-- IQT continues global, strategic expansion -- 

In-Q-Tel, Inc. (IQT) announced today that Steve Bowsher has become its new CEO. He replaces Chris Darby, who retired in a succession plan previously shared in June 2023.  

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"Today we embark on an exciting journey as Steve becomes IQT's new CEO, a long-planned and welcome ascension. Steve possesses deep dedication to innovation and national security and visionary leadership. We believe he will continue to enhance IQT's work and role in service to the U.S. intelligence and defense communities and allies," offered Dr. Michael Crow, Chairman of IQT's Board of Trustees.   

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With over 17 years of distinguished service at IQT, Mr. Bowsher has consistently demonstrated a strong commitment to advancing technology solutions that enhance the capabilities of U.S. intelligence and defense agencies and allied partners. His extensive background in emerging technologies and venture capital and his deep-rooted understanding of the national security community will be invaluable in leading IQT into a new era of innovation and impact.  

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Bowsher joined IQT in 2006 to help widen the organization's aperture through which it viewed technological developments in the United States and globally and to enhance its understanding of the dual-use tech innovation pipeline. He served as IQT's Managing General Partner until 2021 when he was appointed President. Before coming to IQT, Bowsher served for eight years as a General Partner of a Silicon Valley venture capital firm and was an executive at E*TRADE before that.  

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"I am honored to lead IQT as we continue to serve our government partners and deliver technology capabilities and insights that impact the national security mission of the United States and its allies. I look forward to deepening and expanding our work and relationships here and abroad," said Bowsher. 

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IQT Establishes Office in Singapore 

In addition to this significant leadership transition, IQT is pleased to announce the opening of a new office in Singapore. This strategic expansion into Singapore reflects the region's growing importance as a technology and venture capital hub.  

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Investing internationally since 2002, IQT cemented its global footprint with the opening of offices in London and Sydney in late 2018 and 2019, respectively. IQT's expansion into Singapore builds on the organization's dedication to identifying and leveraging innovation and collaborative opportunities on a global scale. Of IQT's 700-plus investments, nearly 100 investments are in companies in the UK, Europe, and Asia Pacific.