CFI investigates potential relevance of frugal innovations for Austria

Austrian Council

CFI has initiated a project to investigate the potential relevance of frugal innovations for Austria in cooperation with the Austrian Council for Research and Technology Development. The project seeks to examine the potential relevance of innovative products, services, processes and technologies aimed at achieving “affordable excellence” for Austrian enterprises in the backdrop of shifting centers of economic growth, changes in consumer behavior, global societal challenges and last-but-not-least the increasing resource-constraints.

One part of the project is dedicated to the Machine Tools industry, whereas SMEs also play an important role in the investigation. The study is in an advanced stage and soon expert interviews will be conducted. At CFI Dr. Rajnish Tiwari is entrusted with leading the project. The team is mainly complemented by Prof. Dr. Cornelius Herstatt, Dr. Stephan Buse and Jakob Scheitza.