Clean, consumable water is one of the most precious resources on earth. However, according to reports, almost 11% of the world population (more than 800 million people) does not have access to it. Moreover, there is a dire need of innovative solutions that would help in utilising it more effectively. The FAMAE Foundation, an independent family foundation that supports innovation in the field of environment, has launched the PRECIOUS WATER challenge with €2,000,000 as the prize amount.
Participants are required to design a “simple and innovative product or service to preserve water, and make it cleaner and accessible to everyone all over the world.” The competition is aimed at entrepreneurs, startups and small businesses, students, researchers, NGOs, and community groups. If you’re working on an initiative which would have a major impact on access to drinking water, water treatment, water preservation, improving water quality, and reducing the waste of water, this is a great opportunity for you to obtain the funds and support you need.
The projects can be presented in French or English. The deadline to submit the application is February 15. The projects will be evaluated by a jury of 9 members, which includes Diane d’Arras, President of the International Water Association (IWA), Aymeric Marmorat, Executive director of Enactus France, and Bertrand Piccard, President of Solar Impulse Foundation, among others.
For more information about the challenge, visit https://famae.earth/en/water.
SKEMA Ventures is a business unit created by SKEMA Business School dedicated to entrepreneurship and innovation. Through a unique value chain, that encompasses teaching, coaching, incubation, and acceleration, SKEMA Ventures allows each SKEMA student and alumni to think, design, test and launch an entrepreneurial project in a global context, on six innovative territories on four continents, benefiting from the best of each local ecosystem. With SKEMA Ventures, GloCal entrepreneurship is born!
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