RealNews

Investing in Intelligence

The Federal Bureau of Investigation and the Pentagon’s Defense Intelligence Agency are beginning to invest in start-up companies, following U.S. intelligence agencies in using taxpayer money to spur development of high-technology products and services by U.S. entrepreneurs. The investments go through a venture-capital firm called In-Q-Tel, established by the Central Intelligence Agency in 1999 to tap into Silicon Valley and other high-tech centers. In-Q-Tel has invested $130 million alongside private investors, backing more than 80 companies developing technologies such as real-time translation software and digital mapping.Full Story

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