In-Q-Tel Inc

Programs: In-q-tel (iqt) was established in 1999 as a private, independent, not-for-profit corporation to help the cia and broader u. S. Intelligence community (ic) identify, adapt, and deliver cutting-edge technologies that address national security needs. Iqt's strategic investment model gives it the agility often lacking within traditional government contracting approaches to find and nurture entrepreneurs and companies that can provide a supply chain of innovation which enables the ic to benefit from commercial technology advances. Iqt's purpose is to take the calculated investment risks necessary to support leading-edge, but often unproven, technologies, and mature them to operational readiness to help the cia and broader ic achieve their missions. Approach: -------- iqt works as: * a strategic investor, investing in companies to help nascent commercial technologies mature into mission-ready products at a lower cost than alternative approaches; * a technology accelerator, fostering development and introduction of technologies needed by the ic; and * an idea lab and forum for innovation and exploration, providing the ic with insight and access into both new technologies and leading innovators and thinkers. Identifying innovative technologies: ------------------------------------ as a strategic investor, iqt identifies startup companies that have commercially-focused, "ready-soon" innovative technologies, which are off the shelf products that do not require long-term development from the ground up. Iqts focus on this space means that it finds and delivers critical, innovative technology more quickly and cost effectively. Iqt crafts work programs to adapt a companys technology to specific customer requirements and makes an investment towards that work program. Iqt designs its strategic investments to accelerate product development and delivery, and specifically to help companies add capabilities that its intelligence community customers need. Iqt also makes seed investments, which are investments in companies that have technology of potential value for our government partners, but do not yet have a government customer, or the investment provides educational insights into a technology area for our government partners. Iqt also serves as a technology consultant and advisor that provides market, technology, and venture captial insights to our government customers. Additionally, iqt effectively leverages a significant amount of private sector funds, often from top-tier venture capital firms, to co-invest in our portfolio companies. On average, for every dollar that iqt invests in a company, the venture capital community has invested more than sixteen dollars, helping to deliver crucial new capabilities at lower cost to the government. As of march 31, 2017, iqts areas of technology focus are: field technologies, architecture, and enterprise technologies. Building strong companies for strong technologies: -------------------------------------------------- using product development funding and equity investing, iqt creates incentives for companies to put their best talent into solving the toughest technology problems facing the cia and broader intelligence community. Once an investment is made, iqt works with the company and the customer to adapt the technology according to customer need, and facilitates solution delivery. The advantages to the ic are significant: lower initial and long-term costs, faster development, and ongoing product enhancements to meet ic needs. Serving new intelligence community customers: --------------------------------------------- since its inception, iqt has expanded its ic partnerships to include the cia, the defense intelligence agency (dia), the department of homeland security science & technology directorate (dhs s&t), the national geospatial-intelligence agency (nga), the department of defense (dod) and others. Program service accomplishments: -------------------------------- in furtherance of its exempt purposes, iqt has made more than 360 investments, which includes more than 30 in the current tax year, many of which have produced technologies that have contributed directly to ic missions. Technology delivered by iqt, for example, makes it possible to fuse data from maps, images, text and other sources; visualize information in ways not previously possible; rapidly process vast amounts of information in multiple languages; make sense of seemingly unconnected information; and identify critical intelligence faster and more effectively. Simultaneously, iqt has cultivated a network of more than 200 venture capital firms and more than 100 labs and research organizations, further broadening the ic's access to innovative technologies. This network has allowed iqt to leverage more than $11. 4 billion in private-sector funds to support technology for the ic. The establishment of iqt labs created a strategic venture to conduct in-depth exploration in select technology areas that affect national security and help our government partners prepare to take advantage of these emerging trends. Iqt labs began with the launch of lab41 and has expanded to include cosmiq works, b. Next and cyber reboot . Iqt labs are a result of iqts mission-centric focus and are funded by proceeds from investment realizations on portfolio company exits. A brief description of each lab is below: * lab41 explores how the u. S. Government can leverage emerging machine learning capabilities against national security problems; * cosmiq works is exploring how the nations intelligence agencies can leverage new and emerging commercial space capabilities; * b. Next seeks to better understand and communicate the impact of emerging life science technologies; ; and * cyber reboot challenges how we think about cybersecurity and develops strategies to improve todays cybersecurity approach. Governance and oversight: ------------------------- the company is governed by an independent board of trustees comprised of former officials from the defense and intelligence communities, as well as current or former ceos of major companies, and university and investment industry leaders. Iqt is a private, independent, not-for-profit corporation. Iqt is neither part of the cia nor is it a government agency. However, iqt is party to and bound by a charter agreement and annual contracts with the cia. These agreements provide for appropriate insight and oversight of iqt by the government. The cia keeps congress informed of the company's activities.