Founded by computer scientist and Stanford professor Sebastian Thrun, tech startup Udacity has built an entire businessmodel around the concept of free education in math, science and technology.
The significant attraction to companies producing glucose monitoring devices is that the businessmodel is a classic razor-and-blade concept as an overwhelming portion of sales by these companies consists of the recurring test strips.
As the collaboration developed, the team constructed a new businessmodel to overcome the lack of sanitation infrastructure and solve the issue of waste removal: the concept of a service-based system.