Over 3 billion people around the world live outside the formal economy and face significant unmet needs in core areas such as health, education, energy, food, and financial services. Many of these people live in India. For years, this large population was either the target of aid or came under the purview of governments. More recently, however, private sectors firms, both large and small, have begun to see the bottom of the pyramid as a market opportunity and have begun to design market-based solutions to meet unmet needs and this is how Frugal Innovation is evolving.
In this workshop, Prof. Prabhu will discuss how the phenomenon of Frugal Innovation—the creation of faster, better and cheaper solutions that employ minimal resources—holds the key to driving growth, employing more people creatively, and solving the big problems of poverty and inequality. Throughout the talk, he will highlight examples of frugal innovation by entrepreneurs, emerging market firms, multinationals, NGOs and governments. He will end with implications of frugal innovation for large and small firms and governments alike.
The event will see Mr. Arun Jaitley (Hon. Minister of Finance, Govt. of India), Mr. Piyush Goyal (Hon. Minister of Power, Government of India), Mr. Dharmendra Pradhan (Hon. Minister of State for PNG, Government of India) and Mr. Suresh Prabhu (Hon. Minister for Railways, Government of India) as the Chief Guests.
Attracting senior and mid-level executives of corporations, multi-nationals, PSUs and ministries, entrepreneurs and professionals from startups and academicians, management faculty and students from all over the nation, this workshop will prove to be a learning opportunity for all.
The workshop will take place on 5 April 2016 at The Imperial Hotel, New Delhi.
For registrations, you may click here.