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Posts published in “Improving lives through business innovation”

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From solar torches to bioloos: five frugal innovations from around the world

Not everyone wants to send rockets into space. For these innovators, a cheap, effective, no-frills product is the goal Whether it’s bringing quality healthcare closer to those residing in rural villages or providing people with facilities as basic and necessary as toilets, it’s sometimes wise not to overcomplicate things. Frugal innovation, based on the Indian concept of jugaad – innovating when there are limitations in resources – can provide an answer when capital is low, resources are scarce, or infrastructure is in need of upgrading. Here are five businesses putting frugality at the forefront of innovation. Continue reading…

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