Mossad launches fund to invest in firms developing spy tech

The fund, named Libertad, will invest in companies innovating "cutting-edge technology," such as robotics, energy harvesting, encryption, personality profiling and text analysis.

27 June 2017 | 23:05

Source: Associated Press

  • Source: Associated Press
  • Last update: 27 June 2017 | 23:05

This file photograph taken on July 9, 2012, shows the keyboard display of a computer in Sydney. (AFP Photo)

JERUSALEM: Israel's Mossad is launching an investment fund for start-ups developing "groundbreaking" technologies that could be used by the spy agency.

The fund, named Libertad, will invest in companies innovating "cutting-edge technology," such as robotics, energy harvesting, encryption, personality profiling and text analysis. A promotional video published by the Mossad shows an agent employing a face-recognition contact lens to identify her targets.

Libertad's website says that it offers up to $568,000 "in equity-free capital for R&D of relevant, viable and groundbreaking projects."

Israel's Prime Minister's Office says in a statement announcing the fund's creation that in exchange for funding start-ups, "the Mossad will receive a license to use the technology developed, without imposing any restrictions on the IP developed, and without paying royalties."

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