Technical & Fiscal Reporting Seminar Given to New Grantees of the BIRD Foundation January 2020 Tal Kelem Natalie Galperin Business Development Chief Financial Officer 1
BIRD Approved Projects December 2020 PBC BIRD Ref. IL company US Company (Primary BIRD Contact) 1658 Advanced MemTech Agar Corporation Eitan Yudilevich 1659 AgroScout Birdstop Tal Kelem 1661 DosentRx Contents Trader Omer Carmel 1662 Fluence Water Products Energy Systems Group Limor Nakar- Vincent Spaulding Rehabilitation 1663 GoldenGait Eitan Yudilevich Network 1665 MDI Thermo Fisher Scientific Tal Kelem 1667 Nanolock Security Micron Technology Limor Nakar- Vincent 1668 OncoHost RayBiotech Life Tal Kelem 1669 Raicol Crystals Qubitekk Eitan Yudilevich 1640* 3PLW Corumat Tal Kelem 1644* IAI Headwall Photonics Limor Nakar- Vincent 1654* Snappers Turner Studios Tal Kelem 2 * Approved in June 2019
BIRD Energy Approved Projects October 2020 PBC BIRD Ref. IS company US Company (Primary BIRD Contact) 7102 3DBattery NEI corporation Limor Nakar- Vincent 7104 Chakratec Blink Charging Co. Limor Nakar- Vincent 7105 EcoPlant Atlas Machine and Supply Limor Nakar- Vincent 7107 Elbit Systems Ballard Unmanned Systems Tal Kelem 7108 Eta-Bar Adesto Technologies Limor Nakar- Vincent 7109 Exency Brayton Energy Tal Kelem 7113 Netafim Irrigation Polaris Energy Services Eitan Yudilevich 7115 Ramot at Tel-Aviv U Gas Technologies Omer Carmel Driftwood Hospitality 7117 Zero Energy Solutions Limor Nakar- Vincent Management 3
BIRD HLS Approved Projects October 2020 PBC BIRD Ref. IS company US Company (Primary BIRD Contact) 3029 Blue White Robotics Easy Aerial Tal Kelem 3030 Cawamo LiveView Technologies Limor Nakar- Vincent S.H Goren Management and 3034 3AM Innovations Eitan Yudilevich Innovation 4
BIRD Press Release 5
BIRD Press Release 6
BIRD Energy Press Release 7
BIRD Energy Press Release 8
BIRD HLS Press Release 9
BIRD HLS Press Release 10
BIRD Foundation Staff Headquarters - Israel U.S. Offices Main Telephone Number: 972-3-6988300 PBC Eitan Yudilevich, Ph.D . West Coast (California) Executive Director Maya Vardi Shoshani eitan@birdf.com Director of Business Development Natalie Galperin Fin Chava Doukhan Off. Limor Nakar-Vincent PBC West Coast Chief Financial Officer Office Manager Deputy Executive Director of mayav@birdf.com natalie@birdf.com chava@birdf.com Business Development & BIRD Energy East Coast & Midwest (New Jersey) limorn@birdf.com Oshrat Attias Off. Andrea Yonah Moran Lazar Fin Tal Kelem PBC Administrative Assistant Director of Business Development Financial Manager Director of Business Development oshrat@birdf.com East Coast & Midwest tal@birdf.com moran@birdf.com andreay@birdf.com Maha Wakileh IT Ron Maron, Ph.D . PBC Information Systems Manager Senior Director of Business maha@birdf.com Development ron@birdf.com Omer Carmel PBC Director of Business Development omer@birdf.com
Documents on BIRD’s website Guidelines & Forms Fiscal & Technical Seminar & Handouts 12
Documents on BIRD’s website Guidelines & Forms Procedures & Submission Forms Entire Procedures Handbook 13
Documents on BIRD’s website Guidelines & Forms Procedures & Submission Forms Entire Procedures Handbook 14
Documents on BIRD’s website Guidelines & Forms Procedures & Submission Forms Reporting 15
Topics for Discussion BIRD in a nutshell Immediate steps towards signing the Cooperation and Project Funding Agreement (CPFA) Reporting: • Upload System • Project Time Frame & Reports Timing • Structure & Content of Technical Reports • Final Technical Report Frequently asked questions Photo by Raul Petri on Unsplash 16
BIRD in a Nutshell B inational I ndustrial R esearch and D evelopment Conditional grants for joint U.S.-Israeli R&D projects Funding of up to $1M up to 50% of R&D expenses (non-dilutive funding, no transfer of IP rights) Repayments as royalties only if the project generates revenues 3 programs: BIRD, BIRD Energy, BIRD HLS (Homeland Security) 17
BIRD in a Nutshell - Why BIRD? ● Funding ● Risk sharing - willing to invest in high risk technologies that require longer time to market. ● “Stamp of approval” – review of the project by external organizations such as NIST* and IIA** ● Commitment - accelerates delivery and time to market * National Institute of Standards and Technology at the US Department of Commerce ** Israel Innovation Authority 18 Flags by : www.webdesignhot.com
BIRD in a Nutshell – How do we evaluate projects? ● Innovation (Technology) ● Synergy between companies ● Market opportunity ● Go to market strategy / commercialism 19 Flags by : www.webdesignhot.com
Before signing the CPFA (Cooperation and Project Funding Agreement) Photo by Joanna Kosinska on Unsplash 20
What is Needed in Order to Obtain the Approved Grant Money? ► Adjusted budgets Should equal twice the approved grants, original ratio should be kept ► Adjusted program plan (Gantt) Reflect updated project start date - “Effective Date” ► Missing details supplied as instructed by Ms. Chava Doukhan , BIRD’s Office Manager ( 03-6988307) ► Signed copy of relevant company-company agreement 21
What is Needed in Order to Obtain the Approved Grant Money? ► Financial Status Analysis private companies only, provide substantiating material ► Finalization of CPFA details – issued by BIRD ► CPFA is circulated with the companies for signature three copies sent by BIRD to the Israeli company, BIRD is last to sign BIRD executes first grant payment to each company 22
Critical Dates of a BIRD Project Project ‘Effective Date’ “The effective date of this Agreement shall be the _____ day of _______, 20__ The development work shall commence on the aforementioned date and, unless sooner terminated by the Foundation in accordance with Section I, the development work shall terminate ____ months following the effective date” Project ‘Termination of Product Development’ date “The conclusion of the Product Development pursuant to and in accordance with the Proposal, including the Product being ready for commercialization” CPFA signing date Don’t confuse this with the project start date, known as – ‘Effective Date’! 23
Reports Image by Tumisu from Pixabay 24
Project Structure & Report Timing Project duration (example): 18 months, 3 segments X 6 months Interim Report Due Interim Report Due Final Report Due Project Start is defined in CPFA as: “Effective Date ” 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 FIRST SEGMENT PROJECT SECOND SEGMENT STARTS THIRD SEGMENT “Termination Date” Interim Report: a joint technical report, fiscal from each company Interim 1 - Report due 1 month after the end of 1st segment Interim 2 - Report due 1 month after the end of 2nd segment Final report (interim report + marketing) - due 2 months after end of project 25
Reports: Guidelines If you are using acronyms or abbreviations in your report, kindly provide the glossary of terms Please read the directions clearly and prepare the reports “by the book”. At the end of the project, a questionnaire will be sent to the companies If you have questions - give us a call! Photo by Antoine Barrès on Unsplash 26
Need for Technical Reports Monitoring the project’s progress Determination of BIRD’s payment to grantees Tool for companies to manage their joint R&D activities Requirement of “Cooperation & Project Funding Agreement” 27
Reports: Upload System Log In 28
Reports: Uploading Documents 29
Reports: Uploading Documents Uploading Files 30
Reports: Uploading and Copies We require uploading the technical and fiscal reports and one hard copy sent to our office 31 Photo by freestocks.org on Unsplash
Technical Reports: Content Standard Report Cover Page (BIRD Procedures & Forms tab in website) 32
Technical Reports: Content Image by Arek Socha from Pixabay (see Procedures Handbook ) 1. Report Cover Page (BIRD Procedures & Forms tab on website) 2. Table of Contents 3. Objectives : • of the project • of the segment covered by report 4. Summary of Accomplishments: including milestones attained and deliverables compare the accomplishments with the objectives (stated above) 5. Results: • on a task-by-task basis • deviations from the Program Plan • implications of modifications on the developed product 33
Technical Reports: Content Image by Arek Socha from Pixabay (see Procedures Handbook ) 34
Technical Reports: Content 6. Plans for Next Project Segment • Rescheduling or additions to activities • Impact of changes on original Program Plan 7. Graphical Comparison of Results vs Program Plan • In a graphical form (Gantt chart, Microsoft Project) show tasks & time-schedule deviations from Program Plan (Annex D of CPFA) 35
Technical Reports: Content 36
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