Outlines a new theory of frugal innovation and provides a set of practical tools to support implementation.

Yasser Bhatti is a Research Fellow at the Institute of Global Health Innovation, Imperial College London. His social innovation research focuses on the role of emerging market economies and situated actors, such as social entrepreneurs, in emerging trends in innovation that include frugal and reverse innovation. Most recently, he served as an expert on the scientific advisory board of the European Commission project on Frugal Innovation.

Part I. Models of Frugal Innovation: 1. Outline of the context, literature and methodology; 2. Conceptualising innovation - Model 1; 3. Conceptualising innovation under constraints - Model 2; Part II. Towards a Theory of Frugal Innovation: 4. Integrative results and theory development; 5. Test of models using secondary cases; 6. Emerging concepts in innovation; 7.  Implications for research, practice and policy; Part III. Tools for Practice and Research: Appendix A. Toolkit to identify frugal innovations; Appendix B. Core competencies from the frugal innovation lab; Appendix C. Detailed research methodology and design; References; Select Bibliography.