SAN FRANCISCO — Imagine H2O, a nonprofit organization dedicated to inspiring and empowering people to turn water problems into opportunities, has launched its Infrastructure Challenge, according to a press release.
The Challenge — Imagine H2O’s sixth annual Business Innovations Program — will identify and support innovative water businesses presenting scalable solutions that improve water and wastewater infrastructure in a matter resulting in quantifiable cost savings or environmental impact, the release reported.
To date, Imagine H2O’s portfolio represents one in every six dollars of investment in early stage water companies, and over 350 startups from 15 countries have participated in this international program, noted the release.
The competition supports innovations in emerging and developed markets alike, continued the release, and participating water startups will compete for cash awards and in-kind services, as well as admission to Imagine H2O’s Accelerator Program, where they will receive mentorship from sector experts and introductions to investors, strategic partners and end users.
According to the release, the program will also connect winning companies with utilities from Imagine H2O’s growing network of water utilities and agencies, which currently serves over 25 million people in major metropolitan areas throughout the country.