Microsoft, Impact X Capital Partners, and Spring Innovation have launched the Impact X Venture Studio initiative to support water tech projects from Black and female founders. Selected startups will receive seed funding of £250,000, cloud credits worth up to £120,000, and access to offices. The programme seeks solutions to improve water quality, speed up expensive solutions, and decrease emissions. Applications are open to anyone with an idea to solve these challenges. The initiative was created to drive innovation in the UK and Ireland water sectors and reduce the time frame for achieving high growth. Microsoft has recently invested in enterprise tech startup Deployed and coding platform Builder.ai.
Microsoft has teamed up with Impact X Capital Partners and Spring Innovation to launch a new programme aimed at water tech projects from Black and female founders. The Impact X Venture Studio initiative will provide seed funding of £250,000, cloud credits worth up to £120,000 and access to offices for selected startups. Eric Collins, CEO of Impact X Capital Partners, said the initiative targets underrepresented startups with the potential to drive efficiency, optimisation and innovation in the water industry and beyond.
The Microsoft water tech partnership is seeking companies developing solutions to improve water quality, speed up expensive solutions and decrease emissions. Impact X Capital Partners has said that applications are open to anyone with an idea to solve these challenges. Spring Innovation, a private not-for-profit organisation, was created to drive innovation in the UK and Ireland water sectors and was formed as a result of the Water Innovation 2050 Strategy, supported by every water and wastewater company in the UK and Ireland.
“This programme not only increases the likelihood of achieving a double bottom-line return but also dramatically reduces the time frame for achieving high growth,” added Collins. Recent UK tech investments by Microsoft include enterprise tech startup Deployed, through its venture capital division M12, and coding platform Builder.ai.
Microsoft Launches Water Tech Programme for Black and Female Founders
Microsoft has partnered with venture capital firm Impact X Capital Partners and private not-for-profit Spring Innovation to launch a programme aimed at water tech projects from Black and female founders. The Impact X Venture Studio initiative will provide seed funding of £250,000, cloud credits worth up to £120,000 and access to offices for selected startups. The programme seeks to find companies with solutions to improve water quality, speed up expensive solutions and decrease emissions. Applications are open to anyone with an idea to solve these challenges. The initiative is supported by every water and wastewater company in the UK and Ireland.
“The Impact X Venture Studio targets a select cohort of underrepresented startups that have the potential to drive efficiency, optimisation, and innovation not only in the water industry but beyond,” said Eric Collins, CEO of Impact X Capital Partners. Spring Innovation was created to drive innovation in the UK and Ireland water sectors as a result of the Water Innovation 2050 Strategy.
“This programme not only increases the likelihood of achieving a double bottom-line return but also dramatically reduces the time frame for achieving high growth,” added Collins. Recent UK tech investments by Microsoft include enterprise tech startup Deployed, through its venture capital division M12, and coding platform Builder.ai.
