BIRD Foundation

The BIRD (Binational Industrial Research and Development) Foundation encourages and facilitates cooperation between U.S. and Israeli companies in a wide range of technology sectors and offers funding to selected projects . The Foundation supports projects without receiving any equity or intellectual property rights from the participating companies or the projects themselves . BIRD provides support of up to 50% of a project's budget, beginning with R&D and ending with the initial stages of sales and marketing . BIRD shares the risk and requires repayment only if the project achieves revenue .