Imagine H2O’s judging panel, which includes leading industry experts from companies such as Google Ventures, America Water, and True North Venture Partners, based its selection of the winners and runners up on their commercial viability, customer value proposition, go-to market strategy, and financial plan.
Imagine H2O’s approach to technology innovation connects startups with international market leaders. This year’s accelerator program, in collaboration with the BlueTechValley, features over a dozen leading commercial growers and food processors, including Groupe Danone’s Stonyfield Farms, Earthbound Farms, Paramount Farms and SunMaid, together representing over $30 billion in annual revenue.
Global food production accounts for 70% of total freshwater use, according to a recent U.N. report. California, which leads the U.S. in agricultural production at $47 billion in annual revenue, uses as much as 80% of available water. Amid the drought that continues to grip this region and much of the Southwestern U.S., the need for improved water resource management via innovations in the food supply chain becomes increasingly dire. Since its founding in 2007, Imagine H2O has become the platform through which those needed business innovations reach water customers.
“With uncertainty comes great potential for disruptive technologies and business models,” said Imagine H2O COO Scott Bryan. “The recent droughts in major food-producing regions like California poses an opportunity to entrepreneurs, businesses, and policymakers alike to take bold action toward securing a sustainable water future.”
Imagine H2O’s portfolio represents 1 in every 10 dollars of investment into new water companies. Over 350 startups have participated in this program. The program’s major financial supporters include Wells Fargo (Headline Sponsor), Grundfos, Cooley LLP, the California Water Foundation, and the Stiefel Family Foundation.
For a complete list of Imagine H2O’s winners and finalists please visit http://imagineh2o.org/food-and-agriculture.php