CIA and Military Involved in Venture Capital Investing

CIA and Military Involved in Venture Capital Investing

 

Further evidence of the military-corporate alliance is the military and intelligence agencies involved in venture capital schemes.

In 2002 Congress gave the Army $25 million to establish an independent venture capital fund to get into companies that can produce promising military technology.  It was included in the $317 billion military budget.  The Army has a $1.2 billion research and development budget which critics have said was slow in delivering battlefield advances.  It also relied too much on major defense contractors and ignored smaller companies not establishes.

Back in 1998 the CIA set up In-Q-Tel.  It is an independent venture capital firm that since 2002 funneled $50 million to several dozen youthful information technology companies.

Source:

“Army Ordered to Hunt Down New Technology.”  Science Magazine, Vol. 295.  January 2002.  P. 422-423.

Advertisements

About elloborojo

Okay, as the subtitle states, this is a notebook from what I call a New Mexico diaspora (look up diaspora if you are asking). I was a former resident of New Mexico, now living elsewhere, but New Mexico is still my homeland. To get more in touch with your homeland one must be away from it. This is my attempt to understand it. I was a former anti-militarism activist in the Albuquerque area. Still believe that United Snakes militarism is the greatest threat to the world, as do the majority of the worlds population. Uncovered much information about the ties in New Mexico, but never processed it all. This blog is an attempt to do that. Also hope it may come of use to others with similar interests.
This entry was posted in Army, CIA, In-Q-Tel. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s