Israel's Mossad intelligence agency has set up an investment fund to help development of new cloak-and-dagger know-how and is offering grants of up to 2 million shekels (about $570,000) per project to bring in new ideas. Mia Reakes reports.
It might look like the trailer for a spy movie... But this is actually an advert from Israel's Mossad intelligency agency. It has set up an investment fund to help develop new cloak-and-dagger techniques. And is offering grants of up to 570,000 dollars per project to bring in new ideas. (SOUNDBITE) (Hebrew) HEAD OF ISRAEL'S SECRET SERVICE MOSSAD, YOSSI COHEN, ADDRESSING EVENT LAUNCHING LIBERTAD FUND, SAYING: "The fund, called Libertad will give Mossad a strong, direct and fruitful connection to the pool of groundbreaking, technological brains that lead the field here in Israel, the designs of tomorrow. We have built the fund to support visionary entrepreneurs who work to fulfil their dreams. It will allow us to use their developments in order to fulfil our national mission." And that mission, echoed by Persident Bejamin Netanyahu on Twitter, is to keep Israel safe. Mossad is looking for new tech in fields like robotics, miniaturisation and encryption. It also wants new automated ways of gathering information from documents and carrying out operations more stealthily. The grant money would be in exchange for non-exclusive rights to the technology. Developers would still retain the rights to their product and could sell it on. What Mossad uses it for... we're unlikely to find out.