Island Water Technologies (IWT) has raised undisclosed amount from Natural Products Canada (NPC) and Island Capital Partners
Montague, PEI based Island Water Technologies has developed, and is now commercializing next generation solutions in wastewater treatment sensing and control.
Island Water Technologies raised $250,000 from Innovacorp in May 2016.
Established in 2016, Natural Products Canada (NPC) is a not-for-profit organization with a vision to make Canada flourish as the Silicon Valley of natural products. NPC is funded by a range of public and private investors, including the Government of Canada’s Centre of Excellence in Commercialization and Research (CECR) program, administered by the Networks of Centres of Excellence.
Island Capital Partners (ICP) is a venture capital investment fund, established in 2017 and aimed at investing in high growth potential, early stage PEI companies.
photo credit: Island Water Technologies
NPC INVESTS IN ISLAND WATER TECHNOLOGIES
Natural Products Canada invests in innovative microbe-leveraging water purification technology
Charlottetown, PE – February 15, 2018
Natural Products Canada (NPC) has announced an investment in Island Water Technologies (IWT), a company that elegantly integrates engineering and nature to provide effective, money-saving wastewater solutions in municipal, industrial and remote settings. Terms of the investment were not disclosed.
“Island Water Technologies is an excellent example of the high calibre investment opportunities in naturally-derived solutions right across the country,” says Shelley King, CEO, Natural Products Canada, which is focused on enhancing commercialization of natural products. “IWT has unique technologies backed by rigorous science that serve a large unmet market. We are very pleased to invest in their success.”
The deal comes on the heels of a string of wins for IWT, including its recent acceptance into esteemed water accelerator, Imagine H20, as well as pilot projects in China, the US, and Kenya, to name a few.
“It’s clear that our products are hitting the market at a time when wastewater issues are critical,” says Dr. Patrick Kiely, founder and president of IWT. “This investment enables us to take full advantage of the strategic opportunities that lie before us and get these disruptive solutions deployed around the world.”
IWT’s success can in part be linked to the highly effective support system in the region, including the PEI BioAlliance, Emergence, Innovation PEI, the Atlantic Canada Opportunities Agency, Dalhousie University, and Innovacorp. In addition, NPC is pleased to co-invest with regional investor, Island Capital Partners, working together to assess the opportunity, share due diligence, and provide counsel and advice to the growing company.
“There is increasing need and demand for sustainable, reliable and cost-effective solutions for waste water treatment and water purification. Island Water Technologies Inc. has developed innovative products with significant global market potential. We are pleased to be investing in IWT as it begins to commercialize next generation solutions,” says Alex MacBeath, CEO Island Capital Partners.
Natural Products Canada (NPC) is a not-for-profit organization with a vision to make Canada flourish as the Silicon Valley of natural products. It aims to align, expand and optimize the Canadian natural products ecosystem to accelerate the development of products and technologies that bring real value to real customers in areas of life sciences, natural resources and environmental sustainability. NPC was established in 2016 and is funded by a range of public and private investors, including the Government of Canada’s Centre of Excellence in Commercialization and Research (CECR) program, administered by the Networks of Centres of Excellence. Visit www.naturalproductscanada.com.
Island Water Technologies (IWT) has developed, and is now commercializing next generation solutions in wastewater treatment sensing and control. It is focused on two proprietary technologies:
REGEN is a containerized enhanced fixed film wastewater solution. Its treatment capacity is comparable to existing solutions, while using less than 75% of the electricity and no chemical additives. The result is low-energy or self-powered system operation with significantly better financial returns and system reliability. In addition, remote technical support and product warranty remove the headaches associated with conventional packaged solutions.
SENTRY is a bio-electrode sensor platform that allows for real-time monitoring of microbial activity and key wastewater contaminants in wastewater treatment facilities. The low-cost, easy-to-install sensor provides unique insight into system performance, which can reduce risk of system imbalance, optimize biogas production and save money on routine testing.
Island Capital Partners (ICP) is a Venture Capital investment fund, established in 2017 and aimed at investing in high growth potential, early stage Prince Edward Island Start-Up companies. The strong entrepreneurial ecosystem within the Start-Up industry presents PEI with a tremendous economic growth opportunity and a means for attracting and retaining talent, particularly with immigrant and recent graduates. Availability of risk capital is a critical factor in an entrepreneurial ecosystem and in developing a culture which creates and supports startups with long term growth potential. Island Capital Partners leverages both private and public funds and, most importantly, is also actively involved in mentoring and advising companies in which it invests.
For more information:
Sue Coueslan, VP Communications and Stakeholder Relations
Natural Products Canada