Isabel Maxwell: Israel’s “Back Door” Into Silicon Valley | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Isabel Maxwell: Israel’s “Back Door” Into Silicon Valley

In 1992, Israel’s government created the Yozma Program at the urging of Chief Scientist of Israel’s Ministry of Industry and Trade – Yigal Erlich – as Erlich moved to leave that position. The Yozma Program aimed to “incentivize venture investment” by creating state-linked venture capital funds, which later spawned a myriad of Israeli hi-tech start ups with merging them with major, foreign technology companies. According to Erlich’s website, he had lobbied Israel’s government to launch Yozma because he had “identified a market failure and a huge need in Israel to establish for the first time a professionally-managed venture capital industry that will fund the exponential growth of high tech ventures coming out of Israel.” He then “convinced the Israeli government to allocate $100 million for his venture capital vision.”

Erlich’s vision would also result in the fusion of Israel’s hi-tech sector, which he helped to create, with Israel’s intelligence apparatus, with numerous Israeli hi-tech conglomerates created with funding from the Yozma program and its successors doubling as tools of Israeli espionage. Notably, not long before Erlich convinced Israel to place $100 million into this program, Israeli intelligence, thanks largely to the work of infamous spymaster Rafi Eitan, had learned the benefits of placing backdoors for their intelligence services into commercial software through the theft and subversion of the PROMIS software. As noted in Part I of this series, Israel’s bugged version of PROMIS was largely marketed by Robert Maxwell.