The Water Council’s new tech initiative seeks to connect water solutions with business developer
The Water Council announced the launch of its new Tech Challenge program, a series of global competitions to identify freshwater technologies and ideas with high potential for commercialization or implementation. Each Tech Challenge is designed around a single, specific topic identified by corporate sponsors and is open to any person or any company around the world with a cutting-edge technology or good idea.
Companies developing water technology and those who use a large amount of water in their manufacturing and operations invest significant time, personnel and money into new product development. The Tech Challenge will assist these companies by leveraging The Water Council’s network to find solutions in an expedited amount of time.
“Tech Challenge is similar to a matchmaking program. We bring innovators together with companies seeking breakthrough solutions for challenging water technology issues,” said Dean Amhaus, president and CEO of The Water Council. “While we will be awarding cash prizes to the Tech Challenge winners, the big winners are any applicants and any corporate sponsors that, through the process, get connected and reach a business deal where a solution is sold and a product is delivered to consumers.”
In the first year, The Water Council will run multiple tech challenges focused on current industry needs, including sensors, filtration and disinfection, and in ensuing years will add more topics to match the needs of corporate sponsors. Applicants could include: entrepreneurs, university students or researchers, water tech professionals, private or government lab researchers, or inventive individuals.
Selected finalists will present in-person to the sponsoring organization to compete for prize money, access to corporate resources and the opportunity to partner on the development, marketing, licensing or sale of the winning technology or idea.
The Founding Sponsors of The Water Council’s Tech Challenge include A. O. Smith Corp., Badger Meter, Evoqua Water Technologies and Rexnord/Zurn. Companies and utilities looking for new ideas, talent or investment opportunities are encouraged to sponsor a challenge.
Applications will be accepted on watertechhub.com from November 1, 2018 – January 13, 2019. Finalists will be announced in February 2019.