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Most Innovative Companies

Algramo

In the impoverished outskirts of Santiago, Chile, affordable food is hard to come by. There are few supermarkets, and the food at small, local stores is often up to 40% more expensive. Algramo is a solution to that. It means "by the gram," and is a company that distributes vending machines full of bulk staples such as rice, beans, lentils, and sugar. Algramo fills the machines, installs them for free in small neighborhood stores, and splits the profit evenly with shopkeepers. Since last March, it has installed more than 300 machines around Santiago, reaching an estimated 15,000 people, and will soon expand to Colombia.
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