Overview
Innovation in emerging economies plays a vital role in driving economic growth and improving living standards. By focusing on frugal innovation and social entrepreneurship, these countries can create affordable solutions that address local challenges. Technology transfer and sustainable development ...
Key Terms
Example: A low-cost medical device designed for rural clinics.
Example: A company providing clean water solutions in developing countries.
Example: A university licensing its research to a startup.
Example: Using renewable energy sources to power communities.
Example: India and Brazil are considered emerging economies.
Example: Startups, universities, and investors collaborating in a tech hub.
Related Topics
Globalization
The process of increased interconnectedness among countries, impacting trade and culture.
intermediateImpact Investing
Investing with the intention to generate social and environmental impact alongside financial returns.
advancedDigital Transformation
The integration of digital technology into all areas of business, changing how organizations operate.
intermediateKey Concepts
Frugal InnovationSocial EntrepreneurshipTechnology TransferSustainable Development