Thanks to my friend Janelle K. for this article!
Forget for a moment about carbon emissions. The world is facing a more immediate crisis -- it is running out of clean water. The prospect of widespread shortages is creating a new kind of new economy. Meet 11 entrepreneurs who are ahead of the curve, finding opportunity in the largest emerging market the world has seen in some time.
From: Inc. Magazine, November 2008 | By: Adam Bluestein
Link to Article
First, some numbers. The United Nations estimates that by 2025, two-thirds of the world's population will face periodic and often severe water shortages. And the problem is not limited to the developing world. Here in the U.S., water managers in 36 states are predicting significant shortfalls within the next decade. Even in regions that do have sufficient supplies, aging infrastructure, inadequate treatment facilities, and contamination pose more problems. No surprise, then, that battles over water rights are becoming commonplace, pitting states and sometimes nations against one another in increasingly bitter conflict.
Analysts estimate that the world will need to invest as much as $1 trillion a year on conservation technologies, infrastructure, and sanitation to meet demand through 2030. As in the past, most of the large capital-intensive projects will be done by the usual multinational corporations and engineering firms. But the extent of the problem and the demand for new technology to address it present -- pardon the metaphor -- a kind of perfect storm for entrepreneurs. "Small companies with intellectual property, significant know-how, and a product that's scalable can stake out a niche below the radar of the large companies," says Laura Shenkar, a water expert and consultant in San Francisco. "This is an opportunity that will generate Googles."