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2004 World Technology Awards Winners & Finalists
Please describe the work that you are doing that you consider to be the most innovative and of the greatest likely long-term significance.
In-Q-Tel is a private, non-profit enterprise funded by the Central INtelligence Agency (CIA). Our mission is to identify and invest in cutting-edge technoloyg solutions that serve U.S. national security interests. Working from an evolving strategic blueprint that defines the Agency's most pressing technology needs, In-Q-Tel connects with entrepreneurs, established companies, universities, researchers, and venture capitalists to develop technologies that pay out in superior intelligence capabilities.
For entrepreneurs, In-Q-Tel offers a source of capital, access to our network of technology companies and investors, and the opportunity to work on some of the toughest enterprise technology problems today. For venture partners, we bring an in-house technical team that vets new technologies and accelerates their development. We also bring a hands-on team of experienced business builders and leaders committed to growing great companies that develop great products.
To optimize value for our client the IC—In-Q-Tel engages with startups, mezzanine and established companies, as well as universities and research labs at a strategic level. We structure attractive win-win relationships through equity investments, product development funding, innovative intellectual property arrangements and commercial and government business development guidance. In-Q-Tel generally invests between $1M to $3M. We lead investment rounds and co-invest with other firms.
We back great entrepreneurial teams with innovative technologies that have the potential to address high growth commercial markets. Commercial success for our partners is critical to achieving our ultimate goal of reducing the total cost of technology ownership to the Intelligence Community. But we are not looking for government-specific solutions. We focus on identifying commercial analogs to the IC's own enterprise problemswhere the needs of the market and the IC meet.
Since launching operations in 1999, In-Q-Tel has evaluated over three thousand five hundred proposals, most from companies that had never previously considered working with the government. To date, we've invested in or otherwise established strategic relationships with more than 40 of these companies.
In-Q-Tel now includes a 50-person staff and two strategic business teams, Technical and Venture, with a bi-coastal presence in Arlington, Virginia and Menlo Park, California. For more about who we are and what we do, read about our guiding vision, our company history, our business model and our relationship with the CIA.
The challenge of creating an innovative, new business model aimed at enhancing national security convinced Gilman Louie to join In-Q-Tel as its first president and chief executive officer. In this role, Gilman has focused on refining and evolving In-Q-Tels innovative model, identifying and exploring exciting new developments in technology, and, perhaps most importantly, recruiting and developing a leading team of technologists, entrepreneurs, venture capitalists and strategic visionaries that share a passion for In-Q-Tels mission.
As a pioneer in the interactive entertainment industry, Gilmans successes have included the Falcon, F-16 flight simulator, and Tetris which he brought over from the Soviet Union. Most recently, Gilman served as Hasbro Interactives chief creative officer and general manager of the Games.com group, responsible for creating and implementing the business plan for Hasbros Internet games site.
Prior to joining Hasbro, Gilman served as chief executive at a number of corporations, including Nexa Corporation, Sphere, Inc., Spectrum HoloByte, Inc., and MicroProse, Inc., which was sold to Hasbro in 1998. During the course of his 20-plus years in the technology industry, he has managed mergers and acquisitions, developed a range of financing arrangements leveraging venture capital and the public markets, and negotiated major licensing deals while remaining actively engaged in the design and development of award-winning products and technologies.
Gilman has served on the board of directors of several corporations and groups, including Wizards of the Coast, Total Entertainment Network, Direct Language, FASA Interactive, and most recently the National Venture Capital Association. He has served as a member of the Markle Foundation Task Force on National Security in the Information Age. He is on the board of the non-profit venture fund, NewSchools. org. He is a nationally-recognized leader and speaker in the fields of entertainment software, educational software, and translation and media services, and has established himself as an expert on the critical relationship between technology innovation and national security. Gilman completed the Advanced Management Program/International Seniors Management Program at Harvard Business School, and he received his Bachelor of Science in Business Administration from San Francisco State University.
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