CHICAGO, Sept. 28, 2015 Imagine H2O, the leading accelerator for water innovation, has secured a three-year funding commitment from the SUEZ North America Foundation to support its programming. In keeping with SUEZ's strategic commitment to advance the market for water innovation, the foundation has agreed to direct grant funding and employee volunteer resources to support growth and development of Imagine H2O's accelerator. SUEZ will also join Imagine H2O's Beta Partners Program, a global network of end-users in the private and municipal sectors committed to implementing new technologies.
"Imagine H2O is a proven path to market opportunity for entrepreneurs in the water sector," explains Bob Iacullo, President of the SUEZ North America Foundation. "We're proud to be part of this solution and believe that larger companies can play an active role in sourcing and adopting innovation in the water sector."
The two organizations announced the partnership during an event showcasing Imagine H2O's portfolio companies at the annual WEFTEC, the Water Environment Federation's Annual Technical Exhibition and Conference. The announcement comes shortly after Imagine H2O launched its Water Data Challenge, the organization's 7th annual water innovation business competition and accelerator.
"Partnering with the SUEZ North America Foundation expands our ability to connect entrepreneurs with customer opportunities in the water industry," explains Scott Bryan, President of Imagine H2O, "SUEZ's global footprint will allow our international portfolio of innovators to develop and prove the value of their solutions".
Imagine H2O's business accelerator enables participating startups to successfully introduce innovative solutions into the marketplace. Since 2008, over sixty companies have benefited from the program's introductions to industry mentors and global network of customers and investors. The program's alumni represent $1 in every $10 of early stage investment in the water sector.
The SUEZ North America Foundation joins Imagine H2O's industry sponsors and partners, which include Wells Fargo, Tetra Tech, the American Water Works Association, and the Water Environment Federation.
About Imagine H2O
Imagine H2O provides water entrepreneurs with the resources, insight and visibility to launch and scale successful businesses. The Imagine H2O Accelerator has helped over 60 innovative water companies win customers and receive more than $1 in every $10 of early stage investment in the water sector. Imagine H2O partners with leading utilities, corporations, investors, academic institutions and associations committed to advancing water innovation. Imagine H2O recently launched the California Water Policy Challenge to source policy ideas that accelerate the deployment of technologies to improve water resource management. To learn more about Imagine H2O and connect with water entrepreneurs from around the world, please visit www.imagineh2o.org.
About SUEZ North America Foundation
The SUEZ North America Foundation is fully funded by SUEZ North America, which operates across all 50 states and Canada with 3,430 employees dedicated to environmental sustainability and leading the resource revolution. The company owns 16 water utilities, provides contracted public-private partnership services to 84 municipalities, offers water treatment and advanced network solutions to 16,000 industrial and municipal sites, provides drinking water and wastewater services to nearly 7.5 million people on a daily basis, processes 55,000 tons of waste for recycling and manages $3.3 billion in total assets. The company had revenues of $1.1 billion in 2014 and is a subsidiary of Paris-based SUEZ.