Va Tech Wabag launches Blue Seed initiative to nurture water tech startups

Water remedy expertise agency, Va Tech Wabag has launched a brand new initiative – Blue Seed-to help innovation and startup motion within the water sector. Launched by Gopal Srinivasan, Chairman and MD, TVS Capital Funds and Rajiv Mittal, CMD, Va Tech Wabag, this system will put money into and help startups with progressive water expertise options.

• Additionally learn:Good Capital to speculate $25 million in AI start-ups by 2025

The corporate plans to establish early-stage startups which have water expertise as main focus and whose proposed options showcase market scalability and help to them. This consists of pre-seed and seed capital, help on technical know-how, information backing and alternatives to collaborate with Va Tech Wabag on stay initiatives in India and globally.

No certain quantity has been allotted by the corporate in the direction of Blue Seed and the Board might contemplate an allocation as soon as crucial mass of startups is reached. 

“Via this initiative, we purpose to domesticate a vibrant ecosystem of progressive options that may contribute to creating the trade extra sustainable and in constructing a resilient future”, Rajiv Mittal, Chairman & Managing Director of VA Tech Wabag, mentioned in an announcement.