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Four million babies die every year simply due to an inability to maintain their own body temperature. Incubators can save lives, but traditionally cost up to $20,000 and require a constant supply of electricity—prohibitive demands in many parts of the developing world. Leveraging the power of social entrepreneurship, Jane Chen and a team of her Stanford Graduate School of Business classmates developed Embrace, a portable and electricity-free alternative sold at about 0.1% of the cost of current incubators. In this audio lecture Chen discusses the challenges and rewards of the development process, and shares her insights on the attitudes that allow entrepreneurs to find success. Jane Chen was speaking as part of the annual Women in Management banquet organized by the Stanford Business School Alumni Association.
Efforts to bring promising health care interventions to resource-constrained regions of the world often falter because entrepreneurs underestimate the array of obstacles that loom in their path.
By predicting vulnerability, biological science can help families, communities, clinicians, and policymakers develop more effective responses to a troubling health challenge.