U.S.-Israel Business Exchange to Be Held in Charleston Next Week

Eight Israeli companies are expected in Charleston, S.C. next week at the U.S.-Israel Neurotechnology Business Exchange. The conference and matchmaker event is designed to further business and research relationships with U.S. stakeholders and to attract innovative companies to South Carolina. Hosted by the Medical University of South Carolina (MUSC), the event will offer a focused opportunity for Israeli companies to present their technologies and meet with leading companies, healthcare institutions and investors in North America with the goal of fostering joint venture R&D, investment, clinical and marketing alliances.

Confirmed Israeli company participants include Alpha Omega, Brainstorm Cell Therapeutics, Insightec, Neurotech Solutions, NeuroQuest, TechTransfer Israel and Vaya Pharma.

At the event, South Carolina Department of Commerce Secretary Robert Hitt and Israel Economic Minister to North America Nili Shalev will announce a bilateral agreement to further collaboration in the field of industrial research and development. This agreement between the Government of the State of South Carolina and the Government of the State of Israel will be executed by SCRA and MATIMOP, the Israeli Industry Center for R&D, on behalf of the Office of the Chief Scientist of Israel’s Ministry of Economy. The agreement will create a funding mechanism for joint industrial research and development projects between Israeli and South Carolina companies and universities.

The two-day event is organized by the South Carolina-Israel Collaboration of the American-Israel Chamber of Commerce-Southeast Region, Israel Economic Mission N.Y. and the BIRD Foundation, in conjunction with Israel Brain Technologies. The event is built on the premise that the United States remains one of the major hubs for innovation, development and commercialization of new products for the diagnosis and treatment of brain disorders. Israeli companies working in this field have seen that their presence in the U.S. is a critical step for success.

Event sponsors include SCRA, Dixon Hughes Goodman, Womble Carlyle, CRDA, The InterTech Group, Consulate General of Israel to the Southeast; Israel Association of Technology Industries, SCBio, the University of South Carolina and Clemson University. For further information, visit http://neurotech.usisraelexchange.com.

About the American-Israel Chamber of Commerce

The American-Israel Chamber of Commerce is a bi-national business association with the mission of increasing economic development by fostering understanding, cooperation and business relationships between Israel and the Southeast. Since its founding in 1992, AICC has been involved in completed transactions valued at more than $1 billion, creating jobs and benefiting the economies of both Israel and the Southeast. AICC targets a range of projects involving import, export, research & development, direct investment and joint ventures. Key areas of focus include high-tech, cleantech, life sciences and security.

About SCRA and SCRA Technology Ventures

http://www.scra.org/

SCRA Technology Ventures helps innovative companies grow and develop new technologies, creating jobs and advancing the Knowledge Economy throughout South Carolina. This SCRA business sector provides support and mentoring through its flagship SC Launch program to early stage, start-up technology companies. Since 2006, SCRA has deployed over $65 million in funding and infrastructure to support over 271 high-tech, early-stage enterprises, and has directly invested over $13 million in South Carolina start-ups, attracting over $212 million in private investment. SCRA Technology Ventures also supports commercialization and growth by facilitating the transfer of intellectual property and accelerating the transition of inventions to the marketplace. Additionally, SCRA Technology Ventures invests in more established technology companies through its Stage 2 affiliate.

Multiple economic impact studies show SCRA’s cumulative output on South Carolina’s economy to be over $15.3 billion, and that the company has helped create approximately 15,000 technology-related jobs in the state, with annual wages averaging between $55,000 and $77,000.

Contacts

SCRA
Micki Howard MacNaughton, 843-760-3329
Mobile: 843-697-9226
micki.macnaughton@scra.org

 

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