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<strong>166</strong><br />

8<br />

LOS ANGELES PHILANTHROPIST<br />

ESTABLSHES FOUNDATION TO COMMERCIALIZE<br />

RESEARCH AT BEN-GURION UNIVERSITY<br />

OF THE NEGEV<br />

Los Angeles philanthropist,<br />

A Dariush Fakheri, has created<br />

an innovative foundation model<br />

that will provide up to $1.2 million<br />

to help fund and commercialize<br />

research at Ben-Gurion University<br />

of the Negev in Beer-Sheva, Israel.<br />

Should the initial research<br />

projects, selected by committee,<br />

become successful, the proceeds<br />

and royalties will revert back to the<br />

foundation, dubbed “Project Jacob,”<br />

to underwrite additional projects.<br />

Dariush Fakheri, who is<br />

president of the International Judea<br />

Foundation (IJF) supplying the<br />

funding, says that, “Israel’s future<br />

and its economy are dependent on<br />

continued successful innovation.<br />

We are trying to fix the dilemma<br />

of too many incredible innovations<br />

and discoveries getting stuck in a<br />

lab due to limited resources.”<br />

Project Jacob is open to<br />

other donors who want to contribute<br />

to promising research that requires<br />

additional financial support to get<br />

it to a stage where patents can be<br />

sold.<br />

“Project Jacob” refers to<br />

the biblical Jacob, who requested to<br />

be paid in speckled goats and sheep<br />

while working for his uncle, Laban.<br />

Jacob, one of the earliest scientists,<br />

initiated a selective breeding<br />

program yielding a large flock --<br />

and consequent prosperity.<br />

“Project Jacob is a unique and<br />

innovative example of channeling<br />

philanthropy in support of research<br />

on the verge of commercialization<br />

that will help the University and<br />

impact fields like medicine and<br />

alternative energy,” explains Doron<br />

Krakow, executive vice president of<br />

American Associates, Ben-Gurion<br />

University of the Negev. “It is a new<br />

avenue through which any donor<br />

can support the commercialization<br />

of the most promising research at<br />

BGU in a targeted way.”<br />

International Judea<br />

Foundation’s initial donation<br />

will seed three projects chosen<br />

by a BGU research committee to<br />

receive funding. The organization<br />

will provide additional funding<br />

up to the $1.2 million based on<br />

successful commercialization of<br />

these projects.<br />

Among the initial projects<br />

chosen by the committee of BGU<br />

research heads and Fahkeri for<br />

Project Jacob are:<br />

Retinal Angiography<br />

System - Retinal blood flow<br />

indicates many health issues,<br />

including diabetes mellitus,<br />

macular degeneration and vascular<br />

occlusion. BGU researchers have<br />

developed an image analysis tool<br />

from a series of high-resolution<br />

angiographic images that allows for<br />

the quantification of blood flow and<br />

vessels’ permeability to help make<br />

diagnoses.<br />

Balance Training System -<br />

This robotic engineering project, a<br />

treadmill-like device, simulates real<br />

life mobility problems while walking<br />

to help improve motion stability for<br />

the elderly and disabled.<br />

Venus Catheter - This<br />

device has already been patented<br />

but needs refinements to treat<br />

thrombosis, or blood clots, which<br />

affects 15 million people each year<br />

who suffer from strokes.

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