Posted on May 17, 2005 Comments (0)
Technology is not only about new breakthroughs. In some cases the technology used is nothing special, the impact is made in applying the technology well. Many opportunities exist for breakthroughs using technology that has been around for a long time.
I was reminded of my father‘s work by the article: From Stanford Engineering to Social Innovation (broken link):
From the ApproTEC web site (broken link – it sure gets annoying how many people fail to follow basic web usability guidelines such as keeping links alive – organization now called KickStart):
- 35,000 new businesses started * 800 new businesses per month
- $35 million a year in new profits and wages generated by the new businesses
- New incomes account for over 0.5% of Kenya’s GDP and 0.2% of Tanzania’s GDP
On a related note, TrickleUp is my favorite charity. Their mission: to help the lowest income people worldwide take the first steps up out of poverty, by providing conditional seed capital, business training and relevant support services essential to the launch or expansion of a microenterprise.