"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
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