The Israel-United States BIRD Foundation has announced the approval of $5.5 million in new grants to support joint technology projects. Since its inception 48 years ago, the foundation has backed over 1,100 collaborative ventures, investing more than $406 million and helping generate over $10 billion in revenue. The foundation provides conditional grants of up to $1.5 million per project and plays an active role in connecting companies from both countries to foster innovation and cooperation.