ISRAEL 2028

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ABOUT USISTF

The U.S.-Israel Science and Technology Foundation (USISTF) was established in 1995, to fund and administer projects mandated by the U.S.-Israel Science and Technology Commission (USISTC), a bilateral entity jointly established by the United States Department of Commerce and the Israel Ministry of Industry, Trade, and Labor in 1994 to foster scientific, technological, and economic cooperation between the United States and Israel.  The Foundation is an independent 501(c)(3) nonprofit organization that receives funding to implement USISTC programs from the Government of the United States and the Government of Israel.

The overriding purpose of both the Commission and the Foundation is to maximize the contribution of technology to economic growth. Close cooperation between U.S. and Israel governments, industries, and academia in the areas of science and technology is regarded as the best way to bring about further technological advances and to strengthen economic relations.

The USISTF draws together U.S. and Israeli government, business, and academic leaders in order to cement relations that stimulate technological development and commercial exchange between the two countries. Since its inception, USISTC has engaged in programs to harmonize the U.S. and Israeli markets, reduce barriers to trade, and to build the infrastructure of long-term strategic cooperation between industry in the United States and Israel. The USISTF serves as an important catalyst in facilitating new opportunities for U.S. businesses to access and work with Israel's established and still growing technology sector.

Over the years, the USISTF has directed its focus to a variety of topics, including intellectual property rights; information technology; the economic benefits of environmental practices; defense commercialization; homeland security; waste management; biotechnology; & telemedicine.  Technology issues are the common denominator among all of its programs and activities.  USISTF currently conducts its services through several principal program mechanisms:

• The USISTF funds and/or partners with other organizations to analyze driving factors of technology-driven economic growth.
• A grant program designed to provide funds to programs creating collaborations between organizations in the U.S. & Israel that support companies in their quest to commercialize new and innovative technological products.
• The USISTF sponsors and establishes programs to support technology businesses & entrepreneurs by providing seminars, educational workshops, seed capital, mentorship, and business acceleration services. The USISTF also facilitates networking within the academic, entrepreneurial, and finance, communities.
• USISTF promotes and facilitates consortia building among multiplier organizations, such as industry trade organizations.