Continuing its programme of technological capability enhancement, Israel’s intelligence agency, the Mossad, announced on 27 June it is creating a technological innovation fund aimed at helping meet future challenges by accessing the unique innovative capabilities in start-up companies.
Known as Libertad, the fund will be unusual in that it will not require equity stakes in the companies supported, or royalty payments. Nor will it place any restrictions on the intellectual property developed with the funding provided – which will typically be in the region of US$500,000 per project – though more extensive proposals may also be considered. Instead, Mossad will be granted a license to use the resulting technology – a new model developed to encourage wider participation.
The agency has called openly for innovative companies to submit proposals for consideration. Israeli government agencies, particularly the security services and armed forces, are making great strides in becoming more transparent and open in an attempt to leverage the best available technology and skilled labour from domestic industry.