(For Immediate Release – Philadelphia February, 13, 2018) The Philadelphia-Israel Chamber of Commerce is excited to announce the first Request for Proposals (RFP) initiated as a result of a Memorandum of Understanding signed between Israel Innovation Authority (IIA) and the Pennsylvania Department of Community and Economic Development (DCED) on Bilateral Cooperation in Industrial Research and Development on November 6, 2017 in Philadelphia.
This RFP is designed to promote joint industrial R&D projects between entities from Israel and Pennsylvania. Awarded projects will be funded through existing funding mechanisms accessible to IIA and DCED, respectively, and may be leveraged by other investments consistent with the policies and procedures of each state. The first RFP is designed to support life sciences innovation.
“The Philadelphia-Israel Chamber of Commerce community, Pennsylvania business, academic, and civic leaders, are excited by this historic moment of bringing the Memorandum of Understanding facilitating joint ventures between Israeli and Pennsylvanian innovators to life! Agreements are only valuable when they outline a clear path for project funding and completion,” remarked Neil A. Cooper, Esq., PICC President. “The PICC will play a pivotal role in promoting proposal submission, introducing partners for joint ventures, and helping Israeli companies call our region home.”
The Philadelphia-Israel Chamber of Commerce is a representative of the U.S.-Israel Binational Industrial R&D Foundation (BIRD), which annually provides 20-30 grants of up to $1 million per project to U.S.-Israeli joint ventures. Since 2016, five grants have been awarded to companies in PA and DE and more than $10 million in the past decade. The PICC promotes application to the grant, and coaches companies how to find innovation partners, and submit grant requests.
The submission deadline for the MOU is May 1, 2018.
Please click for additional information and to download the RFP.
Philadelphia-Israel Chamber of Commerce:
The unique mission of the Philadelphia-Israel Chamber of Commerce is developing business and academic ties between Greater Philadelphia, Southern New Jersey and Delaware, and Israel. The PICC is a non-profit, non-denominational, independent organization focused on creating commercial and investment opportunities between the two regions.
For more information
Ms. Vered Nohi, Executive Director
Philadelphia-Israel Chamber of Commerce