Published on November 17, 2011
Horable Tara O’Toole, under secretary for science and technology of the U.S. Department of Homeland Security, stated the partnership of Genia Photonics with In-Q-Tel during her testimony released on Nov. 17, 2011. Here is an excerpt of the testimony.
S&T has also begun engaging with the private sector via investments through In-Q-Tel. In 1999, the Central Intelligence Agency supported the establishment of In-Q-Tel as a not-for-profit strategic investment firm designed to bridge the gap between new advances in commercial technology and the technology needs of the U.S. intelligence and security communities. Most In-Q-Tel investments combine funds from more than one partner agency, allowing S&T to leverage significant investments from the Intelligence Community.
S&T’s first project via In-Q-Tel was just announced with a company called Genia Photonics. This company developed a tunable laser source for the medical community and S&T is investigating the feasibility of this technology to perform non-contact, trace explosives detection. S&T expects to close four more In-Q-Tel deals in the next few months. All of these projects are expected to produce transition-ready technologies in the next 12 to 24 months. S&T’s total investment of $6.7 million is leveraging $11.5 million in investments by other government agencies. In addition, In-Q-Tel reports that $1 of government investment can attract $10 in private sector funding.
For the full testimony, follow this link: