Israel Intelligence Service Established a Technology Fund
6 July, 2017
The newly founded Libertrad fund will be provide equity-free capital for R&D that contribute to maintain the Mossad's technological superiority
[Photo above: Mossad Director Yossi Cohen at the launching of the Libertad fund]
The Israel Security and Intelligence Service (Mossad) announced last week the the establishing of a new technological innovation fund called Libertad (“freedom” in Latin). The Technological Innovation Fund of the Israel Security and Intelligence Service, was established to maintain the Mossad’s technological superiority by connecting to civilian cutting-edge technological startup companies.
According to the Israeli Foreugn Ministry, Libertad fund is an additional arm of the Mossad’s technological force, and will enable rapid research and development for the Mossad’s various goals. “For this purpose, Libertad will invest in R&D programs of cutting-edge technology startup companies.”
The Mossad’s investment method is unique: Libertad fund offers up to NIS 2 million in equity-free capital for R&D of relevant, viable and groundbreaking projects. In return for financing R&D programs, the Mossad will receive a license to use the technology developed, without imposing any restrictions on the IP developed, and without paying royalties.
From Robotics to Encryption Technologies
The Mossad also made a call to submit proposals for R&D projects in the following areas of interest: Robotics technologies in the fields of flexible robotics, biomimetics, miniaturized systems, all-terrain capabilities and silencing solutions, for land, sea, and air. Energy harvesting and self-powered systems providing solutions for increased performance and/or miniaturization.
Technologies for encrypting information at high speed (100 Gbps or higher), Automatic Identification of personality characteristics (Personality Profiling) based on online behavior and activity, and various automatic methods for summarizing documents, cataloging, extracting entities and semantic connections, using machine learning and other areas, in Hebrew and other languages.
For more information: Libertad Technological Innovation Fund