Winner to be selected from six finalists at judged competition in Tel Aviv Dec. 18
A diverse group of 32 water tech companies applied to enter the first-ever Israeli water technology business competition, sponsored by a delegation of industry executives from Massachusetts, home to one of the world’s largest water industry clusters. The Water Export Technology (W.E.T.) Revolution Competition, taking place in Tel Aviv, Israel, on Dec. 18, features an expert panel of reviewers and judges, a rapid round of finalist presentations, awards, prominent industry speakers, and audience networking opportunities to highlight companies with the greatest promise for global expansion in helping to deliver clean and abundant water.
“The other judges and I were astounded at the number and the quality of companies who applied to enter this competition,” said Carmichael Roberts, a partner at North Bridge Venture Partners. “Israel is a world-class leader in water technology innovation, so we are eager to hear the best pitches, and help these companies jump-start their expansion from Israel to global markets.”
A wide range of technologies were represented among the 32 applicants, include leak detection, bio-security, nano-materials, hydro-power, SaaS, business intelligence, microbial fuel cells, acoustics, hydraulics and membranes and filters.
The six finalists chosen by a panel of expert reviewers include Atlantium Technologies, Blue I Water Technologies, Emefcy, Curapipe, Peak-Dynamics and TACount.
In addition, seven companies were named as semi-finalists. One of these companies was selected by the application reviewers as the most promising, and will be named Top Prospect at the competition event award ceremony on Dec. 18.
The semi-finalists are Advanced Mem-Tech, AMS Technologies, Filtoflex, HydroSpin, IOSight, NanoSpun Technologies and nLeak Technologies.
The winner of the W.E.T. Revolution Competition will enjoy a prize package that includes airfare and five days’ hotel accommodations for the company’s CEO to visit Massachusetts in the spring of 2013. While in Massachusetts, the CEO will be introduced to potential channel partners, customers, investors, government officials and business partners who can help the company make Massachusetts its home-away-from-home as it enters the U.S. market and leverages the state’s water industry cluster for global market access. Additional prizes for the winner and/or finalists includes free office space at MassChallenge, free legal services from Goodwin Procter LLP and GKH Law Offices and reduced rate executive search from Green Search Partner.
The competitors will gather at a special invitation-only event in Tel Aviv on Tuesday, Dec. 18, hosted by the American delegation, known as the Massachusetts Water Innovation Mission to Israel. Each company will pitch its company proposition and technology to the judges, who will decide the ultimate winner, and an audience of 150 senior water industry executives. The competition event also includes company exhibits, opportunities for networking, notable guest speakers, and the awarding of prizes.