Breaking Kenya News Forum


frugal innovation

It discovers new business models, reconfigures value chains, and redesigns products to serve users who face extreme affordability constraints, in a scalable and sustainable manner. sparse research funding, government restrictions, a cultural under-appreciation of entrepreneurs and a focus by many governments on large-scale industrialisation as the way ahead are holding back efforts could help create millions of new jobs, find ways to deal with climate threats and spur development in the developing countries mostly in Africa. For example Bright Simons, a Ghanaian entrepreneur, has developed verification technology to help buyers detect fake seeds, medicine and other products, a big problem across Africa. Has the African governments failed the citizens on funding innovations ?

Leave a Reply

Your email address will not be published. Required fields are marked *.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>