ISIF May Allocate €1 Billion to Irish Projects for 2015

Irish Strategic Investment Fund (ISIF), a strategic development sovereign wealth fund (SDSWF), plans to allocate between €500 million and €1 billion to projects and investments in Ireland for the remaining part of the year. The ISIF has a number of mandates which include generating commercial returns, boosting Ireland’s economy and domestic job creation. The ISIF is looking at over 100 proposals, building a pipeline of deals. Some allocations have been in Movidius and Malin Corporation. ISIF is also investigating opportunities to fill the investment gap in residential development construction.

ISIF manages the remaining €7.4 billion left from the National Pension Reserve Fund (NPRF). ISIF is run by Ireland’s National Treasury Management Agency.

U.S. Pentagon Looks at Strategic Development with Startups

The concept of strategic development is not unique to countries like Ireland and the United Arab Emirates. The U.S. Defense Department is working with the venture capital arm of the Central Intelligence Agency (CIA), In-Q-Tel, to source technology startups. In-Q-Tel was formed in 1999 to identify and invest in startups that could keep the CIA in the loop on the latest private sector technology developments related to its mission.

The Pentagon is keen on finding startups to “help its mission to defend the United States”. One key area of interest is cyber security.

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