AGENDA 2 Noon (EST) 12:05 PM: Introductory Remarks Dr. Eitan - - PowerPoint PPT Presentation

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BIRD Energy Webinar

April 27, 2020 | Noon EST | 9 AM PST | 7 PM Israel Duration: 50 min

Will begin promptly

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AGENDA

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

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BIRD Energy Webinar

Opportunities for Funding U.S. Israel Cooperation for Renewable Energy and Efficiency and Natural Gas Technologies

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Joint fund, established in 1977 as a joint initiative between the US and Israeli governments

To stimulate, promote and support joint (non-defense) industrial R&D of mutual benefit to Israel and the United States Income from interest earned

• n $110 million

endowment grant and from repayments from successful BIRD projects

Mission Funding

BIRD Foundation

BIRD = Binational Industrial Research and Development

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BIRD’s Approach in a Nutshell

• 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)

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Timetable & Deadlines:

Executive Summary June 30, 2020 Final Proposal August 13, 2020 Decisions 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. Innovation in:

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Topics

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 The BIRD Energy Program

• ffers 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

The BIRD Energy Model

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Years from Project Completion % of the grant to be repaid

1 100% 2 113% 3 125% 4 138% 5 & Beyond 150%

(Based on Revenue)

Maximum repayment

• bligation: 150%

Repayment rate: 5% of Sales Semiannual repayments, indexed to CPI-U

Repayments Schedule

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BIRD Energy 2020- Submission Timetable

Task Submission Deadline Executive Summary June 30, 2020 Full Proposal August 13, 2020 Proposal Evaluation Sep.-Oct. 2020 Decision November 2020

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Submission Forms

www.birdf.com

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Submission of Executive Summary

www.birdf.com

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Submission of Executive Summary II

www.birdf.com

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Submission Forms

www.birdf.com

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BIRD’s Evaluation Criteria:

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• Innovation (Technology)
• Synergy between companies
• Market opportunity
• Go to market strategy / commercialism

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BIRD Energy 2020- Submission Timetable

Task Submission Deadline

Executive Summary June 30, 2020 Full Proposal August 13, 2020 Proposal Evaluation Sep.-Oct. 2020 Decision November 2020

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Proposal Submission

www.birdf.com

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BIRD Energy 2020- Submission Timetable

Task Submission Deadline

Proposal Evaluation (Review is done by the DOE, Israel Ministry of Energy & Israel Innovation Authority)

• Sep. - Oct. 2020

Decision November 2020

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Once Project is Awarded…

Company to Company Agreement Financial Due Diligence Cooperation and Project Funding Agreement

Project performance Every 6 months: Financial & Milestone Reports End of project: Audit Sales report

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BIRD Energy PR

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Approved Projects in 2019

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Projects Funded Per State 2009 - 2019

Total no. of projects = 51 Projects that initiated including projects approved in 2019

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BIRD Energy companies portfolio (partial list)*

Omat Ltd Dynamis Engineering LLC

*This study excludes BIRD Energy grantees which are very large corporations or academic institutions.

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Funds Raised by Year

Funding Rounds and Grants ($M)

Source: Adkit research. Survey was done till 2018

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Why BIRD Energy?

• 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
• rganizations (DOE, Israel Innovation Authority & Israel Ministry of

Energy).

• Commitment that accelerates delivery and time to market

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For questions about BIRD Energy and more information, feel free to contact:

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Israel

Limor Nakar-Vincent Deputy Executive Director of Business Development & BIRD Energy limorn@birdf.com

East Coast & Midwest

Andrea Yonah Director of Business Development East Coast & Midwest andreay@birdf.com

West Coast

Maya Vardi Shoshani Director of Business Development West Coast mayav@birdf.com