Fathom, Accelerate H2O and ATI to develop Water Technology Demonstration Hub
Arizona-based Fathom Water Management, the software-as-a-service provider for water utilities, has collaborated with Accelerate H2O and Austin Technology Incubator (ATI) to establish the Innovative Water Technology Demonstration Hub for Data and Instrument Integration.
The new demonstration hub will be developed in Austin, Texas, the US.
Accelerate H2O executive director and senior advisor Richard Seline said: "This demonstration hub enables water technology innovators to validate their value propositions with experienced utility stakeholders.
"With ATI's proven ability to help growing companies build management teams and raise capital, and Fathom's built-in channel to market, we expect to attract water technology companies and significant investment capital to the Texas economy."
The demonstration hub will assist in the development of new business model innovations in the water industry as well as help introduce them in the market.
It will also support the commitment of Texas to solve water-related concerns and emerge as a national leader in water resource management.
Fathom CEO Trevor Hill said: "Our mission is to unite our industry by enabling water utilities of all sizes to unlock the power of the data they already have through new technology.
"In support of this mission and to promote innovation, we are launching the Fathom Store. The Fathom Store provides a marketplace for utilities to find the technology they require and offers technology vendors a new channel to the water utility sector.
"Fathom is excited to help emerging water technology innovators succeed, while enabling water utilities to increase revenue, decrease costs and delight their customers."
AccelerateH2O was developed in a bid to identify the efficient and effective pathway for technology development as well as deployment across Texas' industrial, agricultural, residential and utility end-users.
Founded in 1989, the Austin Technology Incubator (ATI) is the startup incubator of The University of Texas at Austin.