Israel’s international Mossad intelligence agency has announced its investment in a new company, the Libertad Fund, which is being positioned as the agency’s new technological arm.
Libertad is to be used for the Mossad’s investments in research & development programs in startups in the technological sector.
As part of this new initiative, the Mossad has issued a request for proposals from companies and entrepreneurs, agency director Yossi Cohen said today at the launch event for the Mossad Libertad Fund.
“The Mossad fund for technology and innovation, Libertad, will find its place between the covert Mossad and the open world of technology,” Cohen said.
“Through Libertad we want to connect to you – market leaders, entrepreneurs, companies, industries and research institutes,” he explained.
“Libertad will provide the Mossad with a strong, direct and productive link with technological brain trusts and leading pioneers here in Israel in designing tomorrow.
“We have established the fund to support freedom of operation by visionary entrepreneurs who are working to realize their dream and will enable us to use their developments in implementing our national mission.
“The Mossad will do its part by financing research and development and, in exchange, will receive technology for its needs. I am proud of the Mossad’s innovation,” he said.
In particular, the agency is seeking startups working in the fields of robotics, biometrics and miniaturization.