ASC Seminar: Frugal Innovation and its developmental relevance in Africa

Frugal innovation is the (re)design of products, services and systems to make them affordable for low-income customers without losing use value. Frugal innovation has set in motion a new line of thinking on the developmental role of innovation systems and related business models, and has become an increasingly fashionable term in recent years. For example, the Tata Nano car in India, M-PESA in Kenya, the micro-packaging of consumer goods, and various Improved Cook Stove initiatives can be labelled frugal innovations. But, what exactly is frugal innovation and what is its economic, social and developmental relevance? Please register

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