
The CEO of the San Francisco-based social enterprise, Martin Fisher, won the Lemelson-MIT Award for Sustainability this week for his innovative and affordable including the MoneyMaker Pumps, portable and easy-to-use devices that allow farmers to draw water when they need it without having to travel long distances.
Fisher joins a prestigious group of Lemelson-MIT award winners, including Dean Kamen, creator of the Segway and Amy Smith, a creative BoP technology innovator. It's good to see inventors working in the BoP space recognized for their accomplishments - this is an acknowledgement of the priority we should be placing on technologies that benefit the underserved majority. Congratulations to Fisher on this major accomplishment!
Who else would readers flag as a potentially award-winning innovator of BoP technology? I'm leaning toward the folks behind the People's Phone...


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My question is: Is this model actually growing the local economy, or is it simply redistributing money to the few entrepreneurs from an already small pool? Do there need to be exports to bring in foreign capital to grow the local economy? I realize that a local economy can work based on circulation of capital, but will its people remain poor relative to the rest of the world? Overall I want to know if exports are necessary to grow an economy, and if so, should KickStart or another organization try to link producers (who are now producing a surplus with their foot pumps) to consumers overseas?