"The Tata Nano may not have changed the world, but frugal innovation will."
—
Good Economist story monitoring the trend of “reverse” innovation, “trickle-up” innovation or “frugal” innovation, however you like to describe it. This has been a story of growing importance in the past few years, and there are a ton of good examples here, from multinational companies such as General Electric to smaller startups such as Embrace, which sells low-cost infant warmers for premature babies.
[Story via Erik Van Crimmin]
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