ISI Centre partner firm OXYMEM NAMED IN 2015 GLOBAL CLEANTECH 100
Delighted that ISI Centre was able to support and play a small role.
OXYMEM NAMED IN 2015 GLOBAL CLEANTECH 100
List recognises Top Private Companies in Clean Technology
26 January 2016: OxyMem, a UCD spinout and Irish Cleantech company who have been commercialising an innovative solution to reduce costs for wastewater treatment – the Membrane Aerated Biofilm Reactor (MABR), has been named in the prestigious 2015 Global Cleantech 100.
The Global Cleantech 100 represents the most innovative and promising ideas in cleantech. It is a list of private companies with the highest potential to make the most significant market impact on clean technologies over the next five to ten years.
OxyMem is the only Irish company to make the 2015 list which is produced by Cleantech Group, whose mission is to connect corporates to sustainable innovation through its i3 Connect platform and global events.
More than 6,000 global companies from 60 countries were nominated for inclusion. Cleantech Group connects start-ups with corporates and investors. “To be recognised as a Global Cleantech 100 company is a tremendous validation for OxyMem’s value proposition in the global water market,” says OxyMem CEO Wayne Byrne.
“Our journey with the Cleantech Group began with an introduction from the ISI Centre, and now to know we are on the radar of the world’s Venture Capital community is a real kick-start to our year.”
“It has been a great year for us, with engagements from some of the largest water utilities in Europe, Asia and North America, but that is just the start as we look forward to extending our impact worldwide. It is no doubt that recognition of our technology by the Cleantech Group will only go to bolster our efforts.”
This list is collated by combining proprietary Cleantech Group research data, with weighted qualitative judgments of hundreds of nominations, and specific inputs from a global 100-person Expert Panel. To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.
This year, a record number of nominations were received: 6,900 distinct companies from 60 countries. These companies were weighted and scored to create a short list of 323 companies. Short-listed nominees were reviewed by Cleantech Group’s Expert Panel, resulting in a finalized list of 100 companies from 17 countries.
Aideen O’Hora, Director of Sustainable Innovation for the International Sustainability Investment Centre (ISI Centre), welcomed news of OxyMem’s nomination.
“OxyMem’s success highlights the vibrancy of Ireland’s cleantech sector, with sectors such as water management now emerging as key growth sector. They are an example to other start-ups; they continually develop new opportunities using networks such as ISI Centre and Cleantech Group to engage, connect and build opportunities.”
“Given that global requirement for clean water will increase by 40 pc by 2030 there is a growing demand for water technology. Companies such as OxyMem – that are agile, innovative – can respond to this challenge.”
The 100-member expert panel was drawn equally from leading financial investors and representatives of multi-national corporations and industrials active in technology and innovation scouting across Asia, Europe, and North America.
The composition of the expert panel broadly represents the global cleantech community, from pioneers and leaders to veterans and new entrants. The diversity of panellists results in a list of companies that command an expansive base of respect and support from many important players within the global cleantech innovation ecosystem.
“The Global Cleantech 100 provides us with insight into the collective opinion of key market players on which megatrends and innovation companies are most likely to have a significant impact in the next 5-10 years,” said Michele Parad, Senior Manager at Cleantech Group and lead author of the Global Cleantech 100 Report. “Now in its 7th year, the Global Cleantech 100 program reveals which themes are staying relevant and which sectors are taking center stage.”