OxyMem amongst 12 companies selected as challenge finalists from a field of 100+ startups in 20 countries.
Imagine H2O, the leading accelerator for water technology, has announced OxyMem as one of 12 finalists selected to advance to its water tech Accelerator Program. OxyMem competed in Imagine H2O’s 6th annual Business Innovations Competition to receive mentorship from industry leaders, introduction to investors and a global network of beta customers and utilities. OxyMem now joins Imagine H2O’s portfolio of water startups, which represents over $1 in every $10 of earlystage water financing.
Imagine H2O’s proven path-to-market opportunity advances emerging businesses with scalable solutions to growing water and wastewater infrastructure challenges. OxyMem was chosen for its breakthrough technology for the wastewater aeration market tackling the industry’s biggest challenge – energy costs. For more than 100 years wastewater treatment has relied upon energy intensive processes which compress large volumes of air to provide oxygen to the bacteria breaking down pollutants. The OxyMem solution does not rely on these highly inefficient methods. Instead it uses gas permeable membranes capable of providing Oxygen directly to bacteria for aerobic biological processes, resulting in up to a fourfold energy saving with more compact, and lower cost infrastructure.
“We are very excited to have been selected as a finalist for this exciting programme and look forward to engaging with industry experts and venture capitalists to gain as much opportunity as is available to us,” said OxyMem Managing Director Wayne Byrne. “We have had a very successful start for OxyMem in our initial 18 months and are confident that the Imagine H2O Infrastructure Challenge will help us to continue to thrive in 2015.”
The global competition attracted entrants from 20 countries across North America, Europe and beyond. Smart infrastructure solutions represented over a third of the entrants. The competition also received a significant number of entrants presenting green and capital efficient solutions to improving water and wastewater infrastructure. Competition winners and finalists will be honored at Water Gala’15 on March 18, sponsored by Levi Strauss & Co. in San Francisco.
Imagine H2O’s judging panel, which includes leading industry experts from venture capital firms, water utilities, and engineering businesses, based its selection of the finalists on their market viability, value proposition, and goto market strategy. The program’s major financial supporters include Wells Fargo (Headline Sponsor), Grundfos, Tetra Tech, and the California Water Foundation. Please visit www.imagineh2o.org for a complete list of the 12 finalists.
About Imagine H2O
Imagine H2O inspires and empowers people to solve water challenges and turn them into opportunities. In addition to financial support for the best ideas, the Imagine H2O Accelerator helps participating entrepreneurs turn their plans into transformational, realworld solutions. To learn more about Imagine H2O’s global ecosystem for water innovation and connect with water entrepreneurs from around the world, please visit www.imagineh2o.org.
OxyMem is a breakthrough technology for the wastewater aeration market tackling the industry’s biggest challenge – energy costs. For 100 years the cornerstone of global wastewater treatment has been ‘Forced’ or ‘Bubble’ aeration. Our solution does not rely on this highly inefficient method, instead we use gas permeable membranes capable of delivering Oxygen directly to the bacteria, resulting in a fourfold energy saving with more compact, lower cost infrastructure. Visit www.oxymem.com for more information