Innovation Policy for Developing Countries

Dr. Ilan Bijaoui

Abstract:
Grassroots innovations are innovative products or processes produced for and by the low-income group, normally aimed toward conquering the hardships and difficulties of life. Inclusive innovations improve the supply of fundamental necessities by offering higher added benefits. Some are restricted in their point of view to small applications executed locally with not many opportunities to be updated and adapted to regional or global markets. Others open new markets in other developing nations and may likewise compete in developed nations. Some grassroots or inclusive innovations are social innovations that further develop the well-being of society using innovations to address social needs. High-tech innovations are imported from developed nations by developing nations and adapted to the necessities of the local market. A part of those adaptations could be reverse innovations applicable for the low-hand market or professional in developed markets requiring less costly good enough solutions for their necessities. Reverse innovations open new markets in developed nations, since they arrive at the cost-value level for certain applications, for example, mobile scanning or blood pressure frameworks in ambulances.