Innovation for poverty alleviation
Poverty is a dire social problem globally. Innovative solutions for poverty alleviation are needed at many levels. Frugal innovations by businesses in resource-scarce environments are one promising approach.
Frugal water, energy, food or shelter innovations can improve the lives of underserved communities. But developing sustainable, system-level solutions requires co-creation and an inclusive approach. When partners from poor communities, NGOs, academia and governments co-create innovations, they are more likely to stick and provide higher benefits for all. We study and participate in such co-creative endeavours, seeking to tackle poverty and increase wellbeing.
Ethical issues are urgent in our globalized world where the public and civil governance of businesses is often underdeveloped and firms are located in different national regulatory systems.