Frugal innovation

The concept of frugal innovation has been used by the journal Business Standard to describe ‘low-cost but cutting-edge’ technology in areas as diverse as aviation, healthcare, transportation and energy.

The term has also been defined as an approach to innovation characterised by very careful, insightful and economical use of resources, both human and material (see Re Vica on educational applications).

So can we use this idea in other social and public services as well?

The idea behind this website (amsc) would suggest that frugal innovation is a useful technique. Are there further examples of how this can be applied?

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Posted on May 17, 2010, in Real-Life Examples and tagged , , . Bookmark the permalink. Leave a comment.

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