SAN FRANCISCO — Imagine H2O, a newly launched nonprofit, announced in a May 5 press release a competition to encourage commercial innovations that would solve “rapidly rising water problems.” It offers $50,000 in prizes and an “Incubator Program” designed to cultivate water leaders.
According to Tamin Pechet, Imagine H2O’s chairman and executive director, “What sets this prize apart is our Incubator Program and ‘ecosystem’ for water leaders. The winners will also receive thousands of dollars in business and legal support and access to a network of partners, customers and financiers to help bring their ideas to market so they can make a real difference.”
Pechet co-founded nonprofit Imagine H2O at Harvard Business School in 2007.
The competition’s inaugural prize will focus on water efficiency in agriculture, commercial, industrial or residential applications, such as water demand reduction, improved water use, water recycling and/or reuse. Entries will be accepted from anyone in the world beginning in September, and winners will be announced at a showcase event in early 2010, according to Imagine H2O.
Competitions in future years will have different prize topics addressing other critical water problems.
To read the full press release, click here.
For related information, click here.
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