High-Impact Small Innovations

Given the degree of development of our region, we don't need great ideas nor millionaire investments to change our reality.

Thursday, August 13, 2009

In his blog in Elfinancierocr.com, Emilio Zevallos gives an example of this: a group of African university students had the idea of installing mobile phone chargers in bicycles, the main transportation system for many people in rural areas, where electricity is scarce or does not exist.

Writing about the importance of access to communications, Zeballos points out that thanks to mobile telephony and banking through cards, "many businessmen receive information about their banking accounts, offers, etc. Rephrasing Neil Amstrong, 'a small step for a man but a great leap for small entrepreneurs'".

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More on this topic

How Bureaucracy Kills Entrepreneurship

October 2013

Officials do not understand or want to understand innovation, because their privileges are always anchored in the past and never in the future.

In Costa Rica it is impossible to register a vehicle manufactured in the country, because there is no Customs Declaration, which is required by law.

Is It Not Good Business to Finance Innovation?

November 2012

The Costa Rican financial system makes no effort to provide resources to support innovation processes in companies.

A report entitled ‘Indicators for Science, Technology and Innovation 2010-2011’ published by the Ministry of Science and Technology of Costa Rica, notes that "what continues to stand out in the country's financial system is the fact that it does not seem to be very mature in terms of providing resources for company’s innovation processes.

The Six Enemies of Greatness

May 2012

These factors may obscure the brightest of ideas and divert the noblest of intentions, transforming visionaries to bureaucrats and making dreamers weak.

We often settle for what’s available, and what’s available does not always conform to what our company needs.

Nokia Launches Innovation Contest

January 2010

It will award the best mobile applications in the following categories: ecology, productivity, improving the quality of life and entertainment.

Good ideas are a dime a dozen, or so the saying goes. But now a single good idea could be worth a million dollars (USD). Nokia has announced a million dollar venture challenge to encourage innovators to create a mobile product or service that raises the standard of living or enhances the lives of those in growth economies. The Growth Economy Venture Challenge is part of Nokia's global Calling All Innovators competition announced on January 7 at the Consumer Electronics Show (CES).

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