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Join the Michigan–Israel Business Bridge. Updated 12/09. Who We Are. A not-for-profit 501(c)(6) professionally-managed membership organization, facilitating business, investment, research and academic collaboration between Michigan and Israel. Independent Statewide Business-Focused
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Join the Michigan–IsraelBusiness Bridge Updated 12/09
Who We Are A not-for-profit 501(c)(6) professionally-managed membership organization, facilitating business, investment, research and academic collaboration between Michigan and Israel. • Independent • Statewide • Business-Focused - Inclusive
How Does MIBB Create Value? The Michigan Israel Business Bridge (“MIBB”) serves its members by being a catalyst for beneficial relationships between Michigan and Israeli companies, governmental entities, investors, and academic institutions of all sizes - through matchmaking, networking, and referral services. 3
Why Partner with Israel?* World Leader in Innovation and Technology Most engineers and scientists per capita Most scientific papers per capita Second in innovation Third highest number of US patents per capita Third in the world in quality of basic research (2nd in physics, 3rd in molecular biology, 4th in chemistry and 5th in biology and biochemistry) Third most prevalent country representation on NASDAQ * Source: 2004 IMD World Competitiveness Yearbook, Israel Central Bureau of Statistics
Why Partner with Israel? • >3,000 high-tech companies • Life Sciences • Homeland Security • Alternative Energy • Water Technology • Agro-Technology • Encryption & Data Security • Telecom • Software • Optics • Internet • Nanotechnology
Sample of Current Dealflow • Israeli automotive battery company seeking collaborative research and acquisition opportunities in MI • Israeli military supplier seeking strategic partnerships and new bidding opportunities in MI • Israeli medical device company seeking distributors, new customers, and financing in MI • MI-based rugged electronics company seeking technology partners in Israel • MI-based life science investment groups and incubators seeking dealflow from Israel 7
Since 2007, MIBB has brought Israel to Michigan and Michigan to Israel • 2 Michigan-Israel Automotive Business Exchanges • 62 Israeli company visits to MI since MIBB’s founding • 47 unique companies • 15 companies with repeat visits • Organized 4 business missions from MI to Israel, including State of Michigan and TechTown, and assisted on several others Results: • NEW! 1 Israeli company locating in TechTown • 1 Michigan-Israel BIRD investment • 1 Michigan-Israel JV established in Michigan • Several purchase orders and new customer acquisitions • 3 strategic business partnerships btw MI-ISR companies • MOU signed between MI-ISR leading to H20 collaboration
Success Indicators (updated 12/09) • # of Israeli company visits to MI: 62 • # of MIBB-led missions to Israel: 4 • # of members: 160 • # MIBB-influenced deals btw MI and Israel: 8 • Value of deals btw MI and Israel: tbd • Jobs created: tbd • Non-stop flight from DTW-TLV tbd
Where We Are Going: MIBB 2012 • 400 members - Michigan and Israel • 10 Israeli companies with physical presence in MI • 20 MI companies conducting business with Israel • Michigan-Israel venture fund • Michigan Incubator for Israeli companies • Collaboration with educ/research/business institutions • Young people staying in/returning to MI • Non-stop flight from DTW-TLV 10
Member Benefits • Access to Michigan-Israel deal flow • Part of unique network of Michigan and Israeli businesspeople • Opportunity to contribute to both economies - Matchmaking Meetings - Biz Missions - Membership Mtgs - Educ Forums - Business Exchanges
Who Benefits? Start-ups to large companies Investors Entrepreneurs Service providers (legal/acctg/HR/consulting/financial) Physicians/Scientists Economic Developers Hospitals Educational and Research institutions Real Estate developers Anyone who wants to help MI and Israel 12
How Have They Benefited? • MI companies - acquired technology/products from Israel • Israeli companies - tapped into new customers/partners/investors • MI investors - expanded their deal flow • MI entrepreneurs - identified technology partners in Israel • MI service providers and real estate developers - generated new customer leads • MI physicians - become advisors to cutting edge Israeli medtech companies • MI educational/research institutions - connected to Israeli counterparts resulting in collaborative research opportunities 13
For further information Ron Perry Mobile: 734-604-2479 rperry@michiganisrael.com www.michiganisrael.com