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ARM Thinks Technology For Poor Countries Can Be Big Business. Here’s Why

ARM has had a few very good years. The British company furnishes the processor technology which powers nearly every smartphone in the world — including the one in your pocket right now.

Now ARM is looking for more applications for its chip technology beyond smartphones, which is why it’s sponsoring a competition with the United Nation’s Children’s Fund which offers $15000 in funding for the best ideas for wearable device applications for the developing world. The winners will get “mentorship” from ARM to make their design into reality. But ARM’s partnership with UNICEF isn’t charity — ARM thinks there’s potential to make a ton of money selling technology to poorer countries and the NGOs that help them out.

What do you think?