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Title : Mossad Wants to Invest In High Tech Start-Ups
link : Mossad Wants to Invest In High Tech Start-Ups

Mossad Wants to Invest In High Tech Start-Ups

The Mossad stand at Cybertech 2017 (Courtesy: Gilad Kavalerchik)

Reuters: Israel's Mossad sets up fund to acquire new spy techniques

Israel's Mossad intelligence agency has set up an investment fund to help development of new cloak-and-dagger know-how and is offering grants of up to 2 million shekels (about $570,000) per project to bring in new ideas.

A government statement on Tuesday said Mossad was seeking technologies in various fields, including robotics, miniaturization and encryption as well as new automated methods of gleaning information from documents and new ways of carrying out operations more stealthily.

A statement by the new fund, called Libertad, said it would be willing to give grants of up to 2 million shekels per project in exchange for non-exclusive rights to the

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technology.

Developers would retain the rights to their product and could sell it on, it said.

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WNU Editor: I find it interesting that the developers would retain the rights to their product and could sell it on to other customers.

More News On Mossad Wanting to Invest In High Tech Start-Ups

Mossad launches fund to invest in firms developing spy tech -- Washington Post/AP
Israeli spy agency creates fund to invest in tech firms -- AFP
Eyeing new spy tech, Mossad says it will pump money into startups -- Times of Israel
Israel's Mossad is looking for a few good startups -- Jerusalem Post
Mossad Launching Investment Firm to Benefit from Israel’s High-Tech Prowess -- The Tower
Israeli spy agency Mossad targets cutting-edge tech, sets up innovation fund -- FOX News

Hat tip Fred for this link.

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