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
6.
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.
8.
9.
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
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”
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%