WatrHub Named Finalist in ImagineH2O’s Global Water Competition
Imagine H2O, a nonprofit organization that supports market-based solutions to water challenges, announced the finalists of its fifth annual business innovations competition today. The twelve companies selected to advance to the second round will compete for over $200,000 in cash and in-kind service and admittance to Imagine H2O Accelerator’s program. Imagine H2O’s previous winners and finalists collectively represent 1 in every 10 dollars of early-stage financing in the water sector. This year’s winners and runners-up will be honored at Imagine H2O’s Entrepreneurship Showcase and World Water Day celebration on March 18th.
A 2012 U.N. World Water Assessment Program survey indicates that agriculture currently accounts for more than 70% of global potable water usage. As many of the leading agricultural regions in the U.S. continue to be gripped by drought, the need for innovative water resource management in food production becomes increasingly dire. Imagine H2O’s proven path-to-market opportunity advances emerging businesses that offer promising solutions to this and other looming water challenges.
“Entrepreneurs are responding to a growing demand for water innovations that contribute to global food security,” said Imagine H2O Chief Operating Officer Scott Bryan. “This field is rapidly evolving and Imagine H2O is excited to be working with some of the most promising technology startups addressing the food and agriculture sector’s water needs.”
Over 70 start-up companies from 11 countries submitted entries related to Imagine H2O’s current Food and Agriculture theme. Competitors presented a diverse range of methods to improve water management within the food processing and agriculture industries. The program’s major financial supporters include Wells Fargo (Headline Sponsor), Grundfos, Cooley LLP, the California Water Foundation, and the Stiefel Family Foundation.
Each finalist will also receive admittance to the Imagine H2O Accelerator, which includes access to beta customers and pilot partners. The inaugural Beta Partnership Program, developed in partnership with the BlueTechValley, features leading commercial growers and food processors that together represent over $30 billion in annual revenue.
Imagine H2O’s judging panel, which includes leading industry experts from companies such as Google Ventures, Ecolab, and True North Venture Partners, based its selection of the finalists on their commercial viability, customer value proposition, go-to market strategy, and financial plan. The finalists, listed alphabetically, are:
OptiEnz Sensors (Fort Collins, CO) www.optienzsensors.com sells an in-place monitoring system that continuously measures the concentration of organic chemicals in water, milk, juice, and other liquids using a patented replaceable enzymatic sensor tip. A wide range of organic chemicals can be measured, enabling applications in a broad range of markets including food and beverage, industrial biotechnology, and the environment.
Precision Hawk (Indianapolis, IN) www.precisionhawk.com is an end-to-end solution for solving the Big Data problem in the agriculture space. Precision Hawk manages the challenges of flying a UAV, conducting complex aerial data collection along with the management, storage and processing of that data for the user.
TerrAvion (Livermore, CA) www.terravion.com provides a service that delivers aerial maps and imagery for agriculture overnight at low cost. This system allows growers to monitor the canopy of every tree, vine, or plant in the field every week and adjust their inputs, particularly irrigation, to increase yield.
WatrHub Inc. (Toronto, ON) www.watrhub.com is a data and analytics company that delivers actionable intelligence for the Municipal, Industrial, and Agriculture Water sectors to enable faster and more confident decision making. The WatrHub Online Intelligence Center helps water and wastewater technology companies find timely and actionable sales leads, and connects water and wastewater operators with their peers to share best practices.
Wellintel (Shorewood, WI) www.wellintel.com develops groundwater technology and information systems to help homeowners and farmers learn about and sustainably manage their groundwater resources. With these insights customers secure property value, improve service, lower costs, and make groundwater sustainability possible.
ZYMtronix Catalytic Systems, Inc. (Ithica, NY) www.zymtronixcs.com eradicates antibiotic-resistant bacteria in contaminated agricultural waters and captures the pharmaceuticals used to target them. ZYMtronix decreases the costs of ensuring healthy livestock, helps deliver the public’s need for a pharmaceutical-free environment, and provides a solution for meeting government-mandated environmental quality standards.