Israel Launches Fund to Invest in Spy Tech

June 28, 2017 Updated: June 28, 2017

Israel’s spy agency, Mossad, has created an investment fund to help it get new cloak-and-dagger technology.

Mossad wants to attract Israel’s brightest brains to work on startups for high-tech spy gear, from robotics to miniaturisation. It also wants encryption tech and new ways of carrying out operations more stealthily.

Yossi Cohen, who is currently the head of Israel's National Security Council, and who was named as the 12th head of the Mossad intelligence agency by Prime Minister Benjamin Netanyahu on Dec. 7, 2015. (GALI TIBBON/AFP/Getty Images)
Yossi Cohen, who is currently the head of Israel’s National Security Council, and who was named as the 12th head of the Mossad intelligence agency by Prime Minister Benjamin Netanyahu on Dec. 7, 2015. (GALI TIBBON/AFP/Getty Images)

The fund, called Libertad, offers up to $570,000 per project.

The resulting inventions are non-exclusive, meaning inventors can resell their technology to others.

The fund will support visionary entrepreneurs and help Mossad stay cutting edge, said Yossi Cohen, Director of Mossad.

“Libertad will allow the Mossad a strong, direct and fruitful connection to the pool of groundbreaking, technological brains that lead here in Israel,” said Cohen.