SUSTAINABLE NATION IRELAND PUSH HELPS OXYMEM INTO CLEANTECH 100
SUSTAINABLE Nation Ireland was delighted to welcome news that UCD spinout OxyMem had made the prestigious 2015 Global Cleantech 100, which came after an initial introduction by Sustainable Nation.
The nomination received widespread attention including media coverage in the Irish Times and Sunday Business Post.
OxyMem is an Irish Cleantech company who have been commercialising an innovative solution to reduce costs for wastewater treatments. Its Membrane Aerated Biofilm Reactor (MABR) – was named in the Global Cleantech 100, produced by the Cleantech Group.
Aideen O’Hora, Sustainable Nation Ireland’s Director of Sustainable Innovation, said OxyMem’s nomination highlighted the vibrancy of Ireland’s cleantech sector.
Sectors such as water management are now emerging as key growth areas. It was Aideen who first introduced OxyMem to Cleantech Group, which produces the global list.
“They are an example to other start-ups; they continually develop new opportunities using networks such as Sustainable Nation Ireland and Cleantech Group to engage, connect and build opportunities,” said Aideen. “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 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 was the only Irish company to make the 2015 list. More than 6,000 global companies from 60 countries were nominated for inclusion in the list. 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,” said OxyMem CEO Wayne Byrne.
“Our journey with the Cleantech Group began with an introduction from Sustainable Nation Ireland, and now to know we are on the radar of the world’s Venture Capital community is a real kick-start to our year.”