PRECIOUS WATER: One Month Left to Apply to the World’s Largest Challenge Dedicated to Water

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PRECIOUS WATER: One Month Left to Apply to the World’s Largest Challenge Dedicated to Water

Design a simple and innovative product or service to preserve water, make it cleaner and accessible to everyone, all over the world.

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Image via FAMAE Foundation Facebook page

This winter, The FAMAE Foundation launched PRECIOUS WATER!, an international innovation challenge with €2,000,000 as prize amount aimed at entrepreneurs, startups and small businesses, students, researchers, NGOs, and community groups. Unique in its size and global scope, the goal of the competition is to support brilliant initiatives with a major impact on access to drinking water, water treatment, water reservation, improving water quality and reducing the waste of water.

A second competition, even more ambitious

A year ago, FAMAE launched its first international competition dedicated to waste recycling and waste reduction “Don’t Trash your cash!”. With prize amount of €1,000,000, it had a tremendous international response with 1,500 candidates from 70 different countries and 60 colleges and universities. Last spring, three projects were chosen and these participants shared the global prize amount.

Considering the scale of the environmental issues we have to address, FAMAE this year doubles the prize amount to two million euros for another crucial environmental concern: water! The stakes are high and the expectations for concrete, effective solutions, are immense, both in the developed and in the developing world.

A challenge open to the whole planet

The PRECIOUS WATER competition is the world’s largest innovation competition dedicated to water and open to the business world, academic teams, and the non-profit sector.

From November 15 candidates can submit their projects in French or in English, finding all the necessary information via the Foundation’s secure web platform. The application process will end on February 15, 2019. The selection of successful candidates and the evaluation of detailed projects will then take place until May 2019 with the prize award ceremony scheduled on May 18, 2019, at the Vivatech trade show.

The number of laureates will depend on the selection of the jury. Apart from the funding, the candidates will also benefit from the guidance of the FAMAE Foundation members and its network (entrepreneurs, investment funds, partners etc) to assist them in the development of the financial, commercial, legal and marketing aspects of the project. 

Find more information and apply on the FAMAE Foundation website: https://famae.earth/en/water

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