About the initiative:

By the end of this decade, global freshwater demand is expected to outstrip supply by 40% due to a combination of population growth, climate change and weak water governance.

While the numbers vary by country, agriculture irrigation accounts for about 70% of global water withdrawal, industry and energy for 19%, and the remaining is for household use – having already depleted 21% of the planet’s largest 37 groundwater resources.

To drive the freshwater conservation and management agenda, leading global conglomerate, HCL has partnered with UpLink, the open innovation platform of the World Economic Forum that connects highly promising start-ups with the partners and funding they need to scale. Through a CHF 15 million investment over five years, HCL will help accelerate the innovation agenda for water and create a first-of-its-kind innovation ecosystem for the global freshwater sector on UpLink, called the ‘Aquapreneur Innovation Initiative’.

This initiative will draw on HCL’s own regional experience of driving innovative projects in water conservation and brings global leaders and champions together, to foster multi-stakeholder collaboration. In building this ecosystem, water entrepreneurs will be able to thrive and influence freshwater ecosystems all over the world.

Tackling Water Pollution Challenge, 2024

The five-year Aquapreneur Innovation Initiative aims to find innovative solutions to conserve and restore freshwater ecosystems. This is the third of five innovation challenges, focusing on tackling water pollution and ensuring water quality.

Challenge Overview

Water is vital for life and biodiversity, yet it is also a major victim of pollution. Industrial runoff, agriculture, and plastic waste contaminate water, posing serious health and environmental risks. Emerging pollutants like pharmaceuticals, microplastics, and PFAS—“forever chemicals”—worsen the crisis, with industries dumping 300–400 million tons of toxic waste into water bodies annually. PFAS alone affect drinking water for up to 200 million Americans. The third Aquapreneur Challenge sought innovative solutions to prevent water pollution and reduce its environmental impact. Aligned with recent global efforts like the UNEA-6 resolution on water, the initiative invited ideas such as advanced filtration, wastewater elimination, decision support systems, and household water testing tools.

Top 10 Aquapreneurs from Third CHALLENGE

Zero Water Waste Challenge, 2023

This five-year Aquapreneur Innovation Initiative aims to find innovative solutions that conserve and restore freshwater ecosystems. This is the second out of five innovation challenges, focusing on freshwater usage.

Challenge Overview

This challenge calls for innovative water usage approaches to improve freshwater conservation from supply to demand, moving towards zero water waste. 10 winners will receive a total of a 1.75M CHF financial award.

In line with the Global Commission of the Economics of Water, this challenge is seizing high potential opportunities to bolster global water conservation by sourcing innovative approaches to water usage that will strengthen freshwater ecosystem resilience from supply to demand.

It is looking for existing innovations that capture alternative water resources to protect groundwater reserves and avoid unnecessary loss of water, reuse water before discharging it back into the water cycle — ideally, recycling materials we gain from wastewater as an alternative energy resource and avoiding any type of water pollution — as well as smart irrigation solutions to benefit those who most need it. Solutions that work with big data and AI, and employ innovations in their service, pricing, partnerships, and business models are particularly encouraged to apply.

Top 10 Aquapreneurs from SECOND CHALLENGE

Global Freshwater Challenge, 2022

To drive the freshwater conservation and management agenda, leading global conglomerate HCL partnered with UpLink to accelerate the innovation agenda for water. They will create a first-of-its-kind innovation ecosystem to enable water-focused entrepreneurs (Aquapreneurs) to scale and thrive. This five-year Aquapreneur Innovation Initiative seeks solutions that conserve and restore freshwater ecosystems, making them healthier and more resilient. This was the first out of five innovation challenges.

Top 10 Aquapreneurs from FIRST CHALLENGE

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