Friday, October 26, 2007

CIA Venture Fund Focuses on Spy Gadgets

CA - Since In-Q-Tel was founded in 1999, the firm has reviewed more than 6,300 business plans for everything from identity recognition software to nano-sized electronic circuits. Many proposals come in via its Web site.

In-Q-Tel has put about $200 million into more than 100 companies,
beating traditional VC investors to technologies such as the mapping software that's become Google Earth.

...In-Q-Tel is the Arlington, Virginia-based VC business of the Central Intelligence Agency, the U.S. spying organization. (more)