As soon as he saw the first molds of the bulb coming out of the factory, Katsaros, 37, quit the legal firm where he worked as a patent agent and devoted himself full-time to Nokero.
His plan is to target countries such as India, Indonesia, Nigeria and Pakistan, where hundreds of millions rely on expensive, carbon-spewing gas lamps but income is high enough to afford a $15 lamp. Demand is higher in places such as Ethiopia, but the population is too poor to afford the lamp, Katsaros says.
“This is not a charity,” he says. “We are using capitalism as a method to improve people’s lives.”
The Nokero made a few waves in the tech blogosphere when it was unveiled a little over a month ago. A big part of the pitch is helping people quit burning kerosene for light, according to a post by SmartPlanet’s Andrew Nusca: Read more