Segway creator unveils his next act: Inventor Dean Kamen wants to put entrepreneurs to work bringing water and electricity to the world’s poor.
Compared to building big power and water plants, Kamen’s approach has the virtue of simplicity. He even created an instruction sheet to go with each Slingshot. It contains one step: Just add water, any water. Step two might be: add an entrepreneur.
Quadir is going to try and see if the machines can be produced economically by a factory in Bangladesh. If the numbers work out, not only does he think that distributing them in a decentralized fashion will be good business — he also thinks it will be good public policy. Instead of putting up a 500-megawatt power plant in a developing country, he argues, it would be much better to place 500,000 one-kilowatt power plants in villages all over the place, because then you would create 500,000 entrepreneurs.