VA Tech Wabag Limited, a global leader in pure play water treatment technologies, announced on May 6, 2024 the launch of “BLUE SEED” a pioneering initiative designed to foster innovation and support emerging start-ups in the water sector. The initiative was launched by Mr. Gopal Srinivasan of TVS Group, Chairman and Managing Director of TVS Capital Funds Limited in the presence of Mr. Rajiv Mittal, Chairman and Managing Director, VA Tech Wabag.
Through this programme, VA Tech WABAG will invest in, nurture, and empower promising start-ups with innovative water technology solutions that will shape a secure and sustainable water future. The initiative will identify and invest in early-stage water technology start-ups with high growth potential and will provide comprehensive support and resources to accelerate the success of these Waterpreneurs. It aims to cultivate a thriving ecosystem of Waterpreneurs who will collaboratively contribute to global water security and resilience. WABAG welcomes Waterpreneurs to ‘BLUE SEED,’ where innovation meets opportunity in the pursuit of a sustainable and dynamic water future. BLUE SEED envisions to stand as a beacon of innovation in the water sector.
The programme breaks the mould of traditional funding by offering a multifaceted approach that fuels the success of early-stage ventures:
Capital Support: Pre-seed and seed funding to jumpstart growth
Advisory Support: Invaluable expertise and support backed by decades of Industry experience, technical know-how, vast data bank and thought leaders
Direct Access: Opportunities to work or pilot on live projects and access to global markets.
Commenting on the launch Rajiv Mittal, Chairman and Managing Director of VA Tech WABAG Limited, says “As we enter into our centenary year, with a deep commitment to giving back to the industry, we are excited to launch BLUE SEED to support and promote emerging Waterpreneurs. Through this initiative, we aim to cultivate a vibrant ecosystem of innovative solutions, that can contribute to making the industry more sustainable and in building a resilient future.
Wabag is the third largest private water operator globally, serving over 88.8 million people worldwide with safe and clean drinking water and sanitation. This initiative will further bolster WABAG’s commitment to creating a cleaner and greener world.