Dean Kamen, the engineer who invented the Segway, is puzzling over a new equation these days. An estimated 1.1 billion people in the world don’t have access to clean drinking water, and an estimated 1.6 billion don’t have electricity. Those figures add up to a big problem for the world and an equally big opportunity for entrepreneurs.

To solve the problem, he’s invented two devices, each about the size of a washing machine that can provide much-needed power and clean water in rural villages.

“Eighty percent of all the diseases you could name would be wiped out if you just gave people clean water,” says Kamen. “The water purifier makes 1,000 liters of clean water a day, and we don’t care what goes into it. And the power generator makes a kilowatt off of anything that burns.”
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Kamen’s goal is to produce machines that cost $1,000 to $2,000 each. That’s a far cry from the $100,000 that each hand-machined prototype cost to build.

Quadir is going to try and see if the machines can be produced economically by a factory in Bangladesh. If the numbers work out, not only does he think that distributing them in a decentralized fashion will be good business — he also thinks it will be good public policy. Instead of putting up a 500-megawatt power plant in a developing country, he argues, it would be much better to place 500,000 one-kilowatt power plants in villages all over the place, because then you would create 500,000 entrepreneurs.