„sistac is an amazing approach to make this world better for the people by helping local inventors to make market success out of brilliant innovative ideas.“
Dr. Bernd Abraham, Founder erlkönig GmbH
HOW DOES SISTAC WORK?
The people who know best the specific needs of poor countries are the people living there. Among them there are creative minds having amazing solutions, we call them INVENTORS.
SISTAC MOBILIZES 3 KINDS OF RESOURCES TO SUPPORT THESE INVENTORS:
Activating inventor oriented university courses (Master & MBA): students work for months closely together with inventors on their projects. In other words: every inventor is connected with world class university courses and is supported by professors and students.
Inventors are connected to senior business coaches and accompanied up to 24 months. Inventors receive advice, tips, experiences; they benefit from their business coach’s network and know-how.
Interested investors and funding institutions are directly linked with the inventor, so financial support is available.
More poor people live in Asia than in Africa. Everybody seems to be wittering on about the Asian Century these days – and Asian development has been miraculous. But about 70% of Indians live on less than US$2 per day: 850 million people.
In poor countries there is a lack of education. What does that mean? Please imagine: You are six years old and have to walk for hours every day to get to the nearest state school. Up to 70 pupils crowd there, who hardly learn anything under these conditions.
Worldwide, more than 100 million people fall into poverty every year because they have to pay for their health care. Poverty causes poor health because it leads people to live in conditions that make them ill.