Israeli-Virginia joint venture funded by US-Israel Bi-National Research and Development – BIRD Foundation
A year after investing $2-million in R&D , Israel’s Over-SAT and Virginia-based MIL-SAT created a commercial venture in Virginia to bring to market their RIGEL Satcom Terminal. VIAB works closely with the US-Israel Bi-National Research and Development – BIRD Foundation to pair Virginia companies with Israeli concerns seeking U.S. partners to receive non-dilutive matching funding. Last year, two other Virginia companies received $1m awards. In addition, Virginia Tech’s partnered with Israeli Waves Audio and received BIRD funding.