Mossad launches fund to invest in firms developing spy tech

Israel is seen as a global leader in the technology industry particularly regarding cyber-defence

Israel's Mossad spy agency is starting a fund to invest in technology firms creating products that could assist its work, including those involving robotics and encryption, the prime minister's office said Tuesday.

Mossad was seeking technologies in various fields that include robotics, miniaturization and encryption and automated methods of gleaning information from documents, according to a government statement released Tuesday.

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 technology, Japan Times reported.

Moscow warns Washington against 'incendiary, provocative action' in Syria
The statement comes after the United States accused Syria of preparing for a chemical attack, without giving any evidence. The U.S. cruise missile strike in April was the first intentional U.S. assault on Assad's government or military.

"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. In 1999, the U.S. Central Intelligence Agency established IQT, a non-profit investment fund aimed at accelerating the development and delivery of new technologies to U.S. government intelligence bodies.

It said Libertad would be open to anyone and provided an email address to submit proposals ([email protected]), adding that it would offer up to two million shekels ($570,000, 500,000 euros) for projects.

The Israel Security and Intelligence Service (Mossad) contends with complex and dynamic challenges in many spheres of activity. Its advanced defence industry, led by Elbit, Israel Aerospace Industries, Israel Military Industries and Rafael, accounts for about 14 percent of the country's exports.

Related news:

Hot News

isis-killer-beheading-video-story-top Trump says US on brink of become net exporter of energy
Juin 28, 2017 - 23:20
President Donald Trump says the U.S.is on the brink of becoming a net exporter of oil, gas and other resources. Merchant power companies and industry experts have long said that economics favor natural gas.

isis-killer-beheading-video-story-top Caroline Wozniacki entièrement nue en cover d'ESPN
Juin 28, 2017 - 23:18
A quelques jours du début des Internationaux de Grande-Bretagne à Wimbledon, Caroline Wozniacki fait la une du " Body Issue " d'ESPN .

isis-killer-beheading-video-story-top Disgraced MP ordered to repay 25 per cent of superannuation
Juin 28, 2017 - 23:15
The 64-year-old told the hearing in February his life had not been "a bed of roses" since he was released on parole on strict conditions.

isis-killer-beheading-video-story-top China frees three activists who probed Ivanka Trump supplier
Juin 28, 2017 - 23:13
They were released on the final day of their 30-day detention period limit. State Department called for the immediate release of the three activists.

isis-killer-beheading-video-story-top Hugh Jackman will star as Gary Hart in Jason Reitman's The Frontrunner
Juin 28, 2017 - 23:11
And even with the two's denials, a photo showing Rice sitting on Hart's lap near the Monkey Business yacht only fueled the fire. We can expect to hear more on these in the next few months as Reitman looks to get the ball rolling.

isis-killer-beheading-video-story-top 'Cash me ousside' girl pleads guilty to juvenile charges
Juin 28, 2017 - 23:11
Since her newfound stardom, the 14-year-old has moved to Hollywood and is reportedly shopping a reality television show. Phillip McGraw's television show, where her catchphrase went viral and she began booking events across the country.

isis-killer-beheading-video-story-top Millions in Nepal vote in second phase of local elections
Juin 28, 2017 - 23:08
In the first round of polls held on May 14 in Provinces 3, 4 and 6, voter turn out was recorded at 71 per cent. The voting began at 7 AM in a total of 8,364 polling centres and concluded at 5 PM.

isis-killer-beheading-video-story-top South Africa Vs New Zealand match abandoned due to rain
Juin 28, 2017 - 23:08
Match 6 of the ICC Women's World Cup 2017 between the South Africa eves and the New Zealand eves have been called off due to rain. Half-centuries from Lizelle Lee and Laura Wolvaardt then helped South Africa to reach the target with six balls to spare.

isis-killer-beheading-video-story-top Transformers wins the box office, but suffers franchise-low opening
Juin 28, 2017 - 23:06
So far the fifth Transformers movie has hauled in $196.2 million internationally, bumping up its global total to $265.3 million. Launching in 41 offshore markets, Paramount's Transformers: The Last Knight opened to $196.2M at the worldwide box office .

isis-killer-beheading-video-story-top UK's fragile government faces challenge over austerity
Juin 28, 2017 - 23:06
Corbyn's Labour Party has tacked an amendment onto the Queen's speech , calling for an end to a cap on public-sector pay. Mr Corbyn said: "When you cut local authority budgets by 40% we all pay a price in public safety".

isis-killer-beheading-video-story-top LAFC Closing Designated Player Wesley Sneijder
Juin 28, 2017 - 23:03
His career has been successful everywhere he's been, winning Champions with Inter and titles in every league. Los Angeles Football Club close to signing Wesley Sneijder as first designated player of the club.

isis-killer-beheading-video-story-top Brazilian President Michel Temer Is Formally Charged With Corruption
Juin 28, 2017 - 23:01
Temer, whose government has an approval rating in the single digits, has already resisted repeated opposition calls to resign. Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism.

isis-killer-beheading-video-story-top Warriors' Curry to play Web.com Tour's Ellie Mae Classic
Juin 28, 2017 - 22:57
The two-time NBA MVP will be playing to raise money for the Warriors foundation, as the Ellie Mae Classic benefits the Warriors. Curry, who plays to a 2.0 handicap, according to GHIN.com , will retain his current amateur status for the tournament.

Carmelo Anthony - not a fit whatsoever - considered Sixers
Juin 28, 2017 - 22:55
La La also provided the inside scoop on the thought process behind any potential career moves for Carmelo. It's the reason why he wanted to be traded nearly six years ago from the Denver Nuggets to the Knicks .

isis-killer-beheading-video-story-top Policeman beaten to death by enraged crowd
Juin 28, 2017 - 22:54
Authorities have asked police men to offer Eid prayers in protected mosques, newspaper Indian Express reported. The infuriated crowd then caught hold of him, stripped him naked and stoned him to death.