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- W2045708689 abstract "approach to international development jointly emphasizing entrepreneurship and technology. Instead of awarding large grants and loans to national governments, these institutions are emphasizing smaller awards and contracts made to entrepreneurs who invent new technologies or adapt existing technologies to meet the needs of people in the world’s poorest places. Some of these technologies allow people previously making less than $2/day to undertake new income-generating activities; others help people meet basic needs. Many do both. The Lemelson Foundation, created by Jerome Lemelson, one of the U.S.’ most prolific inventors, is among the philanthropic organizations taking this approach. Lemelson programs are built on the premise that invention drives prosperity. In this article I describe the Foundation’s international funding strategy, the lessons it has learned through non profit and for-profit partners, and its efforts to join others in advancing an entrepreneurial approach to international development. One of the Foundation’s earliest international partners was Kenya-based KickStart (see article by Martin Fisher in this issue). The Foundation funded two KickStart projects. In 2003, KickStart used a $90,000 Lemelson grant to design and test-market two new low-cost welldrilling technologies for farmers in Africa. These new technologies would enable farmers living in regions without surface water to manually drill small diameter tube-wells up to 70 feet deep . No such technologies were available in East Africa. The first technology was designed to drill through soft soils, while the second was designed for drilling through hard soils and even rocks. Both were intended to be used in conjunction with KickStart’s low-cost shallow-well pump and deep-well irrigation pump. The soft-soil drill performed well in feasibility tests and has since been purchased by local Julia Novy-Hildesley" @default.
- W2045708689 created "2016-06-24" @default.
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- W2045708689 date "2006-01-01" @default.
- W2045708689 modified "2023-09-25" @default.
- W2045708689 title "From Idea to Impact: Funding Invention for Sustainability" @default.
- W2045708689 cites W1608202214 @default.
- W2045708689 doi "https://doi.org/10.1162/itgg.2006.1.1.31" @default.
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