The definition of Frugal innovation or Frugal engineering is given, according to Wikipedia, and, it is "is the process of reducing the complexity and cost of a good and its production". Some examples are given bellow! Santa Clara University develops such concepts. Within School of engineering "The Frugal Innovation Lab develops accessible, affordable, adaptable, and appropriate technologies, products and solutions to address human needs in emerging markets." What are your opinions?

http://www.scu.edu/engineering/frugal/

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