The Artemis Project is proud to list the winners of its second annual Top 50 Water Companies Competition, announced at the BlueTech Forum on June 8 2010. This award distinguishes advanced water and water-related technology companies as leaders in their trade for helping to build water into one of the great high-growth industries of the 21st Century.
The Water Tech Top 50 is the world’s leading business competition for advanced water technology companies. It is the only competition specifically designed to evaluate the investment potential of emerging providers of Water Tech solutions.
Leading multi-national corporations are increasingly looking for ways to reduce their exposure to water scarcity risk and achieve sustainable competitive advantage through operational excellence in water management. Governments and other water providers around the world are concerned with meeting demand in an era of dwindling supply. These and other factors are generating unparalleled opportunities for savvy entrepreneurs and investors.
Each year, The Artemis Project assembles an all-star panel of judges drawn from industry, technology, finance and other key areas. Together, these judges evaluate entrants on the basis of market potential, technology, intellectual property, team membership and other factors critical to success. Companies making the cut often attract the attention of interested investors.
Competition Structure
The Water Tech Top 50 competition is open to all companies providing or seeking to provide advanced water technology solutions. Entrants are evaluated based on the information they submit in the competition application by a panel of expert judges assembled by The Artemis Project.
The official deadline for submissions has passed, but please contact the Program Manager if you would like your company to be eligible for next year's review.
The winners were announced on June 8 at the BlueTech Innovation Forum at the Stanford Court Hotel in San Francisco. View the 2009 competition winners here.
- Victor D'Amato: is a professional engineer with over 16 years of water quality engineering experience who leads a practice in sustainable resource management and design out of Tetra Tech's Research Triangle Park, NC office...
- Paul Gagliardo: is well known throughout the United States, in Europe and Asia for his defining work on indirect potable reuse as a scheme to supplement the potable water supply in San Diego, California...
- Paul O'Callaghan: is CEO of O2 Environmental Inc., a Director with Ionic Water Technologies, and an industry expert reviewer for both Sustainable Development Canada and the Innovative Clean Energy Fund...
- Gayle Pergamit: is cofounder of Agua Via. LLC, which is developing purification and desalination products designed to operate at the lowest energy and highest specificity possible...
- Rengarajan Ramesh:started a Strategy and Innovation consulting firm named “Angstroms” in July 2009. As its Chief Architect he is currently advising startups and Private Equity firms on investment strategies. Ramesh specializes in performing technical and business due diligence and targets companies in the clean energy, water, and waste management fields...
- Andrew Salveson: is currently working with Carollo Engineers and has 15 years of environmental consulting experience serving public and private-sector clients in the research and design of water and wastewater treatment systems...
- Laura Shenkar: as Founder and Principal of The Artemis Project, is one of the foremost global experts on corporate water strategy and the application of advanced water technologies in commercial and industrial markets...
- Jerry Yudelson: as one of the country’s leading experts on green buildings and green building marketing, Jerry Yudelson leads the consulting team at Yudelson Associates. He has served on the national board of the U.S. Green Building Council (USGBC) and co-founded the USGBC’s first regional chapter, Cascadia, in the Pacific Northwest...
JUDGING CRITERIA
Overview
The Artemis Project Top 50 Water Companies Competition has inaugurated the first company competition to identify the leading advanced water technologies that provide venture grade investment opportunities in water sector.
We base our opinion on the material rendered in the company application. We assume that the companies have submitted this information in good faith and that the information is accurate.
In addition, we assume an optimistic perspective that the teams behind each of these companies can fulfill the promise of their early-stage ventures.
A venture-grade investment opportunity is defined as a company that spends a significant up-front investment to develop intellectual property and know-how that enables it to:
- Create a fully developed solution to an urgent, strategic problem
- Address a large, mass market which provides for sustainable, rapid growth
- A market of customers with similar needs that can use an off-the-shelf product and make decisions within in a 3 months to one-year time frame and then purchase significant units of the product
- Increase sales rapidly
- Establish a sustainable leadership position with a high profit margin
Judgment Matrix
Competing companies will be evaluated with the following four criteria:
- Intellectual Property (IP)
- IP Strategy
- Value of IP
In the category of intellectual property, companies will be rated based on both their established IP position, and the strength of process around IP strategy, idea extraction, and invention documentation.
- Technology
- Value Proposition
- Ease of Integration with Existing Solutions
- Product Design Fit for Key Applications
- Value of Solution
In the category of technology, companies will be rated based on the bottom-line value of their technologies to operations. This category evaluates both incremental improvements over existing technology as well as breakthroughs that transform processes to provide dramatic improvements in costs and other operations imperatives. Impact of solutions upon the environment, both to business, human health and water ecosystem, will also be taken into account.
- Market Potential
- Total Addressable Market
- Potential for Rapid Market Penetration
- Length of Sales Cycle
In the category of market potential, companies’ technology and products will be evaluated based on their perceived value within the market. The size of the total addressable market over the full life of the products, as well as the immediate value upon initial product introduction, will be taken into account when assessing market value. Judges also estimate the length of the sales cycle for the company’s product offering, with extended sales cycles inhibiting the ability of the company to grow rapidly and establish a sustainable leadership position in the market.
- Team
- Number of Highly Experienced Team Members
- Combined Technical, Market and Industry Background
- Participation of Angel Investors with Relevant Background and Network
- Venture Capital Funding
In the team category, companies will be evaluated based on the diversity and combined experience of their management teams. The strongest candidates will have management teams with extensive business, scientific, product development and operations experience.

©2009 The Artemis Project