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Frugal Innovation

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Frugal Innovation  Frugal Innovation - moladi Affordable Housing Frugal innovation or frugal engineering is the process of reducing the complexity and cost of a good and its production. - Housing Construction System Frugal Innovation “Frugal Innovation” proposes a breakthrough approach to solving some of the most pressing issues of our global economy as it empowers human beings to use their creativity to generate economic and social value while preserving the environment. "Frugal innovation is a critical business strategy for companies to prosper in a world where customers are both value-conscious and values-oriented. It challenges Western companies to create high quality products that are affordable and sustainable as well as desirable and meaningful for end-users."- Carol L. Cone   Shelter - Housing the base of the pyramid - Low cost housing Shelter - Housing the base of the pyramid - Low cost housing Maslow's hierarchy of needs - Jobs for the unemployed Food f...

Quality of SA innovations lauded

Quality of SA innovations lauded Government is trying to close the gap between innovation and businesses, with the introduction of the “innovation bridge”. Tuesday marks day one of South Africa’s first “innovation bridge” in Pretoria, a Department of Science and Technology event to match-make innovators with business. While a lot of innovation and research & development (R&D) takes place in South Africa, little of this makes its way onto the market or into companies. Government, through the National Research Foundation, universities and research councils, is the major funder of R&D in the country, but often these developments stay in the laboratory, due to a lack of venture capital, difficulties faced by start-ups or industry ignorance. “The [innovation bridge], which is the first-of-its-kind in South Africa, is intended to exhibit publicly funded technology innovation and create matchmaking opportunities for technology developers, financiers, funders and technology use...