Article by Artur Kluz and Stefaan Verhulst: “A new concept of “triple use” — where technology serves commercial, defense, and peacebuilding purposes — may offer a breakthrough solution for founders, investors and society to explore….
As a result of the resurgence of geopolitical tensions, the debate about the applications of dual-use technology is intensifying. The core issue founders, tech entrepreneurs, venture capitalists (VCs), and limited partner investors (LPs) are examining is whether commercial technologies should increasingly be re-used for military purposes. Traditionally, the majority of investors (including limited partners) have prohibited dual-use tech in their agreements. However, the rapidly growing dual-use market, with its substantial addressable size and growth potential, is compelling all stakeholders to reconsider this stance. The pressure for innovations, capital returns and Return On Investment (ROI) is driving the need for a solution.
These discussions are fraught with moral complexity, but they also present an opportunity to rethink the dual-use paradigm and foster investment in technologies aimed at supporting peace. A new concept of “triple use”— where technology serves commercial, defense, and peacebuilding purposes — may offer an innovative and more positive avenue for founders, investors and society to explore. This additional re-use, which remains in an incipient state, is increasingly being referred to as PeaceTech. By integrating terms dedicated to PeaceTech in new and existing investment and LP agreements, tech companies, founders and venture capital investors can be also required to apply their technology for peacebuilding purposes. This approach can expand the applications of emerging technologies to also include conflict prevention, reconstruction or any humanitarian aspects.
However, current efforts to use technologies for peacebuilding are impeded by various obstacles, including a lack of awareness within the tech sector and among investors, limited commercial interest, disparities in technical capacity, privacy concerns, international relations and political complexities. In the below we examine some of these challenges, while also exploring certain avenues for overcoming them — including approaching technologies for peace as a “triple use” application. We will especially try to identify examples of how tech companies, tech entrepreneurs, accelerators, and tech investors including VCs and LPs can commercially benefit and support “triple use” technologies. Ultimately, we argue, the vast potential — largely untapped — of “triple use” technologies calls for a new wave of tech ecosystem transformation and public and private investments as well as the development of a new field of research…(More)”.