Why Europe Needs Frugal Innovation
This article, based on a research developed by the Centre for Frugal Innovation in Africa (CFIA) and published in the Science|Business Network, sets out why Frugal Innovation needs to be anchored in the EU’s future research and innovation landscape.
Frugal innovation aims to create more value for more people from fewer resources. Much of the current academic discussion on frugal innovation finds its roots in developing and emerging economies like India and Africa. However, more and more business leaders and researchers find that it is important for Europe too.
The CFIA, hosted at the International Institute of Social Studies (ISS), advocates that Frugal innovation offers new opportunities to make the most of European technological expertise, to address European societal challenges and to better meet customer needs in home markets.