Thursday, November 21st | 23 Heshvan 5780

Subscribe
June 28, 2017 11:28 am

Converging With ‘Start-Up Nation,’ Israel’s Mossad Establishes Tech Investment Fund

avatar by JNS.org

The Israeli company ElMindA’s brain-mapping technology (illustrative). Photo: ElMindA.

JNS.org – Israel’s Mossad security and intelligence agency will converge with the Jewish state’s “start-up nation” through the establishment of a technological innovation fund.

The fund, “Libertad,” will serve as an additional branch of the intelligence service’s “technological force build-up,” the Mossad said on Tuesday.

Libertad will connect the Mossad to Israel’s various technology start-ups by enabling the intelligence agency to directly invest in homegrown research and development programs.

As part of the Libertad initiative, the Mossad has called on entrepreneurs and companies to submit innovative proposals in the fields of robotics, energy harvesting, web intelligence, encryption and more.

Related coverage

November 21, 2019 11:54 am
0

Israeli Prime Minister Netanyahu Indicted on Corruption Charges, Including Bribery

Israeli Prime Minister Benjamin Netanyahu was indicted on corruption charges on Thursday, heightening uncertainty over who will ultimately lead a...

“We are looking for companies that are dealing in areas we are interested in, that are at the beginning stages, with a good idea and a good staff,” said a Mossad employee identified as “Aleph” on a conference call with reporters. “We want a relationship with them and to invest in their idea, so that they can fulfill their dreams and we can get the technology that we can use.”

Libertad is offering up to NIS 2 million ($570,000) in equity-free capital to invest in cutting-edge projects, and larger sums may be approved in unique cases.

Watch a Libertad promotion video below:

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.