The severity of the global water crisis has encouraged people and organizations from all over the globe to devise innovative, forward-thinking solutions. The world’s leading climate scientists and the average Joe alike seem to be invested in saving the planet from an all-but-certain fate, with foundations, academic institutions, private enterprise, and governments all stepping up in this race against the clock.
There are certainly many ideas and groundbreaking innovations floating around, but they can’t come to fruition without funding. Obtaining this funding tends to prove challenging — it’s never easy to acquire the millions needed to get an idea off the ground — and the extensive capital, research, and development involved in water technologies require large amounts of money. Since innovators fail to launch without this funding, it makes finding the right funding partners that much more important. Where does this funding come from, and why is it so difficult to obtain?
Funding for water technologies comes from four primary sources:
In general, governments, foundations, universities, and companies fund the following types of water-related projects:
Despite its availability, funding for water technologies can be difficult to obtain. One need look no further than the EPA’s water technologies grant website to see a striking example: The EPA lists merely 19 grants among those either awarded in the last 10 years or currently open. Given the number of entities competing in just the AWG space, it stands to reason that across all six of the project types listed above, massive numbers of groups are competing for limited amounts of money.
Even when water technology groups do successfully acquire funding, it doesn’t always fund the entire project. Consider the aforementioned public university grants in the amounts of $50,000 and $5,000. Water treatment facilities alone cost far more than these sums to properly maintain, and these plants are only one piece of the puzzle when it comes to water technologies that provide sustainable, clean drinking water for global populations. Certain water technology groups, though, can look elsewhere for funding.
Many groups working to ensure clean water access for all living things – humans, animals, plants – have begun relying on funding sources outside their traditional routes. When governments, corporations, universities, and foundations fail to provide them with enough money for their projects, they turn to individual donors for funding. This shift puts the power in the hands of ordinary citizens, enabling anybody who wants to help fight the global water crisis to do so.
TUAFI is among the many water technology groups seeking money from individual donors. Visit TUAFI on Fundable to learn more about the company’s AWG factories, how these factories create new sustainable water sources, and how you can contribute to these factories.