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 $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.