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Hardware Innovation is … Hard: How These Entrepreneurs Overcame the Challenges
Compared with the creators of app-based products, hardware-focused innovators face a much more difficult and expensive journey, says Villgro CTO Arun Venkatesan. The resources and time required to perfect hardware iterations are larger, the lack of a mature ecosystem is a problem, and the buyer is often distinctly different from the user or beneficiary. Venkatesan profiles four hardware innovators in agriculture and health care, discussing how they worked through these obstacles.
- Categories
- Agriculture, Health Care, Investing, Social Enterprise, Technology
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For Solar Irrigation to Grow, the Pump Needs to be Innovative – So Does the Warranty
Helen Davies at Futurepump writes that the startup has developed a cost-effective, solar-based pump to irrigate crops that is simple to use and maintain, and designed specifically with small rural farms in mind. The firm has already sold 4,000 units and is distributing in 11 African and Asian countries. But beyond the technology, an equally important innovation is the company's five-year warranty on the product, which Davies says is an industry first. She makes the case that solar device makers operating in low-income markets need to stand behind their products with warrantees and service, if customers are going to trust the technology and the manufacturers.
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- Agriculture, Energy, Technology
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Reimagining Slums: Innovative Solutions to Bangladesh’s Urban Housing Dilemma
Bangladesh's housing deficit has quadrupled in the last decade and, in the absence of adequate measures, it is projected to increase to 8.5 million units by 2021. Due to extreme demand and lack of rent control in slums, housing prices are sky-high. BRAC's Asif Saleh and Mahira Khan say these challenges highlight an opportunity for testing out models for urban development that leverage government, private business and the development sector.
- Categories
- Investing, Uncategorized
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Press release: MIT’s Inclusive Innovation Challenge awards over $1 million to organizations harnessing technology to create greater economic opportunity for workers
The MIT Initiative on the Digital Economy has awarded over $1 million in prize money in its second annual MIT Inclusive Innovation Challenge (IIC) in recognition and celebration of for-profit and non-profit organizations using technology to improve economic opportunity for base- and middle-level income earners.
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- Technology
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LAST CHANCE to Get a Free Chapter of Ross Baird’s New Book, ‘The Innovation Blind Spot’ – Oct. 31 Deadline
Village Capital president Ross Baird's first book, "The Innovation Blind Spot: Why We Back the Wrong Ideas―and What to Do About It" highlights a startling reality: While a handful of big companies are experiencing unprecedented success, entrepreneurial activity is near a 30-year low in the U.S. Meanwhile, investors are chasing the newest hit app, and ignoring grave and worsening challenges affecting billions of low-income people. We're giving away a free chapter from the book to subscribers of NextBillion Notes, our weekly e-newsletter, during the month of October.
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- Investing, Social Enterprise
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Cities Need To Transition To Circular Economies: Google Wants To Help
The company has made strides in making its own operations and buildings focus on reuse and recycling–now it wants to apply the lessons it has learned to urban environments.
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- Energy, Environment, Technology
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Silicon Valley and governments have to play nice if we want to save the world
Traditionally positioned as opponents at opposite ends of the ring—the private sector wanting to make a profit, the public sector wanting to make a difference—UNGA treated both as equals and encouraged them to shake hands instead of throw punches. True, lasting, global change isn’t the responsibility of either party alone, but to move forward, they’re going to have to find some middle ground.
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- Technology
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Rwanda: Indian Firms to Open Operations in Rwanda, Transfer Tech to Local Start-Ups
An Indian technology-led business delegation, India-Rwanda Innovation Growth Programme (IRIGP), has announced that up to 500 Indian firms will be interlinked with local start-ups as they set up shop in the country.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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