Social innovation refers to innovation driven primarily at solving a major social problem. Learn how to prioritize this over the generation of financial returns for founders or investors.
- Each year about 20 million premature,…low birth-weight babies are born around the world.…This is a challenge everywhere,…but especially in developing countries.…Incubators are extremely expensive,…so most hospitals don't have any.…Some hospitals may have donated incubators,…but these can be confusing to operate…and difficult to maintain and repair.…The result, a high rate of mortality for these infants.…
In 2008 a student team in a Stanford University course,…Design for Extreme Affordability,…came up with a groundbreaking solution that costs only $25…versus the $20,000 price of a traditional incubator.…This incubator, called Embrace, is like a sleeping bag…with an innovative, high tech wax pouch embedded in it.…The wax maintains the baby's body…at exactly the right temperature for four hours.…
After that, the pouch can be recharged…by dipping it in boiling water for just a few minutes.…The incubator has no moving parts…and does not need electricity.…It's small, light, portable, inexpensive to transport,…and intuitive to use.…
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- Fundamentals of innovation
- Fostering creativity without losing control
- Design thinking
- Lean startup
- Redefining customer value
- Digital transformation
- Social innovation
- Frugal innovation