Imagine H2O Partners With Grundfos To Support Food And Agriculture Program
Imagine H2O, a nonprofit supporting entrepreneurship and innovation in the water sector, and Grundfos, the global leader in advanced pump solutions, recently announced Grundfos’ sponsorship of Imagine H2O’s Food and Agriculture Program. The partnership was announced at WEFTEC, the world’s largest annual water quality exhibition.
The program, Imagine H2O’s fifth to date, is a competition that seeks to identify and support emerging water businesses whose primary value proposition improves water use, treatment, supply, or discharge in the Food and Agriculture sector.
"Imagine H2O is honored to partner with a company that is globally recognized as a water innovation leader," said Scott Bryan, the organization’s COO. "Grundfos’ contribution to our program will enhance our value proposition to water entrepreneurs and startups."
"We believe business competitions like these will fuel the innovation engine and accelerate water technologies solutions for tomorrow," said Henrik Skov Laursen, director for Grundfos Silicon Valley. "Food, water and energy is high on our agenda, and with this year’s theme we believe the opportunity is now to bring startups to the table."
"Grundfos is keenly focused on fostering innovative water technologies that facilitate solutions to water scarcity, as well as associated energy and food production issues. We believe that team efforts and great networks will help solve issues – this is also why Grundfos is part of the BlueTechValley initiative together with other leading companies in California," Laursen added.
Imagine H2O’s annual business plan competition attracts a global field of entrepreneurs and features a judging panel of leading water experts. The winning companies enter Imagine H2O’s Accelerator Program where they receive professional resources and market insight.
Since its inception in 2008, Imagine H2O has:
- Attracted over 300 water startups from more than 15 countries to its competition program
- Provided over $1M of inkind services and cash awards to more than 35 new businesses
- Helped its portfolio companies attract over $30 million in investment from angel investors, venture capital funds and project finance funds
- Offered campus water entrepreneurship and leadership workshops to over 1,000 students
Through this partnership, Grundfos is engaged in the competition programming and will support the acceleration and implementation phases.
About Imagine H2O
Imagine H2O inspires and empowers people to solve water challenges and turn them into opportunities. We offer annual competitions for water innovation with focused, specific challenges including Water Efficiency (2009), WaterEnergy Nexus (2010),Wastewater (2011) and Consumer Innovations (2012). In addition to awarding cash prizes for the best ideas, the Imagine H2O Accelerator helps participating entrepreneurs turn their plans into gamechanging, realworld solutions. For more information, visit http://www.imagineh2o.org.
With an annual production of more than 16 million pumps, Grundfos is the global leader in advanced pump solutions and a trendsetter in water technology, specializing in circulator pumps for heating and air conditioning as well as centrifugal pumps for industrial applications, fire protection, water supply, wastewater and water treatment. In addition to pumps, Grundfos produces standard and submersible motors as well as state-of-the-art electronics for monitoring and controlling pumps. Since its inception in 1945, the company has flourished from one small factory in Bjerringbro, Denmark to a global corporation comprising more than 80 companies and over 18,000 employees. In 2012, Grundfos reported net revenues totaling $4B.
This year, the company celebrates its 40th anniversary in the United States. In North America, Grundfos employs more than 1,600 people – 1,300 in the U.S. alone – and is continually expanding its regional expertise. Grundfos North America maintains operations, sales and service facilities in Olathe, Kan.; Allentown, Pa.; Fresno, Calif.; Brookshire, Texas; Aurora, Ill.; and Indianapolis. In Canada, Grundfos has a sales facility in Oakville, Ontario, and in Mexico, the company operates a manufacturing facility in San Luis Potosí and sales offices in Monterrey and Mexico City.
High on the company’s corporate agenda is an active commitment to improving the environment. Grundfos contributes to global sustainability by pioneering technologies that improve quality of life for people and care for the planet. For more information, visit http://www.grundfos.us.