Frugal tech: The start-ups working on cheap innovation

Indian start-ups are pioneering a movement in frugal technology, focusing on crafting cost-effective innovations that cater to the needs of local communities. By leveraging readily available materials, these companies are developing products that are not only affordable but also highly functional. This approach is gaining traction as it aligns with the growing demand for sustainable and accessible solutions in a rapidly evolving market. These start-ups are employing creative strategies to maximize the utility of their products without compromising on quality. For instance, some are repurposing agricultural waste into biodegradable packaging, while others are developing low-cost medical devices that can be deployed in remote areas. This ingenuity is not only making essential goods more accessible but also fostering a culture of resourcefulness and sustainability. The impact of these innovations extends beyond affordability; they are also spurring economic growth and job creation within local communities. By tapping into the potential of frugal tech, Indian start-ups are setting a precedent for how technology can be both inclusive and transformative. As these companies continue to expand their reach, they are poised to play a crucial role in shaping the future of global innovation.

— Authored by Next24 Live