Wen overview tech belt 112114 (1)
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The document discusses the launch of the Water Economy Network in 2012. The Network aims to help regional water sector stakeholders access new business opportunities through innovative technology development. It provides funding for pre-commercialization and commercialization of new water technologies. The goal is to expand the regional water economy and create jobs. Key regional market drivers are identified as the energy-water nexus, storm water management, and waterways/navigation projects. The Network seeks to expand deal flow of new technologies and encourage industry, research and university partnerships to support the regional water sector.
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Wen overview tech belt 112114 (1)
- 1. The Water Economy Network: Global Challenges – Regional Opportunities
- 2. SIGNIFICANT NATIONAL AND GLOBAL CHALLENGES 2
- 3. 3 Foundational Analysis (2010) “World Environment Day” Sector (FEC) and Projects (CMU) September 2012
- 4. Direct Impact 3,000 + Firms 34,000 Jobs (+11% / 04 – 09) $5 Billion + Direct Economic Activity $ $
- 5. 5 Launch of the Water Economy Network (2012) Form a Network Industry Led A vision based on “Doing” Emphasis on Technology Development, Innovation and Expanding Market Opportunities
- 7. Mission: The Water Economy Network will help regional water sector stakeholders access new water-sector business opportunities, encourage new company formation through innovative technology development and deployment, and attract both national and international water related industry.
- 10. Concept Pre-commercialization Commercialization WENMarket Innovate H2O Up to $10K Commercialization Potential Acceleration Financial Support Early Adopter Pipeline IP Strategy Pilot Facilities Identify Strategic Partners Scouting for Technologies • Push & Pull • Vetting • Evaluation Idea Foundry WEN Board Option 1 Option 2 Option 3 Idea Foundry Fellowship 25K-50K WEN Industry Partners Diagnosis Work Plan Business Development Acquisition & Commercialization
- 11. Board Involvement • Idea Foundry will present the most qualified applicants to MOU partners for input • Request help from specific partners during accelerator phase • Test beds, technical support, etc. • Provide opportunities to work directly with accelerator companies if technology is an appropriate fit • Idea Foundry will always focus on maintaining confidentiality to protect accelerator companies and MOU partners
- 12. Regional Market Drivers 1. Water Energy/Nexus 2. Storm Water Management 3. Waterways
- 13. Energy-Water Nexus (Industrial and Municipal) Regional Market Drivers Monitoring Treatment Testing Efficiencies
- 14. Storm Water Management Regional Market Drivers Retrofitting New Technologies Adaptation
- 15. Waterways Regional Market Drivers Navigation Monitoring Test Beds Hydro
- 16. Role for “TechBelt” 1. Expand Deal Flow – New Technologies 2. Industry Participation/Engagement 3. Research Partnerships (Lab/Industry/Universities)
- 17. Thank you! Stephen McKnight Vice President Fourth Economy Consulting steve.mcknight@fourtheconomy.com
- 18. Energy User Energy Provider Product Manufacturer Engineering Consulting Non-Profit Intermediaries Higher Ed - Researchers Join Today! www.watereconomynetwork.org
- 19. 1.5 Billion Gallons / Per Day - The Allegheny River PWSA Capacity / 100 MGD 60 to 70 MGD “A Water Rich Region”
- 20. Waterways Projects Free Flow Power, Inc. Wireless Waterway Network Regional Market Drivers
Editor's Notes
- First, I think everything I learned about water can be linked to or defined as “Energy Water Nexus” – without, we simply do not function – I think that is why water becomes simple, and yet very complex at the same time when trying to define it’s as a market opportunity. Economic development perspective – What I hope to do today is talk about the formation of the Water Economy Network here in Pittsburgh and some of the general market trends that helped push us in the direction of creating WEN -
- By 2030 we will have enough water for 60% of global demand McKinsey estimates $50-$60B/yr to close the gap in supply & demand
- 11% increase in jobs while the region as a whole declined by 1.3%
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