DevTech believes existing and new Israeli technologies can serve a needy, but massive, market of people who live on just a couple of dollars a day.
If Caylee Talpert from Tel Aviv University has her way, “developing technologies” will be the latest buzzword in venture capital. And Israeli tools for developing technologies will be on the map of every investor.
Talpert is one of a handful of founders of a young initiative out of Israel called the DevTech Hub launched last year. Like social technology incubators to propel social and green technologies into the future, DevTech devotees think that existing and new Israeli technologies can serve a needy, but massive, market of people in the world who live on just a couple of dollars a day
“If you look 10 or 20 years ago, the term ‘clean-tech’ didn’t exist,” Talpert tells ISRAEL21c. “The term was coined and now when you look at any venture capitalist’s portfolio, clean technologies are there. In 10 years’ time we want to see dev-tech next to high-tech and clean-tech on a VC’s portfolio in Israel, and Israel as a world leader.”
If you put all the pennies and dollars together, there is a huge market potential, Talpert says. “The purchasing power is five trillion US dollars and Israel is only now starting to tap into the potential here.”
Not looking for exits
But it’s not just about bucks. Talpert recognizes that not all young Israelis are out to develop the next mobile app and make an exit of millions of dollars. Some want foremost to make the world a better place, socially and environmentally.
There is a chance for all those markets to meet. “When you look at Africa and all the tech hubs there, there are applications from remote diagnostics to farmers using applications to check their crops. There are a lot of for-profit opportunities, and Israelis don’t know about that.”
Talpert and her partners started DevTech out of the Pears Innovation and International Development Program at the Harold Hartog School of Government and Policy at Tel Aviv University, initially to raise awareness about Israel technologies in general. The hub grew out of the prominent online social movement Israel Dev to boost Israeli technologies.
DevTech aims to help new entrepreneurs and companies with tech products leapfrog over development hurdles, and instead of just focusing on the American market for product launch, to see developing markets as a primary goal.
“We want to harness our [Israeli] expertise for developing technologies for water, agriculture and clean-tech and become a source of innovative technologies for the developing world,” Talpert says. “We can join those already at the cutting edge.”
DevTech is already promoting and helping make connections for a number of Israeli technologies pinpointed for the developing world.
WHO sees potential in Israel
There is the pain-free and bloodless circumcision technology called PrePex that uses a ring to cut off circulation to the male foreskin. After a week, the dead skin falls off and the man is better protected from HIV infection.
This technology is now being supported by the World Health Organization in Africa. The World Health Organization has chosen PrePex to provide its solution to 20 million men.
Or consider the Israeli company Nova Lumos, which allows people in developing countries to access solar power using a cellular phone. Instead of paying a large upfront fee, as is the case in the developed world, customers put down a small down payment, and then make small future payments for solar power over the cell phone, like paying for a phone call.
There is MigrantHealth, developed by young doctors in Israel as a means to track and manage the medical records of people in transition, whether they be refugees, migrant workers or others without healthcare coverage.
MigrantHealth aims to provide a platform so that doctors at different points of care can manage the healthcare of people who are not in “the “system.”
These are just a few of the companies that Devtech is helping to promote and grow through its networking platform sponsored by the Pears Foundation, based in the UK.
At the Dev4Dev Hackathon in November, “Developing Apps for the Developing World” will be the theme to connect the Israeli entrepreneurial and tech community to the DevTech mission.
Talpert, who is appointed as a special tasks manager for this non-academic project, really aims big: “The grand vision is to make Israel the center of innovative technologies for the developing world.”
She and her partners, along with the foundation and the university, are currently deciding whether to structure DevTech as a non-profit or for-profit venture or accelerator.
“The idea is to formalize what we are doing to develop a structure with mentoring – possibly a business model for innovation for the base of the pyramid. In the end, winners [of events like the Hackathon] will be sent to the developing world to do research, to raise awareness and build more businesses in this field,” Talpert says.