Frugal Innovation as an Enabler for Circular Economy

“Frugal innovation", a necessary paradigm shift in the design innovation process supplements circular economy and helps driving sustainable development.

"Frugality" is not necessarily about saving money but rather as a forcing function that can help drive creativity and innovation.

The new models of systemic design thinking that combines circularity and frugality can help to identify sustainable business and social opportunities capable of tackling different forms of resource scarcity in novel ways.

This is highly essential especially in the crisis times like pandemic where the regular supply chains are affected and business as usual becomes disrupted.

This talk will focus on case studies related to frugality supplementing circularity in the present socio-economic crisis scenario.