Michigan Israel Business Bridge, MEDC team up on pilot to provide new opportunities for Israeli, state businesses to grow
LANSING, Mich. -- The Michigan Israel Business Bridge today announced it plans to join forces with the Michigan Economic Development Corporation’s Pure Michigan Business Connect program to launch a pilot project to help Israeli companies expand their supply chains within Michigan.
“Michigan offers tremendous opportunities to Israel’s many companies, especially tech start-ups, interested in bringing their products to market,” MEDC CEO Steve Arwood said. “We commend MIBB for launching this pilot project to create new opportunities that are mutually beneficial to our respective businesses, growing Michigan’s economy and creating more jobs.”
Under the pilot -- Michigan Israel Connect -- Michigan and Israeli companies will be able sign up to access a website www.michiganisraelconnect.com and be introduced to opportunities to expand their business. The MIBB site will host a new platform to allow companies to review new opportunities. MIBB will also reach out to its members to enlist pro-bono services for companies working together.
One focus will be to enroll incubators, accelerators and independent start-ups. Most of the Israel companies in these groups are technology related and can provide technological solutions to Michigan companies.
The platform will also encourage searches for partnerships in applying for BIRD Foundation grants, the Michigan Israel Technology Connect Program, and other bi-national funding opportunities. In addition, MIBB seeks to create research collaborations through colleges and universities.
“We look at this partnership as a tremendous opportunity to bring Israeli technologies to Michigan leading to economic growth,” MIBB Executive Director Pamela Lippitt said. “We’re pleased to partner with Pure Michigan Business Connect to enhance growth opportunities for both Michigan and Israeli companies.”
In June 2014, Gov. Rick Snyder and Consul General of Israel to the Midwest Roey Gilad signed a bilateral cooperation agreement to promote joint industrial research and development projects. The pact is intended to promote and enhance the economic partnership between Michigan and Israel.
Launched in 2011, Pure Michigan Business Connect is a public-private alliance of the Michigan Economic Development Corporation, state agencies and major Michigan companies and organizations that connects in-state companies to business resources. Companies can find new ways to raise capital, get access to professional business services at little or no cost, connect with each other through a new business-to-business network, and identify potential supplier opportunities, while developing resources to improve their supply chains.
It is estimated that since Pure Michigan Business Connect launched, the program has facilitated more than $2.7 billion in revenue for Michigan companies, which translates into approximately 13,600 jobs for Michigan residents. For more information on Pure Michigan Business Connect, visit http://www.puremichiganb2b.com/b2b-web/#dashboard.
The Michigan Israel Business Bridge works all year long to increase trade, research and investment between Michigan and Israel. They accomplish this by working one on one with companies poised for expansion and export, through increasing opportunities for joint research and by presenting investment opportunities to their communities. To learn more, visit here: http://www.michiganisrael.com
Pure Michigan is a brand representing business, talent and tourism initiatives across Michigan. These efforts are driven by the Michigan Economic Development Corporation, which serves as the state’s marketing arm and lead advocate for business growth, jobs and opportunity with a focus on helping grow Michigan’s economy.
For more on the MEDC and its initiatives, visit MichiganBusiness.org. For Michigan travel news, updates and information, visit michigan.org. Michigan residents interested in seeking employment with any of Michigan’s growing companies should check mitalent.org, where more than 97,000 jobs are currently available in a variety of industries.
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