Global conglomerate HCL and UpLink, the open innovation platform of the World Economic Forum, announced opening the applications for the Zero Water Waste Challenge – part of the Aquapreneur Innovation Initiative. The challenge calls for innovative water usage approaches to improve freshwater conservation from supply to demand, moving towards zero water waste. At the end of the challenge, 10 winners will receive a total financial award of 1.75M CHF.
This is the second challenge out of five of the HCL and UpLink’s Aquapreneur Innovation Initiative. Launched last year at Davos in May 2022, to create a first-of-its-kind innovation ecosystem for the global freshwater sector. The last date to apply for the second-year challenge is October 2, 2023. Under this initiative HCL committed $15 million until 2027 to support the water focused entrepreneurs.
Roshni Nadar Malhotra, Chairperson, HCLTech said, “In partnership with Uplink, we are all set to announce the second edition of our Aquapreneur Innovation Initiative moving towards zero water waste. While our commitment to this vital cause is unwavering, we invite fellow organizations to join us in this shared mission, contributing essential funding and catalyzing widespread exposure.”
Gim Huay Neo, Managing Director of the Centre for Nature and Climate at the World Economic Forum said, “The Aquapreneur Innovation Initiative is building a vibrant innovation ecosystem for water which is crucial for the conservation and restoration of all-natural ecosystems. By connecting innovators, experts, investors and partners, this initiative is fast-tracking high-impact solutions to enhance water security. Already, we’re seeing significant impact with the ten winners of the first Innovation Challenge and we’re excited to surface and support a new cohort of aquapreneurs.”
The focus of this year’s challenge will be on: Capturing and protecting freshwater supply; Water re-use and recycling of materials and Saving water in agriculture.
Top 10 water- focused entrepreneurs will be selected as top innovators to join the UpLink Innovation Network, an exclusive program tailored for Founders, CEOs, Executive Directors, and more. They will get various benefits, including access to selected events, projects, and communities led by the World Economic Forum and its partners. Participants will gain strategic connections with organizations within the Forum’s and UpLink’s networks, fostering valuable collaborations. The program extends targeted support encompassing technical, business, and operational guidance. Notably, a financial incentive is provided – among the selected top innovators, up to 10 can each receive 175,000 CHF from a total fund of 1.75 million CHF.
Find details and eligibility criteria at this link
Source and image courtesy: HCL
