Oxymem Imagine H20 prize winners

OxyMem takes growth stage award at Imagine H20 Infrastructure Challenge

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Pictured: Brian Matthay, Imagine H2O; Wayne Byrne, OxyMem; Tamin Pechet and Scott Bryan, Imagine H2O

23 March 2015

OxyMem, A UCD-spin out based in Athlone, scooped the 2015 Imagine H2O Infrastructure Challenge growth stage award at a ceremony in san Francisco yesterday.

Imagine H2O is a not-for-profit organisation founded in 2007 by a team of leaders in the water, energy, and non-profit sectors at Harvard Business School whose vision is to turn water problems into opportunities.

Each year Imagine H2O hosts an annual business plan competition addressing specific water opportunities. This year’s competition, entitled the Infrastructure Challenge, attracted entries from over 100 companies in 20 countries.

OxyMem was the only Irish company among 12 shortlisted finalists, six in each of two categories (early-stage and growth stage), with the other finalists coming from the USA, Israel and Greece.

OxyMem, co-founded in 2013 by Prof Eoin Casey and Dr Eoin Syron as spin-out from UCD’s School of Chemical and Bioprocess Engineering, developed a method for micro-organisms to break down water pollutants, using less energy and producing less sludge.

On receiving the Award, Wayne Byrne, MD, OxyMem, said: “We have had this major platform opportunity in our sights for some time now. Image H2O’s not-for-profit approach to tackling some of the most significant challenges facing the world today means they have a laser focused ability to identify the most likely to succeed in addressing these challenges.

“This accolade gives us incredible traction in the US, and global markets, with end users, partners and venture capital because of its strong track record. We are honoured to have been selected as the overall winner from such a strong cohort of finalists.”

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