FRUGAL INNOVATION

Through the collaborative effort of academics, practitioners, and policy makers from leading institutions across the world, the CFI seeks to work on conducting and promoting research, consulting, and education in the field of affordable and sustainable innovations. Frugal innovations are defined as those innovations "that seek to minimize the use of material and financial resources in the complete value chain with the objective of substantially reducing the cost of usage and/or ownership of a product while fulfilling or even exceeding pre-defined criteria of acceptable quality standards."... The results of this collaboration are intended to enhance the innovative and competitive performance of enterprises while contributing to the greater good in the form of solutions leading to a better quality of life... Cooperating with leading research institutions to address existing and emerging issues; Providing consulting services to firms to develop and deliver useful, environment-friendly..