Category: Investment, Water
Stockholm, Sweden - August 28, 2018 (www.waternewswire.com) The winners of the 2018 Urban Drinking Water Challenge, a global innovation competition to deploy and scale decentralized drinking water solutions for fast-growing, water-scarce cities, were showcased at an award ceremony Monday evening hosted by Founding Partners Bluewater and 11th Hour Racing as well as Imagine H2O.
Over 160 startups from 37 countries registered for the Challenge. The three winning companies, Drinkwell (Dhaka, Bangladesh), Microlyze (Denver, USA) and SmartTerra (Bengaluru, India), represent a diverse range of technologies and entrepreneurial approaches to solve urban water scarcity and advance U.N. Sustainable Development Goal 6.
The event, held at the world's biggest water innovations event, World Water Week, convened over 100 water leaders, investors and entrepreneurs as well as record-breaking yachtswoman and Bluewater Brand Ambassador, Dee Caffari. The winning startups will also be interviewed in a World Water Week Sofa Session to be live broadcast via Vimeo from the Stockholm City Conference Centre on August 29.
The Challenge’s Founding Partners have committed up to $1,000,000 in cash prizes, pilot funding awards and investment.
"Over the next three decades, projected demand for water in cities will increase by 70% resulting in more scenarios similar to Cape Town, which is suffering acute drinking water scarcity," says Anders Jacobson, Bluewater President and Chief Strategy Officer. "This competition unlocks the resources to validate and scale three promising solutions that prove the benefits of smarter water management in the face of rapid urbanization and looming drinking water shortages."
"11th Hour Racing’s strategic partnerships drive innovation that tackles the challenges impacting our oceans and planet," says Todd McGuire, Program Director of 11th Hour Racing. "At the Volvo Ocean Race stopover in Cape Town last December, we saw first-hand how drinking water scarcity is impacting quality of life and the environment in large cities around the world. This innovation challenge ties together issues of water scarcity as a result of climate change, equity issues surrounding drinking water, and plastic waste caused by limited access to clean water. We look forward to following the progress of these three winning start-ups as they tackle these issues, with the ultimate goal of supporting communities and cities build water resiliency."
Evaluated on the basis of commercial viability, impact and market readiness, the winning startups merge technology with innovative business models to improve the reach and sustainability of drinking water services. The Challenge’s award funding will enable each winner to launch a new deployment in a water-scarce city.
Imagine H2O’s evaluation committee included a diverse group of experts from institutions including the World Bank, Grundfos, The Schmidt Family Foundation, Anaergia, Rotoplas, Xylem, Aquaya Institute and Water & Sanitation for the Urban Poor.
Additionally, the Urban Drinking Water Challenge’s Evaluation Committee awarded an Honorable Mention to Majik Water, a Nairobi-based team developing an atmospheric water generation device in partnership with local communities.
David Noble, PR & Communications Director, Bluewater, email@example.com / +44-7785-302-694
Disclaimer: Waternewswire.com is a news and press release publisher. The following news is published as information only for our readers. Please contact the company directly for any questions regarding the content or claims.