This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs