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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.
Corporate philanthropy can play a powerful role in addressing pervasive public health problems—a look at three effective practices from the Merck Childhood Asthma Network.