Innovation in Emerging MarketsSocial Enterprise and Innovation in Emerging Markets
Innovation in Emerging Markets: Social Enterprise and Innovation in Emerging Markets
Crutchfield, Leslie R.; Peterson, Kyle
2016-06-25 00:00:00
[Across the poorest villages of rural India, people can count on the abundance of two things: rice and darkness. In the state of Bihar, India’s poorest, around 80 percent of the households are not electrified. Villagers instead rely on kerosene lanterns and diesel generators for light and power, both of which are expensive and destructive to health and the environment. And as the world’s second largest rice producer, India is estimated to have harvested more than 100 million tons in the 2012–2013 crop year. Along with the rice comes a significant amount of discarded husk, some of which can be used for fodder but most of which is burnt in fields. Three Indian entrepreneurs from Bihar and an American colleague added together these two factors to create Husk Power Systems (HPS), an off-grid electricity company that converts rice husks into power that is reliable, eco-friendly, and affordable for families that can spend only $2 a month on power (Bornstein, 2011).]
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Innovation in Emerging MarketsSocial Enterprise and Innovation in Emerging Markets
[Across the poorest villages of rural India, people can count on the abundance of two things: rice and darkness. In the state of Bihar, India’s poorest, around 80 percent of the households are not electrified. Villagers instead rely on kerosene lanterns and diesel generators for light and power, both of which are expensive and destructive to health and the environment. And as the world’s second largest rice producer, India is estimated to have harvested more than 100 million tons in the 2012–2013 crop year. Along with the rice comes a significant amount of discarded husk, some of which can be used for fodder but most of which is burnt in fields. Three Indian entrepreneurs from Bihar and an American colleague added together these two factors to create Husk Power Systems (HPS), an off-grid electricity company that converts rice husks into power that is reliable, eco-friendly, and affordable for families that can spend only $2 a month on power (Bornstein, 2011).]
Published: Jun 25, 2016
Keywords: Corporate Social Responsibility; Business Model; Social Enterprise; Social Entrepreneurship; Social Entrepreneur
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