Michigan Israel Business Bridge 6735 Telegraph Rd Bloomfield Hills, MI 48301 248-642-1701 [email protected] Pamela Lippitt Executive Director [email protected] Mobile: 248-798-7824 Gil Pezza Managing Director, Michigan Israel Connect [email protected] Mobile: 313-613-4944 TABLE OF CONTENTS 1. Program introduction 2. The Five Ws (& One H) of the Michigan Israel Connect 3. Frequently Asked Questions 4. Letter of endorsement from Steve Arwood, CEO MEDC Michigan Israel Connect (MIC) facilitates transformative innovation in Michigan and Israeli entities -both large and small - by matching technology challenges with technology solutions. MIC is a program of the Michigan Israel Business Bridge (MIBB), powered through a grant from the Michigan Economic Development Corporation (MEDC). Michigan Israel Connect is primarily aimed at matching technology collaborations between Michigan and Israeli entities. The power of the program is through its listing platform found on the MIBB website, which offers powerful resources to launch companies into the next stage of their respective growth. Michigan Israel Connect is much more than a business-to-business (B2B) network. In this era when technologies can shape, impact and often disrupt both the present and the future of entire business sectors, MIC provides robust matchmaking solutions. Companies can enter and move rapidly through the offerings of technologies in a variety of sectors. Most importantly, the Michigan Israel Connect can also provide a platform of entry into the North American market for many Israeli start-up technology companies. MIBB will be reaching out to companies to enroll in the program, and then connecting companies once potential matches are found. The program can be accessed anywhere, sitting within the MIBB website at: www.michiganisraelconnect.com. Throughout the year there will also be regional seminars, webinars, and programming both in Michigan and Israel. Israel is a world leader in technology development and innovation, with top universities and over 3,000 high tech companies centered in life science, cyber and homeland security, alternative energy, water technologies and agritech, to name a few. As such, Israel is a perfect match for Michigan, which has a myriad of research and development centers that provide support and engineering for numerous industries. Please join us. Pamela Lippitt Executive Director Michigan Israel Business Bridge Gil Pezza Managing Director Michigan Israel Connect Frequently Asked Questions Q. What is the Michigan Israel Business Bridge (MIBB)? A. Michigan Israel Business Bridge (MIBB) is a non-profit bi-national chamber of commerce whose mission is to promote business, investment and research opportunities between Michigan and Israel. Q. What is the MEDC? A. MEDC or Michigan Economic Development Corporation is the economic development arm of the State of Michigan. Q. What is the Michigan Israel Connect (MIC) program? A. Michigan Israel Connect (MIC) is a technology procurement program in partnership between MEDC and MIBB, aimed at promoting technology-based business collaborations between Michigan and Israeli entities. MIC matches the technology needs of Michigan companies with solutions offered by Israeli technology providers. Q. What is the role of MIBB in the program? A. MIBB runs MIC and is the facilitator of introductions, but it is up to the individual participants to conduct their own due diligence and vetting process. Q. Why should Michigan and Israeli companies work together? A. Israel is a world leader in technology development and innovation, with top universities and over 3,000 high tech companies centered in life science, cyber and homeland security, alternative energy and agritech. Michigan companies can use the MIC to identify and fill technology needs. Q. Is there a free trade agreement between the United States and Israel? A. Yes, the United States' first ever free trade agreement was signed with Israel in 1985. To learn more about the free trade agreement and purchase certificates of origin click here. Q. Who is eligible to participate? A. All for-profit companies, utilities, hospitals, banks, incubators and university tech transfer offices that are directly in need of technology solutions, or have one or more technologies (they own) to offer as solution(s). Q. How is this program different than other listing platforms? A. MIBB has a dedicated managing director in Michigan and a representative in Israel to work with you to identify, coordinate and accelerate technology collaborations. Q. Is there a cost for participating in the MIC? A. No, thanks to an MEDC grant, there is no cost for the participating companies at this time. Q. How does MIC define a "Michigan company"? A. Any Michigan-based for-profit company (including subsidiaries and affiliate of foreign-owned companies), utility, hospital, bank, incubator, or university tech transfer office. Q. How does MIC define an "Israel company”? A. Any Israeli owned or Israeli-based for-profit company, utility, hospital, bank, incubator or university tech transfer office. Q. What happens after I submits my application? A. You will receive an email within 3 business days acknowledging application receipt. You will be contacted again when your form has been reviewed - usually not more than 5 business days. Q. How do I know if a match has been found? And what happens next? A. MIBB will notify you. If another company is interested, MIBB will make an introduction via email and then your two companies can take it from there. Q. Can my company join the program and still maintain anonymity? A. Yes, you can opt to not disclose your company's identity to the other MIC participants. Q. What if I am an independent consultant acting on behalf of an eligible company? A. The independent consultant can be listed as the key contact, but the form should be filled out based on the company request. If the consultant is acting on behalf of an undisclosed principal please contact [email protected] for more details. Q. Can my company's application be deleted/revoked after it has been submitted? A. Yes, please send an email to that effect at [email protected]. Q. What if there is an error in the submitted application, or I want to update the information? A. You can correct or update your information by sending an email reflecting the changes/correction you want made at [email protected]. Q. Can I directly contact other companies in MIC? A. Yes, once both companies approve and MIC has provided the introduction. Just contact us at [email protected]. Q. Why are there multiple prompts for technologies requests on the intake form? A. Because companies may have more than one technology they are either seeking or trying to place and each technology will have a separate listing on the website platform. Q. Do I need to report progress to MIBB? A. We ask that companies notify us if they meet, sign an MOU or enter into a business collaboration. This will allow us to give our funders important information (without specific company names) and statistics that will help the program funding remain intact. Q. If an Israeli company is planning a business trip to Michigan for meetings, can it rely on MIBB for help? A. Certainly, MIBB is not only a business matchmaker, it also assists companies in many areas during a visit, from hotel suggestions and kosher meal options to securing introductions to prospects and VC’s introductions. Q. If a Michigan company is planning a business trip to Israel for meetings, can it rely on MIBB for help? A. Certainly, just give the office a call and we can help you with suggestions and additional introductions. Q. How can MIBB help both Michigan and Israeli companies? A. MIBB is recognized as a leader in making connections and creating opportunities for Michigan and Israeli companies to meet through individual meetings, delegation visits and more. The members of the MIBB board of directors and advisory council are business leaders from both Michigan and Israel. Making connections for you is in our DNA. Q. How can my company help MIC succeed? A. That’s easy. Forward our information to your colleagues and have them sign up for the MIC too. They can start by visiting www.michiganisraelconnect.com. Q. I am a current member of MIBB and would like to donate services to the MIC program. How do I sign up? A. Click on this link and complete a short intake form. Thank you in advance. Q. How do I join MIBB? A. You can join MIBB on line or give us a call at 248-642-1701. We are here to answer your calls. May 31, 2016 To whom it may concern: The Michigan Economic Development Corporation (MEDC) and the Michigan Israel Business Bridge (MIBB) have entered into a strategic alliance to promote technology collaborations between Michigan and Israeli companies. As you well know, Israel is a hub of innovation and the world’s best breeding ground for high technology startup companies. Michigan, with its high concentration of corporate and university research and development, is fertile grounds for Israeli technology companies that wish to use Michigan as the platform of entry into the North American market. To that end, with a grant from the MEDC, MIBB has launched the Michigan Israel Connect program, which will match technology needs of Michigan companies with solutions offered by technology providers from Israel. A key focus of the Michigan Israel Connect Program (MICP) is to enroll, on the Michigan side, global corporations seeking innovative technologies and products to then facilitate connections with Israeli companies that provide relevant solutions. I am happy to endorse this program and hope you will take advantage of this great opportunity offered through the Michigan Israel Connect Program. I wish your company continued success and growth in our great State. If you have any questions or need more additional information, I can be reached at 517241-1400 or contact the Michigan Israel Business Bridge directly at 248-642-1701, [email protected]. Sincerely, Steve Arwood CEO
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