The program previously known as “The Global Freshwater Seed Accelerator” now goes by the much more chic name of BREW, which stands for “Business, Research Entrepreneurship in Wisconsin.”
This fall the third cohort of six water startups will embark on a 12 month accelerator program. The companies will receive up to $100,000 in seed funding each. All of the six selected companies will also receive
- A suite in Milwaukee’s Global Water Center
- Business model and operations training through the water council and the University of Wisconsin-Whitewater
- Access to academic and business expertise
- Access to the Global Water Center’s FLOW lab
The funding is provided in part by the Wisconsin Economic Development corp and is matched by industry leaders and The Water Council, according to the Milwaukee Business Journal. The organizations are specifically looking for startups with good commercialization potential. Other BREW partners include: Institute For Water Business,and the International Water Association.
The accelerator is open to just about any kind of water based startup that has commercialization potential. The first two batches at the accelerator included companies that ranged from finding microbes in the water, to spotting leaks in plumbing, to helping consumers save money on energy costs by reducing water consumption. There doesn’t seem to be a specific vertical.