New Incubator For Water Startups
Imagine H2O was founded 18 months ago by Tamin Pechet of Catamount Ventures, after he tried to invest in water startups himself and realized how hard it was. Less than one percent of venture capital goes to water, he says. "It was incredibly difficult to find opportunities and understand the market and make connections," Pechet adds. "When I asked a team to help me, we could not come up with good resources for entrepreneurs or early stage investors." Hence Imagine H2O, a non-profit that's holding a business plan competition for water startups beginning September 1. Also part of the package is an incubator program and $70,000 in prizes and services for the winners, including $20,000 in accounting from PricewaterhouseCoopers and $20,000 in legal services from Cooley Godward.
