AccelerateH2O Host Inaugural Texas Water Tech Investor Forum
135 Top Global, National and Regional Investment, Technology, and Policy Decision-Makers Convene in Austin to Jump-Start $9 billion Market
SAN ANTONIO, TX (July 2, 2015) – Accelerate H20, a Texas statewide entity created to discover, promote and invest in new and existing technologies that have potential to fill demands and needs in Texas' $9 billion water technology market hosted the first-ever Texas Water Technology Investor Forum on Tuesday June 23rd in Austin, Texas, attended by 135 global, national and regional water, technology, and investment experts.
“Investment in new technology is desperately needed if the water industry is to tackle grand challenges ahead. We brought together global experts with Texas investors to identify opportunities and address limitations to bringing world-class innovative water technologies to key stakeholders in Texas. In turn, the Forum recognized that we have new technologies and the brainpower within the state that we can introduce to the rest of the world,” said Ed Archuleta, Chairman of AccelerateH2O and the former President of the El Paso Water System.
The Forum gathered 100 Texas investors from among family offices, venture funds, corporate venture directors, private equity, public finance with 35 leading experts from Asia, Canada, Europe, Israel, and throughout the United States. Keynote speaker Tamin Pechet, Chairman of ImagineH2O and founder of Banyan Water (a Texas-based firm) provided remarks on comparative returns on investment across several technology areas, sectors, and ventures. “Based on the data we have collected through Lux Research, ImagineH2O and other sources, the reality is that water technology IS a great investment scenario for Texans and that the myth about long lead times for seeing a return on your money is not accurate.”
Panels on Market Intelligence, Global and National Investment Perspectives, Sector and Industry Perspectives, and Texas’ Immediate Investment Scenarios suggested that Texas is “a prime location for global investment in local challenges, while also connecting technologies and resources to the Fortune 500 companies based in our State scouting for new solutions, partners, and export relationships,”
Mr. Daniel was joined by Texas Commissioner for Environmental Quality (TCEQ) Toby Baker and Texas Agriculture Commissioner Sid Miller in encouraging Forum participants that the State of Texas is “looking to you and your colleagues in the investment arena to work with state agencies and AccelerateH2O for encouraging and driving the most innovative ideas and strategies for meeting our current demands and long-term economic competitiveness,”
Commissioner Miller noted: “the drought may be over for now, but we know it will return. And in some Texas communities, we are still at pre-2011 levels. Agriculture is an example of where innovation in water reuse and conservation is wide open for investment partners. We produce a majority of the Nation’s commodities and unless we encourage farmers, ranchers, food production, and all our sectors to think differently about water, then we will have abandoned our responsibility to future generations!”
Announcements made during the Texas Water Technology Investor Forum included:
· Expansion of Fathom Water to Texas and the formation of Fathom Labs in collaboration with AccelerateH2O to spark a statewide “smart water” initiative;
· Partnership agreement with Hutchison Kinrot – the Singapore-Israeli investment venture firm – with AccelerateH2O to bridge global firms, investors, innovators, and opportunities for product demonstrations and expedited market entry;
· Partnership agreement with WatrHUB of Toronto Canada to develop a data base and market intelligence tool on Texas’ 4600 water agencies and utilities technology procurement strategies, needs, and future plans;
· State of Texas $600,000 grant from the Texas Workforce Commission to ensure that a new generation of skills and talent will be trained and certified to meet the demands from deployment of emerging technologies, engineered solutions, and products;
· Frost Bank commitment of $250,000 towards AccelerateH2O’
· Launch of the Texas Water Technology Innovation Clearinghouse and Collaboratory - a one-stop digital tool for connecting experts, communities of interest and practice, academic-government-
· A statewide Water Technology Innovation Showcase planned for October 2015.
The agenda, speaker bios, presentations, and a report on the Forum can be found at http://www.InvestH2O.com.
About Accelerate H2O
There will always be water challenges in Texas as well as barriers and limitations to innovating water. AccelerateH2O was formed to identify the most efficient and effective pathway for technology development and deployment across Texas’ residential, industrial, agricultural, and utility end-users. With over eighteen university research centers, 4600 water agencies, 5000+ medium and large corporate campuses, and thousands of farms and ranches, Texas represents an undiscovered $9 billion water technology marketplace. We connect the market of ideas, resources, and products.