Frugal tech: The start-ups working on cheap innovation

Indian startups are focusing on "frugal innovation" to create affordable and practical products. These companies are using locally available materials and innovative approaches to develop cost-effective solutions for various sectors, including healthcare, agriculture, and renewable energy. One example is a startup that has created a low-cost ventilator using easily accessible components, addressing the shortage of medical equipment during the COVID-19 pandemic. Another startup has developed a solar-powered cold storage unit for farmers, helping them reduce food waste and increase their profits. These frugal innovations aim to make essential products and services more accessible to the masses, particularly in rural and underserved areas. By leveraging local resources and embracing a problem-solving mindset, these startups are driving inclusive growth and making a tangible impact on people's lives. The article highlights how Indian entrepreneurs are harnessing the power of innovation to tackle societal challenges and create affordable solutions that cater to the unique needs of the local market.