Farazeh Mahboob

April 2, 2015
BLOG General

Frugal innovation – the secret to scaling sustainably

In the changing landscape of development, long standing boundaries between non-profit and for profit models are merging while social enterprises are emerging. Even the most generous aid models are not enough to provide basic services to the 1.2 billion poor people living in middle income countries. In this context, the third Frugal Innovation Forum hosted by the BRAC Social Innovation Lab explored how we can serve millions in a sustainable manner. Under the theme ‘pushing the boundaries of development’, several speakers from the development sector, multinational corporations and social enterprises expressed that we need frugal innovations that can create more impact with less resources and institutions that can scale sustainably.