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| Intro to In-Q-Tel the CIA's Investment Side of the House - Will it Survive DOGE? |
| 2025-02-17 |
| [GreyDynamics] In-Q-Tel (IQT) is a legally independent, investment capital nonprofit organisation that was conceptualised and chartered by the CIA, with which it still has contracts. IQT invests in startup companies worldwide that develop technology that is considered advantageous to the US intelligence community’s mission. Since the advent of In-Q-Tel, other entities, like the U.S. Army, have followed suit and created investment companies that straddle the public-private sector divide. 1.3 History The origins of the venture capitalist firm lie in the CIA’s broad discretionary spending powers, as established by the Central Intelligence Agency Act of 1949, just two years after that Agency’s founding. The CIA established In-Q-Tel in 1999. Norman Augustine, former CEO of Lockheed Martin, served as In-Q-Tel’s first leader. One of the reasons IQT was founded is that the CIA felt that it would keep up with emerging technologies more effectively if it outsourced some of its research and development. Although the organisation was originally US focused, it has expanded its scope of investment internationally. It focuses on connecting the intelligence and defense communities to the private sector where R&D is occurring naturally. 1.4 Similar Organizations Since the advent of In-Q-Tel, different organizations have taken inspiration and begun their own investment firms. For example, The U.S. Army started its own venture initiative called OnPoint Technologies in 2002. NASA charted Red Planet Capital which also invests in up and coming technologies. 2 IN-Q-TEL AS AN ORGANISATION 2.1 Business Structure Although In-Q-Tel is a legally independent company, it is directly funded by the CIA’s budget for the Directorate of Science and Technology. IQT is given a yearly budget with which they can make equity investments in private sector firms. The IQT Interface Center (QIC) works to bridge the gap between the CIA and IQT. QIC communicates needs or problems to IQT, which then leverages its place in the private sector to try to find solutions. IQT typically makes between twelve and fifteen yearly investments, ranging in value from half a million to three million US dollars. In-Q-Tel, like many investment firms, functions as a board observer in the companies in which it invests. This allows IQT to have direct access to information about the company and the products they are investing in. In-Q-Tel also retains the right to pull out of investments. As a nonprofit organization, any incidental gains are directed back into IQT operations. In-Q-Tel has a presence in Singapore, London, Sydney, and Munich. These offices allow the organisation to invest in companies on the ground outside of the US, as well as collaborate with the intelligence communities of these countries. These offices benefit both U.S. interests and those of allied partners. Related: In-Q-Tel 07/28/2023 Palantir has built an 'AI fortress that is unmatched' and the stock is set to soar 54% as new industrial revolution begins, Wedbush says In-Q-Tel 02/05/2023 Former EcoHealth VP Dr. Andrew Huff Reveals EcoHealth Alliance and Hunter Biden's Metabiota Were Operating Biolabs Funded by the CIA In-Q-Tel 10/29/2021 A Military-Intelligence Outfit At Center Of Us Digital Vaccine Passport Drive |
| Posted by:Clem+Elmish4239 |
| #1 How will this effect Wuhan Institute shares ? |
| Posted by: Besoeker 2025-02-17 00:42 |