Village Capital, in partnership with the Kauffman Foundation, the Community of Albuquerque, BSP Fund, the Tecovas Foundation, and New Belgium Family Foundation, announced its three-month program to support early-stage entrepreneurs solving major water and energy problems.
Water insecurity is a major problem around the world, including the United States. According to the World Health Organization and UNICEF, 750 million people lack access to clean water (about 2.5 times the US population). In the United States, the 2014 drought affected areas that produce one-third of US cattle and half our fruit, vegetables, and winter wheat. In addition, water used for irrigation and food production constitutes one of the greatest pressures on freshwater resources, and 2.5 billion gallons of water are contaminated each day because of oil and gas production in the US. This is the same amount of water that people consume worldwide.
The Village Capital: Water US 2015 program will support entrepreneurs addressing these water insecurity issues through technology for the benefit of all individuals in the US and around the world.