Model                          Dr. Eitan Yudilevich                 ...
BIRD FoundationBIRD = Binational Industrial Research and Development Joint fund, established in 1977 as a joint initiative...
BIRD’s Approach in a Nutshell BIRD helps in finding strategic partners (“matchmaking”) BIRD offers conditional grants fo...
BIRD – Performance Summary       $290M granted       825 projects         approved       $91M repayments         from p...
The BIRD Model                 August 2011
No Revenue Reasons       Market        36%                       Partnership/                        Company              ...
Repayments Schedule(Based on Revenue) Years from   % of the grant   Project     to be repaid Completion                   ...
Submitting Process (Next Cycle)Executive Summary of the Proposal- March 2012Final Proposal – April 2012External Evaluation...
Candidate                BIRD Project Funnel Projects             (Typical/Twice a Year)                  Signed Executive...
BIRD Approved Projects by Industry2006- 2010 Total # of Projects = 121, including “BIRD Energy” (9 projects)August 2011
Examples of BIRD AwardeesIsraeli Companies             MITAM                      Exotech                      Bio Solutio...
Examples of BIRD AwardeesIsraeli Companies - continued                                August 2011
Examples of BIRD AwardeesIsraeli Companies - continued                                August 2011
Examples of BIRD AwardeesIsraeli Companies - continuedBet Shemesh Engines                                August 2011
BIRD AwardeesExamples of US Companies                           August 2011
BIRD AwardeesExamples of US Companies - continued                                       August 2011
BIRD AwardeesExamples of US Companies - continued                                       August 2011
BIRD AwardeesExamples of US Companies - continued                                       August 2011
3 Decades of         collaborationMore about BIRD -Specific Project Examples
Medical Devices                                                   Project title:                                          ...
Medical Instrumentation                                      Project title: ReWalk – Clinical Trials at                   ...
Life Sciences - Pharma                                        Project title: Development of                               ...
Software/Education                                                     Project title: Lotus Tegrity Ltd. is the maker of T...
Software/Brain-Training                                                  Project title:                                   ...
Biogasoline Production                                        Project title: Wood Sugars for                              ...
Fourth Call for Proposals:   QI 2012Decisions on Projects:  QIII 2012        August 2011          April 2010
Neurotechnology:Training the Brain: Neuroplasticity & the Human Mind                          Keynote Speaker:            ...
TRIDE Project – ExampleName of           Second Generation, Bio-Synthetic DieselProject:          Fuel ProductionProject b...
CA                   NJ    Asaf Chava Yuval            Eitan    Michal Shlomo                       Maha          Limor   ...
Thank You! www.birdf.com                 August 2011
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BIRD presentation for jerusalem institute oct 30 2011 1

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BIRD presentation for jerusalem institute oct 30 2011 1

  1. 1. Building U.S.-IsraelInnovation Partnerships The BIRD Model Dr. Eitan Yudilevich Executive Director BIRD Foundation
  2. 2. BIRD FoundationBIRD = 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 support joint (non-defense) earned on $110 million industrial R&D of mutual endowment grant and benefit to Israel and the from repayments from successful BIRD projects United States August 2011
  3. 3. BIRD’s Approach in a Nutshell BIRD helps in finding strategic partners (“matchmaking”) BIRD offers conditional grants for joint development on a risk sharing basis (private sector cost-share) BIRD funds up to 50% of each company’s R&D expenses associated with the joint project BIRD claims repayments as royalties only if commercial revenues are generated from the project (repayments: up to 150% of the original conditional grant, CPI adjusted) As an example of mutual benefit: U.S. company benefits from access to innovation and IP; Israeli company benefits from complementary required capabilities and market access (other combinations are possible, e.g., complementary technologies) August 2011
  4. 4. BIRD – Performance Summary  $290M granted  825 projects approved  $91M repayments from projects  ~$8B in sales generated directly and indirectly by BIRD sponsored activities August 2011
  5. 5. The BIRD Model August 2011
  6. 6. No Revenue Reasons Market 36% Partnership/ Company 47% Technical 17% 10/30/2011
  7. 7. Repayments Schedule(Based on Revenue) Years from % of the grant Project to be repaid Completion Maximum repayment obligation: 150% 1 100% 2 113% Repayment rate: 5% of Sales 3 125% Semiannual repayments, 4 138% indexed to CPI-U 5 & Beyond 150% July 2011
  8. 8. Submitting Process (Next Cycle)Executive Summary of the Proposal- March 2012Final Proposal – April 2012External Evaluation – Evaluators appointed by NIST &Chief Scientist OfficeBoard of Governors – June 2012Company to Company AgreementCooperation and Project Funding Agreement July 2011
  9. 9. Candidate BIRD Project Funnel Projects (Typical/Twice a Year) Signed Executive Summaries GOs to Submit Full Proposal Submitted Proposals Approved Projects Project Flow 30 - 35 20 - 25 15 - 20 ~10 October 2011
  10. 10. BIRD Approved Projects by Industry2006- 2010 Total # of Projects = 121, including “BIRD Energy” (9 projects)August 2011
  11. 11. Examples of BIRD AwardeesIsraeli Companies MITAM Exotech Bio Solutions August 2011
  12. 12. Examples of BIRD AwardeesIsraeli Companies - continued August 2011
  13. 13. Examples of BIRD AwardeesIsraeli Companies - continued August 2011
  14. 14. Examples of BIRD AwardeesIsraeli Companies - continuedBet Shemesh Engines August 2011
  15. 15. BIRD AwardeesExamples of US Companies August 2011
  16. 16. BIRD AwardeesExamples of US Companies - continued August 2011
  17. 17. BIRD AwardeesExamples of US Companies - continued August 2011
  18. 18. BIRD AwardeesExamples of US Companies - continued August 2011
  19. 19. 3 Decades of collaborationMore about BIRD -Specific Project Examples
  20. 20. Medical Devices Project title: Fox Digital Distal Tip Urological &CByond specialized in Gynecological Flexible Endoscopedesigning video-scopes formedical applications.ACMI (American Cystoscope Makers,Inc.; Now: Gyrus ACMI, an Olympus Joint development product:company), is a leader in the Flexible endoscope with integrateddevelopment and production of the miniature video camera and LED as aworld’s finest endoscopy light source.instrumentation for the medicalindustry. Slide Approved by Companies or Information is Public Domain August 2011
  21. 21. Medical Instrumentation Project title: ReWalk – Clinical Trials at MossRehab (Philadelphia)Argo Medical invented theexternal wearable skeletonenabling the walking ofparaplegic patients. Joint development product: :ReWalk is aAllied Orthotics & Prosthetics motorized exoskeleton suit thatbusiness is the design, custom- enables patients with lower limbmanufacturing, fitting, training of disabilities, including completea complete range of orthotic and paralysis, to independently engage inprosthetic products for disabled ambulatory activities, including http://www.youtube.com/watch?v=IaiO8cases standing, walking and in some a1ZY5gpeople. climbing stairs. April 2011
  22. 22. Life Sciences - Pharma Project title: Development of PEG-Uricase for Treatment ofBio-Technology General Ltd. had Intractable Gout and Related Conditionsextensive expertise in production andpurification of recombinant proteinsfor parenteral use (acquired bySavient Pharmaceuticals Inc.) Joint development product: Development ofMountain View effective therapy for patients withPharmaceuticals, Inc. severe and presently untreatable gout.experts in protein chemistry The drug is called Krystexxa,and the synthesis of PEG marketed by Savientderivatives. Pharmaceuticals August 2011
  23. 23. Software/Education Project title: Lotus Tegrity Ltd. is the maker of Tegrity Campus, the leading class capture Web service, leading provider of platforms for e-learning content creation and distribution. McGraw-Hill Higher Education, a unit Joint development product: of McGraw-Hill Education, is a premier Active access to students and provider of teaching and learning instructors between multiple types and solutions for 21st century post- sources of learning objects (lectures, secondary and higher education tutorials, sessions, etc.) markets worldwide. Slide Approved by Companies or Information is Public Domain April 2011
  24. 24. Software/Brain-Training Project title: The Hockey IntelliGym ACE (Applied Cognitive Engineering) develops software Joint development product: A software-based based "Brain-Gyms" to improve program that allows players to develop the performance of trainees in perception, short-term memory focus and targeted tasks decision-making skills, as well as enables coaches to fine-tune programs and follow up on each players progress. USA Hockey, Inc. is the National Governing Body for the sport of ice hockey in the United States. Slide Approved by Companies or Information is Public Domain August 2011
  25. 25. Biogasoline Production Project title: Wood Sugars for Biogasoline and BioproductsHCL Cleantech’s technology is Productionbased on proprietary acid recoveryreplacement in a proven industrial Joint development product: low costprocess for the conversion of cellulosic sugars to produce biogasolinebiomass to fermentable sugarsVirent was founded in 2002 basedon catalytic, aqueous-phasereforming technology, namedBioForming® which readily convertsrenewable plant sugars tobiogasoline, other liquid hydrocarbonfuels, and chemicals August 2011
  26. 26. Fourth Call for Proposals: QI 2012Decisions on Projects: QIII 2012 August 2011 April 2010
  27. 27. Neurotechnology:Training the Brain: Neuroplasticity & the Human Mind Keynote Speaker: Michael Merzenich, Ph.D. Co-Founder & Chief Scientific Officer, Posit Science Founder of Scientific Learning Corporation (Nasdaq: SCIL) Professor Emeritus, University of California, San Francisco Date: Tuesday, November 1, 2011 - 5.00pm-8.00pm Venue: KPMG - 500 E. Middlefield Rd. Mountain View, CA 10/30/2011
  28. 28. TRIDE Project – ExampleName of Second Generation, Bio-Synthetic DieselProject: Fuel ProductionProject budget: $1M (TRIDE grant: 50%)Duration: 15 months Jordanian Co. Israeli Co. U.S. Co.Name of Co. NERC MME-IL Nibor EnterprisesLocation Amman, Jordan Beit Yitzhak, Miami, Fl Israel August 2011
  29. 29. CA NJ Asaf Chava Yuval Eitan Michal Shlomo Maha Limor Andrea Ron EinatAu
  30. 30. Thank You! www.birdf.com August 2011

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