Home Activities October/November 2008 Newsletter

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Michigan Israel Business Bridge Newsletter

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Issue 4
October/November 2008
Upcoming Activities

Alternative Energy Breakfast Discussion

Tuesday, November 11 at 8:00 AM
Max M. Fisher Federation Building
6735 Telegraph Rd.
Bloomfield Hills, MI

This co-sponsored event between the MIBB and the Weizmann Institute will feature Dr. Igor Lubomirsky, Associate Professor in the Department of Materials and Interfaces at the Weizmann Institute. Dr. Lubomirsky will speak about his cutting edge research in solar and wind energy.

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2nd Annual Michigan-Israel Automotive Partnership Event

January 19-21, 2009
Automation Alley
Troy, MI

Supported by Automation Alley, Oakland County Economic Development, the Detroit Regional Economic Partnership, the Michigan Economic Development Corporation, and the Israel Export and International Cooperation Institute, and Ann Arbor SPARK.
Officers

Chuck Newman, President
Joseph A. Parini, Vice President
Noam Y. Raz, Vice President
Susan Herman, Secretary
Jeff Chutz, Treasurer
We Thank Our Founders and Corporate Level Partners
Founder's Society

Hannan Lis

Homedics

Jewish Federation of Greater Ann Arbor

Mike Levine

ReCellular

Scott Kellman


Corporate Partners

Elbit Systems of America

Hopen Therapeutics

Jaffe Raitt

Jewish Federation of Greater Ann Arbor

Ralph Gerson


Corporate Sponsors

Automation Alley

Israel Export and Economic Development Corporation

Jay Levin

Lansing Economic Area Partnership

MSW Group

Oxford Companies
West Michigan Science & Technology Initiative


Corporate Patrons

Butzel Long

Laurence Consultants
Schostak
Stout Risius Ross

The Identity Source

Virchow Krause

Corporate Members

Cantor Colburn, LLP

Deloitte

Farbman Group

Gal-Mar

General Linen and Uniform Service


GVA Detroit

Harvey Hohauser & Associates

Lighting Supply Co.

Mark Bernstein

Mark Milgrom

Mass Mutual Financial

McCullough Corporation

Menlo Innovations

NDS

Quality Engineering Corporation
Quick Links

Michigan Links

Israel Links

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In This Issue
Upcoming Activities
Leadership Message
Business Opportunities Available to Members
Other MIBB News
Member Spotlight
Membership Information
Ron Perry

From the President and Executive Director

 

 

 

Dear MIBB Members,

Because of some exciting activities during the month of November that will take both of us to Israel for a significant amount of time, we have decided that this will be a combined October-November newsletter.

It is with great enthusiasm that we announce the MIBB's involvement in the upcoming visit of Governor Jennifer Granholm to Israel! The Governor and a delegation of economic developers and private businesspeople from Michigan (including MIBB President Chuck Newman) will travel to Israel on November 15-19 for an investment mission.  The objective of the mission is to strengthen the Michigan-Israel business and investment relationship. The delegation will be meeting with companies that are doing business in Michigan, those that are considering Michigan as a place to do business, and others that the State would like to attract to Michigan. A full report on the outcome of the mission will be reported in the December newsletter.

Other important updates:

-    MIBB held an exciting membership meeting at ReCelllular on October 21. See below for details.

-    We have kicked off our membership, life science, and alternative energy task forces!  Soon we will do the same with the homeland security, IT/software, and automotive/manufacturing groups. If you are not on a task force and any of these areas interest you, please contact Ron. Joining a task force is a great way to get more involved with our activities.

-    The 2nd annual Israel-Michigan automotive partnering event will take place at Automation Alley in Troy on January 19-21, 2009, to coincide with the first public week of the North American International Automotive Show. The Michigan Economic Development Corporation, together with Automation Alley and the Michigan Israel Business Bridge, will be co-sponsoring this event.

And lastly, as we near the end of our first calendar year of operation, we would like to thank all those who have shown their support to MIBB by joining the organization. We are now actively renewing memberships and continuing to recruit new members.  For new members, we have a matching challenge in place by our President Chuck Newman whereby those who join by the end of the calendar year will have their financial commitment matched. This is a great way to demonstrate your personal dedication to the organization and provide additional financial resources to MIBB.

All the best.

Ron Perry, Executive Director
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Chuck Newman, President
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Business Opportunities Available to Members

The following is a list of companies that have approached the MIBB.  These business opportunities are exclusively available to MIBB members.  For further information on a specific opportunity(ies), please contact Ron.

ALTERNATIVE ENERGY

NEW - Michigan wind-to-energy start-up seeking potential technology partnerships with Israeli and/or Michigan companies.

AUTOMOTIVE

Established Israeli manufacturer of accessories for off road and 4x4 vehicles seeks Michigan representative with warehouse to store, distribute and market its products in the US.

Established Israeli automotive parts company seeks variety of U.S. business opportunities. In order of priority (a) acquiring starter battery manufacturer, (b) acquiring lead acid battery
recycling operation, (c) collaborating with automotive accessories company, and (d) collaborating with companies developing new battery technology and electric/hybrid vehicles.

CONSUMER

Michigan inventor seeks business collaboration with Israeli board game companies to manufacture, distribute, and/or market new chess game variant endorsed by 7 international grandmasters.

COSMETICS

Israeli company producing all natural cosmetics and essential oils seeks U.S. distribution partner.

HOMELAND SECURITY

Established Israeli-based developer of optical, opto-mechanical, and electro-optical systems for homeland security defense applications seeks US customers and business partners, as well as $3M expansion capital to establish business presence in Michigan. Company has local representative in Michigan.

LIFE SCIENCES

NEW - Michigan medical device manufacturing company seeks research, manufacturing, and distribution partnerships with Israeli medical companies.

NEW - Michigan firm seeking Israeli technology partnerships in bone and tissue regeneration.

NEW - Michigan diagnostic imaging company seeking distribution partnerships with Israeli imaging technology companies and opportunity to use technology with primary care customers.

Israeli medical device company with revolutionary diagnostic technology for rapid detection of infectious diseases seeks $11M in second round funding to complete clinical research and
regulatory activities and commercialize in the US.

Michigan-based medical device start-up founded by Israeli entrepreneurs seeks $200K seed investment to develop innovative glucose monitoring and insulin dosaging product for diabetics. Company has secured commitment for $200K and seeks other Michigan co-investor(s).

Israeli venture-backed company with gene-based therapy solutions for peripheral artery disease and coronary artery disease patients seeks $5-6M in new US-based financing round. Company currently conducting Phase I/IIa human clinical trials. University of Michigan is central U.S. investigation site. Company would potentially establish in Ann Arbor pending funding.

Israeli pharmaceutical start-up developing therapies for age-related macular degeneration and non-small cell lung cancer seeks $800K in new funding to be co-invested with previous round investors. Company would potentially establish Ann Arbor site to pursue pre-clinical research trial with University of Michigan Kellogg Eye Institute.

Israeli pharmaceutical start-up developing nitric-oxide based therapies for hypertension, epilepsy and other clinical applications seeks $5M investment for R&D and establishment of Michigan-based site.

Israeli medical device start-up that has developed intra-ocular lens implant for post-cataract surgery patients, thus eliminating need for eyeglasses, seeks $3-4M investment to gain regulatory
approval and enter the U.S. market.

Israeli medical device start-up that has developed device based-solutions to treat sufferers of dry mouth (xerostomia) seeks strategic business partnerships with US oral-health companies.

Israeli company that develops multimedia products for life science companies (marketing and promotional videos/simulations, presentations, training programs, and web design/development)
seeking to sell its services in the Michigan and U.S. markets. Interested members can contact Ron for link to demos.

MANUFACTURING

Early stage Israeli company with Michigan office seeks $3M in growth capital to enhance U.S. sales and marketing for innovative technology that automates welding for complex, small batch
manufacturing.

SOFTWARE

Israeli web 2.0 company seeks customers in insurance and other industries to beta test on-line collaboration software.

TELECOMMUNICATIONS

Michigan subsidiary of Israeli telecommunications company seeking new customers for its data and voice broadband monitoring solutions.

TRANSPORTATION

Israeli-based company developing new technology to increase durability of railroad tracks seeks €700K capital investment and U.S.-based strategic partnerships.

Established Israeli company with unique fleet management and monitoring system, which helps reduce costs and increase driver safety, seeks Michigan customers in heavy vehicle market.


Other MIBB News

MIBB Launches Re-Designed Website

With the help of board member, Mike Fried, the MIBB has launched a re-designed and updated website, created to be more informative and user-friendly. We encourage you to check out the new look and recent articles.

Sr. Director of Teva Innovation Ventures will be in Michigan and Available for Business Meetings

Gavin Samuels, Sr. Director of Teva Innovation Ventures, part of the Israeli generic giant, Teva Pharmaceuticals, will be in Michigan on November 17-19. He will be participating in the annual MichBio expo. Furthermore, he is very interested in meeting with drug discovery companies developing new products relating to neurology, oncology, and autoimmune/inflammatory diseases. If you have an interest in meeting with Dr. Samuels, please contact Ron.

MIBB Holds Membership Meeting at ReCellular

On October 21, 2008, the Michigan Israel Business Bridge held a membership meeting at the international headquarters of ReCellular Inc., in Dexter. The event drew nearly 30 participants
and included very engaging guests and an equally exciting discussion.

We are grateful to Chuck Newman, CEO and Founder of ReCellular, and Co-Founder and President of the Michigan Israel Business Bridge, for hosting this meeting. The event kicked off with a tour of ReCellular's "no-waste" facility. Attendees learned how ReCellular processes 25,000 cell phones every day, reusing and recycling them for shipment all over the world.

Following the tour, Chuck Newman and Ron Perry welcomed the group and updated them on the organization and recent activities. Eran Bashan PhD and Israel Hodish MD, the Israeli co-founders
of Hygieia Medical, a new Ann Arbor start-up developing an "endocrinologist-to-go" device for diabetes management, then presented their company and discussed their experience establishing a company in Michigan.

In addition, the meeting included a discussion with 7 of the 19 Israelis currently obtaining their MBA degree at the Ross School of Business at the University of Michigan. They described their backgrounds and future aspirations, and suggested ways in which the MBA students and MIBB could collaborate in the future. For the MIBB, it was a terrific opportunity to begin a relationship with Israel's future business leaders.

This networking and educational event is an example of the many benefits members obtain from joining the MIBB. MIBB members can look forward to many other exciting meetings in the future.

Member Spotlight Steve Linder

A lifelong resident of Michigan, Steve Linder understands the need to increase economic development in the state. He recalls becoming involved in the Michigan Israel Business Bridge after hearing about the organization from its co-founder, Susan Herman. He became active in order to promote the well-being of the state.

Since joining, Linder has been a strong advocate for the MIBB and encourages others to join. "If we support organizations like this that are focused on economic development, specifically finding businesses for partnerships, we all derive the direct benefit from it."

Linder understands the struggles that companies fac
e when looking to expand or penetrate new markets. "The most common challenges organizations wanting to do business outside their immediate geographic region face are how to find partners and how to start. He believes the MIBB fulfills the role of a facilitator and makes the process of expanding less daunting.

A managing partner at Lansing-based Sterling Corporation, Linder fundraises for coalitions, political parties, non-profits, and is involved in helping businesses find their voice and have an impact on legislative policy.

Bridge
Membership Information

MIBB has already recruited prestigious businesspeople, venture capitalists, law firms, accounting firms and others to be members. Membership in MIBB is good for Michigan, good for Israel, and good for your business. As a member of MIBB you will be able to play a direct part in improving the economy of Michigan and Israel. MIBB membership will allow you to profit from the matchmaking efforts of its staff and members.

To find out out more about becoming a member click here. To download a membership application, please visit our website or click here.
MIBB Would Like to Thank All Members for Their Support
For more information on becoming a member, please visit our website by clicking here.

MIBB extends a warm welcome to its newest members:

Corporate Sponsors
MSW Group, PLC (Larry Slutsky & Steve Maltzman)
Tanner Friedman (Matt Friedman)

Corporate Members
Farbman Group (Andy Gutman)
General Linen & Uniform Service (William Schumer)
Lighting Supply Co. (Eugene Sherizen)

Professional Members
Douglas Siegel
Eran Bashan
Idan Varshavski
Isaac Katsav
James Reimer
Shachar Bar Cochav
Tsachi (Zach) Beiser
Yogev Shimony
Yotam Oren
Yuri Haverman