(thanks to Eli) The Massachusetts-Israel Innovation Partnership (MIIP) has awarded at least $1.3 million to fund 4 joint MA-Israel hi-tech and life-science projects. They cover prognostic kits, RF technology to treat heart arrhythmia, a 3D colon-imaging camera and fuel from algae.
http://articles.boston.com/2012-06-20/business/32318077_1_colorectal-cancer-funding-agencies-massachusetts-officials