NanoFex’s product purifies ground water using an innovative solution utilizing Louisiana grown sugar cain and crab shells. The prize money will go toward hiring engineers to help scale the product and field pilot projects. It is expected that the company will be in full production within a year.
The Water Challenge™ was hosted by The Idea Village™ in partnership with the Greater New Orleans Foundation (GNOF) to encourage entrepreneurs to develop and expand high-growth, for-profit ventures in the water industry that can scale to a global level.
“The Water Challenge™ was created to ignite support for entrepreneurs developing innovative solutions to water challenges,” said Tim Williamson, Co-Founder and CEO of The Idea Village. “I would like to congratulate NanoFex, their venture presented a creative solution to one of our greatest problems. This isn’t about one business, though, it is about the beginning of an entrepreneurial community around water - we’re here to support this growing entrepreneurial ecosystem.”
Starting from a pool of 23 candidates, NanoFex sealed the win during their pitch to a panel of industry experts during The Idea Village’s annual New Orleans Entrepreneur Week (NOEW). The judges included:
- Gordon Austin-Director, Environmental Affairs Division, Sewage & Water Board of New Orleans
- Bob Brown-Director, Business Council of New Orleans & the River Region
- Gary Solomon-President/CEO, Crescent Bank & Trust
- Marnie Winters-Director, Jefferson Parish Environmental Affairs
In addition, the Water Challenge™ included a panel discussion on entrepreneurship and opportunities in Integrated Water Management, featuring the Water Challenge Advisory Committee, including: