Xylem Expands Partnership with Imagine H2O to Support Water Innovation Entrepreneurs

Rhea-AI Summary

Xylem Inc. (NYSE: XYL) has announced an expanded partnership with Imagine H2O, a leading water innovation accelerator. This collaboration focuses on supporting startups in Southeast Asia dedicated to addressing water challenges. Xylem will leverage its Innovation Labs to mentor and evaluate entrepreneurial solutions for water access and infrastructure resilience. The initiative aims to mobilize innovation swiftly in response to ongoing droughts and weather events. Applications for the Urban Water Challenge are currently open, encouraging startups to promote water sustainability in coastal cities.

Positive

• Expanded partnership with Imagine H2O enhances support for water innovation startups.
• Xylem Innovation Labs will provide mentorship and resources to entrepreneurs tackling water issues.
• Commitment to fostering sustainable water solutions aligns with growing global demand for innovation in this sector.

Negative

• None.

Global Partnership Scales Imagine H2O’s Work with Entrepreneurial Water Solutions

RYE BROOK, N.Y.--(BUSINESS WIRE)-- Xylem Inc. (NYSE: XYL), a leading global water technology company dedicated to solving the world’s greatest water challenges has announced an expanded commitment to Imagine H2O, the leading water innovation accelerator and ecosystem for water entrepreneurs. As a global partner, Xylem brings expanded support to Imagine H2O’s startup Accelerator and joins as the newest partner to Imagine H2O Asia, the organization’s Singapore-based initiative supporting water solutions across Southeast Asia.

Xylem’s recently launched Xylem Innovation Labs will work across Imagine H2O’s programs to support entrepreneurs pioneering sustainable solutions to the water challenges facing communities and businesses, such as water access and infrastructure resilience and affordability. Xylem Innovation Labs creates partnerships with technology companies and startups to drive growth through innovation. Executives and business leaders from Xylem will play an active role in the accelerator’s evaluation process and mentorship activities. Imagine H2O’s track record of supporting digital water solutions, combined with Xylem’s technology leadership, will be central to this new partnership. Additionally, Xylem’s support will help expand Imagine H2O’s efforts to validate, scale, and finance water solutions in high-impact markets.

“Ongoing droughts and intensified weather events underscore the need to mobilize innovation on a broader scale, faster, in the race to solve the world’s water challenges,” said Sivan Zamir, senior director of Xylem Innovation Labs. “Xylem is proud to support Imagine H2O in its role as the leading water innovation accelerator encouraging the most promising entrepreneurs and changemakers in water.”

“Xylem’s leadership on issues including digital transformation and green finance, represents an important partner to our work,” explains Imagine H2O’s President Scott Bryan. “Together, we can make meaningful progress toward unleashing new technologies and ensuring that communities can access the solutions required to provide safe, affordable, and reliable water to people.”

Applications for Imagine H2O’s Urban Water Challenge are now open, focused on startups accelerating water sustainability in coastal cities. Xylem is also supporting Imagine H2O’s upcoming Water Innovation Week, an annual conference celebrating entrepreneurship and innovation, on November 3-4.

About Xylem

Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Our more than 16,000 diverse employees delivered revenue of $4.88 billion in 2020. We are creating a more sustainable world by enabling our customers to optimize water and resource management, and helping communities in more than 150 countries become water-secure. Join us at www.xylem.com.

About IH2O

Imagine H2O is a 501(c)(3) nonprofit organization dedicated to empowering people to deploy and develop innovation to solve water challenges globally. The organization’s water innovation accelerator provides entrepreneurs with the resources, insight and visibility to launch and scale water solutions. By partnering with industry and policy experts and a global network of customers and investors, Imagine H2O has become a proven path to market for emerging water technology businesses. Since 2009, we have supported 150+ startups who have deployed their solutions in 50+ countries and have raised more than $600M in investment.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005481/en/

Media

Houston Spencer

+1 (914) 240-3046

Houston.Spencer@xyleminc.com

Source: Xylem Inc.

FAQ

What is the new partnership between Xylem and Imagine H2O about?

Xylem has expanded its partnership with Imagine H2O to support water innovation startups, particularly in Southeast Asia.

How will Xylem support water entrepreneurs through Imagine H2O?

Xylem will leverage its Innovation Labs to mentor and evaluate startups aiming to solve water challenges.

What is the Urban Water Challenge launched by Imagine H2O?

The Urban Water Challenge invites applications from startups focusing on sustainability in coastal cities, with support from Xylem.

When is Water Innovation Week taking place?

Water Innovation Week, an event celebrating water entrepreneurship and innovation, is scheduled for November 3-4.