4FRONT is involved in the study for mapping and scoping of frugal and reverse #innovation together with Visionary Analytics and experts Jaideep Prabhu and Max von Zedtwitz. The study focuses on frugal and reverse innovation, ie., cost-constrained innovations developed for resource scarce markets, and in case of reverse innovation, later adapted to back to developed markets as low cost, highly scalable products or services. The objective is to provide an overview of frugal and reverse innovation activities within Europe, their current status and support within the EU and Horizon Europe Associated Countries (HEAC), to develop a common terminology and to offer recommendations for policy development. Read more on our website: https://lnkd.in/d8qsNNmF #innovation #policydevelopment European Innovation Council and SMEs Executive Agency (EISMEA)
🚀 Frugal and reverse #innovation is a quite new phenomenon capable of opening new avenues for the European innovation system. Originating as ‘non-standard’ innovation crafted for or in less developed countries, frugal and reverse innovation has recently grown in scope and policy significance with more and more businesses and NGOs engaging in it. 🤝 In collaboration with 4FRONT and experts Jaideep Prabhu and Max von Zedtwitz, our Visionary team is leading a project for the European Innovation Council and SMEs Executive Agency (EISMEA) titled “Study for Mapping and Scoping of Frugal and Reverse Innovation” that is aimed at providing practical recommendations on future #policy developments. 🔎 Read more about the study in our latest #Spotlight at https://lnkd.in/dvQnJeY8 #KnowledgeforImpact #VisionaryAnalytics
Really delighted to be part of this amazing project with all these wonderful people!