This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Colleges Nurture World-Changing Inventions

"These are students wanting to make a better world," Fasihuddin says. "They are identifying problems and coming up with very creative solutions to do good and make money at the same time."

One such example from Open Minds, on its way to market, is a device that uses freeze-dried medicine to improve shelf life and provide a "just in time vaccine" that can be a lifesaver in remote areas. Another is a $2 "birth kit" that can greatly reduce the risk of infection in Third World countries by providing a sterile instrument to cut the umbilicle cord and giving mothers a sterile floor covering to lay upon.

"This generation is much more socially aware, the world is flatter," Fasihuddin says. "There is much more access available about problems halfway around the world and how you can overcome that strife by solving some of these basic health and human needs."

Helping others can, in fact, be a good business plan, Fasihuddin says.

"There is money to be made, and with microfinance [at work] in the developing world in a way that wasn't 10 or 15 years ago, students are figuring out the business models," she says.

Even private investors can sometimes be sold on such plans.

"Patient angel investors and venture capitalists are understanding that they can do good with their money and realizing their returns will come over time," she says. "This is an entirely new class of investors that go to conferences like the Social Capital Conference in the Bay area."

Both they, and the inventors they fund, are learning more and more about what it takes to be a success in these once ignored marketplaces.

"You are definitely seeing greater access to markets and a lot more written on how to penetrate those markets, different business models that work and price points you have to hit," Fasihuddin says, adding that you cannot just necessarily "take the same old U.S. products and cram them down another market's throat."

"You have to employ different techniques and materials, customized as to how they are delivered to the customers," she says.

-- Written by Joe Mont in Boston.

>To contact the writer of this article, click here: Joe Mont.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:


Get more stock ideas and investing advice on our sister site,
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $117.82 -0.18%
FB $105.47 0.06%
GOOG $750.27 0.28%
TSLA $231.11 0.64%
YHOO $32.95 -0.63%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs