Frugal Innovation

Frugal innovation involves creating cost-effective solutions by simplifying and adapting products or services to meet core needs, especially in resource-limited settings. It emphasizes affordability, efficiency, and accessibility, often resulting in products that are affordable for wider populations without compromising essential functions. This approach enables companies to address pressing challenges with innovative, budget-conscious ideas, fostering inclusive growth and expanding reach in markets where traditional solutions might be too expensive or complex.