1 BIRD Energy Webinar Will begin promptly April 27, 2020 | Noon EST | 9 AM PST | 7 PM Israel Duration: 50 min BIRD Energy Webinar 04/2020
AGENDA 2 Noon (EST) – 12:05 PM: Introductory Remarks Dr. Eitan Yudilevich, Executive Director, BIRD Foundation 12:05 – 12:25 PM: Overview of the BIRD Energy Program Ms. Limor Nakar Vincent, Deputy Executive Director of Business Development & BIRD Energy, BIRD Foundation 12:25 – 12:35 PM: Overview of a U.S. – Israel Collaboration Funded by BIRD Energy Mr. Emek Sadot, CEO, FSIGHT 12:35 – 12:50 PM: Q&A BIRD Energy Webinar 04/2020
BIRD Energy Webinar 3 Opportunities for Funding U.S. Israel Cooperation for Renewable Energy and Efficiency and Natural Gas Technologies BIRD Energy Webinar 04/2020
BIRD Foundation 4 BIRD = 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 earned support joint (non-defense) on $110 million industrial R&D of endowment grant and from mutual benefit to repayments from successful Israel and the United States BIRD projects BIRD Energy Webinar 04/2020
BIRD’s Approach in a Nutshell 5 • BIRD assists 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 are 5% of the sales and up to a maximum of 150% of the original conditional grant, CPI adjusted) BIRD Energy Webinar 04/2020
6 Timetable & Deadlines: Executive Summary June 30, 2020 Final Proposal August 13, 2020 Decisions Innovation in: November 2020 Renewable Energy and Energy Efficiency, such as Solar and Wind Power, Advanced Vehicle Technologies and Alternative Fuels, Smart Grid, Storage, Water-Energy Nexus, Advanced Manufacturing, AI for Energy Management, etc. Natural Gas and Other Associated Technologies. BIRD Energy Webinar 04/2020
Topics 7 BIRD Energy Webinar 04/2020
8 The BIRD Energy Model The BIRD Energy Program offers conditional grants on a risk-sharing basis BIRD Energy funds up to 50% of each company’s R&D expenses associated with the project Maximum conditional grant is $1M Every dollar invested by the governments yields at least $2 of activity through private sector cost-sharing BIRD Energy Webinar 04/2020
Repayments Schedule 9 (Based on Revenue) Years from % of the grant to Maximum repayment Project be repaid obligation: 150% Completion 1 100% Repayment rate: 5% of Sales 2 113% 3 125% Semiannual repayments, indexed to CPI-U 4 138% 5 & Beyond 150% BIRD Energy Webinar 04/2020
BIRD Energy 2020- Submission Timetable 10 Task Submission Deadline Executive Summary June 30, 2020 Full Proposal August 13, 2020 Proposal Evaluation Sep.-Oct. 2020 Decision November 2020 BIRD Energy Webinar 04/2020
Submission Forms 11 www.birdf.com BIRD Energy Webinar 04/2020
Submission of Executive Summary 12 www.birdf.com BIRD Energy Webinar 04/2020
Submission of Executive Summary II 13 www.birdf.com BIRD Energy Webinar 04/2020
Submission Forms 14 www.birdf.com BIRD Energy Webinar 04/2020
BIRD’s Evaluation Criteria: 15 ● Innovation (Technology) ● Synergy between companies ● Market opportunity ● Go to market strategy / commercialism BIRD Energy Webinar 04/2020
BIRD Energy 2020- Submission Timetable 16 Task Submission Deadline Executive Summary June 30, 2020 Full Proposal August 13, 2020 Proposal Evaluation Sep.-Oct. 2020 Decision November 2020 BIRD Energy Webinar 04/2020
Proposal Submission 17 www.birdf.com BIRD Energy Webinar 04/2020
BIRD Energy 2020- Submission Timetable 18 Task Submission Deadline Proposal Evaluation (Review is done by the DOE, Israel Ministry of Energy & Israel Innovation Authority) Sep. - Oct. 2020 Decision November 2020 BIRD Energy Webinar 04/2020
Once Project is Awarded… 19 Company to Company Agreement Financial Due Diligence Cooperation and Project Funding Agreement End of project: Every 6 months: Project Audit Financial & performance Milestone Reports Sales report BIRD Energy Webinar 04/2020
BIRD Energy PR 20 BIRD Energy Webinar 04/2020
Approved Projects in 2019 21 BIRD Energy Webinar 04/2020
Projects Funded Per State 2009 - 2019 22 Total no. of projects = 51 Projects that initiated including projects approved in 2019 BIRD Energy Webinar 04/2020
BIRD Energy companies portfolio (partial list)* 23 Omat Ltd Dynamis Engineering LLC *This study excludes BIRD Energy grantees which are very large corporations or academic institutions. BIRD Energy Webinar 04/2020
Funds Raised by Year 24 Funding Rounds and Grants ($M) Source: Adkit research. Survey was done till 2018 BIRD Energy Webinar 04/2020
Why BIRD Energy? 25 ● Funding the joint development of advanced technologies in Renewable Energy and Efficiency, as well as Gas technologies. ● Risk sharing mechanism ● “Stamp of Approval” – Review of the project is done by external organizations (DOE, Israel Innovation Authority & Israel Ministry of Energy). ● Commitment that accelerates delivery and time to market BIRD Energy Webinar 04/2020
26 For questions about BIRD Energy and more information, feel free to contact: Israel East Coast & Midwest West Coast Limor Nakar-Vincent Andrea Yonah Maya Vardi Shoshani Deputy Executive Director of Director of Business Director of Business Business Development & Development Development BIRD Energy East Coast & Midwest West Coast limorn@birdf.com andreay@birdf.com mayav@birdf.com BIRD Energy Webinar 04/2020
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