• Frugal Innovation & Local Adaptation: Creating value-driven, low-cost solutions, such as adapting emerging digital technologies (EDCT) to build resilience in SMEs in developing economies.

• Leveraging Existing Networks: Entrepreneurs with limited resources can use collaboration, networking, and social media to strengthen ideas and gain visibility without heavy initial investment.

• Resourcefulness in Operations: For example, historical instances show pioneers using basic, limited tools—such as a small piece of canvas, a frying pan, and a few hand tools—to clear land, while augmenting their food supply with local resources.

• Circular Economy Practices: Utilizing waste or underused, locally available materials for sustainable production, which minimizes dependence on scarce, expensive resources.

• Digital & Social Solutions: Utilizing digital platforms for training and community support, such as tools developed for dementia care or digital, community-based mental health interventions.

• Integrating Indigenous Knowledge: Combining traditional, local wisdom with scientific research to create sustainable, cost-effective, and environmentally friendly solutions, such as in natural dyeing. 

These strategies emphasize resilience, creativity, and the optimization of available, rather than abundant, resources.

 

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