CFI is happy to announce organisation of a seminar on frugal innovation as an enabler for the achievement of sustainable development goals (SDGs) in Mumbai on 25th Sept. 2019. The seminar marks continuation of the fruitful cooperation that CFI has forged with the German Centre for Research and Innovation (DWIH) New Delhi, and this is the third year running for our joint events. Dr. Stephan Buse and Dr. Rajnish Tiwari from CFI will deliver talks outlining the scope of frugal innovation and their potential contribution for societal and economic development for all relevant stakeholders, while Prof. Dr. Cornelius Herstatt will moderate a panel discussion.
Authored by: Rajnish Tiwari a, Luise Fischer b and Katharina Kalogerakis a
a Center for Frugal Innovation, Institute for Technology and Innovation Management, Hamburg University of Technology (TUHH), Hamburg, Germany
b Fraunhofer Center for International Management and Knowledge Economy (MOEZ), Leipzig, Germany
The topic of frugal innovation is increasingly gaining relevance in social as well as scholarly discourse. Frugal innovations have been perceived by many to be a phenomenon generally confined to emerging economies where there are large groups of unserved consumers with unmet needs. But there is increasing evidence that this phenomenon is getting relevant also in the industrialized nations potentially affecting the long-term competitiveness of domestic firms not only overseas but also at home.