Francisco Parodi

Binational Industrial Research & Development Foundation was established by the U.S. and Israeli governments in 1977 to generate mutually beneficial cooperation between the private sectors of the U.S. and Israeli technology industries, including start-ups and established organizations. It provides both matchmaking services between U.S. and Israeli companies, as well as funding covering up to 50 percent of project development and product commercialization costs. The company is headquartered in Tel Aviv, Israel.