Israel: An Innovative Outlook

Some might call its geographic and diplomatic positions less-than-desirable. Yet despite its youth as a nation, lack of natural resources and relative isolation, Israel has proven that its economic offerings are substantial. In fact, Israel produces more start-up companies than larger, more stable countries and is renowned for its innovative spirit.

International Member

BioNJ proudly recognizes InspireMD as an International Member. Headquartered in Tel Aviv, Israel, InspireMD is a medical device company responsible for the MGuard net protective stent. To learn more about InspireMD, please visit their website.

A Valuable Resource

With the hope of combining the stability and growth of biotechnology in the US with Israel’s entrepreneurial outlook, the Israel-US Binational Industrial Research and Development (BIRD) Foundation was established by the national governments in 1977. The BIRD Foundation supports twenty projects annually with the goal of stimulating industrial research and development in both countries. While the scope of the foundation is wide-ranging, its processes are simple: initiating cross-national technology and marketing partnerships as well as project funding.

The BIRD Foundation’s resume is impressive. Historically, the organization has partnered with the American Red Cross, Bayer Pharmaceuticals, General Electric and Johnson & Johnson, among many others. Its partnerships have enabled the development of a walking device for paralyzed individuals, a novel drug for chronic gout patients and a digital imaging system for orthodontia. These are just a few examples of the limitless developments made possible by a BIRD Foundation partnership. More information on the BIRD Foundation can be found here.