JERUSALEM: Israel’s Mossad spy employer is starting a fund to put money into generation companies developing products that might assist its work, inclusive of the ones involving robotics and encryption, the prime minister’s office stated Tuesday.
The fund, to be known as Libertad, will put money into research and improvement programmes at “cutting-edge technology startup businesses,” a announcement said.
It said it become calling on corporations to submit proposals, specially in areas along with robotics, encryption and character profiling.
The statement said Mossad could not publicise the names of the firms wherein it invests.
It said Libertad could be open to each person and provided an e-mail cope with to submit proposals
(practice@libertad.Gov.Il), including that it might provide up to two million shekels ($570,000, 500,000 euros) for projects.
More may be granted for extraordinary instances, it stated.
It will now not act as a standard investor.
Libertad will no longer keep equity within the firms in which it invests and will instead receive a licence to apply the era evolved, it stated.
The CIA inside the United States has created a similar investment fund, referred to as In-Q-Tel.
Israel is seen as a international leader inside the era industry, specifically concerning cyber-defence.
Libertad became the call of a deliver that carried Jewish emigrants to what became then British-mandate Palestine in 1940 earlier than the creation of the country of Israel.
The fund, to be known as Libertad, will put money into research and improvement programmes at “cutting-edge technology startup businesses,” a announcement said.
It said it become calling on corporations to submit proposals, specially in areas along with robotics, encryption and character profiling.
The statement said Mossad could not publicise the names of the firms wherein it invests.
It said Libertad could be open to each person and provided an e-mail cope with to submit proposals
(practice@libertad.Gov.Il), including that it might provide up to two million shekels ($570,000, 500,000 euros) for projects.
More may be granted for extraordinary instances, it stated.
It will now not act as a standard investor.
Libertad will no longer keep equity within the firms in which it invests and will instead receive a licence to apply the era evolved, it stated.
The CIA inside the United States has created a similar investment fund, referred to as In-Q-Tel.
Israel is seen as a international leader inside the era industry, specifically concerning cyber-defence.
Libertad became the call of a deliver that carried Jewish emigrants to what became then British-mandate Palestine in 1940 earlier than the creation of the country of Israel.
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