Water, the New Oil
By JETRO Los Angeles, Stefan Vos
Climate change and demographic shifts are beginning to strain the world's supplies of fresh water in many regions, according to the U.N.'s second World Water Development Report, and if the issue is not addressed it will be a driver of humanitarian crisis in the 21st century. Recognizing this problem, there has been an groundswell in water technology innovation across the globe. Southern California, no stranger to water shortages due to many years of an extended drought, is a major center for this innovation. The March 8th Caltech/MIT Enterprise Forum focused on water innovation by bringing together representatives from water companies, VC and one of the L.A. area's biggest water technology customers, the Metropolitan Water District, to discuss the future of this industry and new opportunities. Over 80 entrepreneurs, VCs, academics and other people concerned with water issues attended the seminar.
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