$6.9 Million Invested in Water Management and Protection
Published on by Investment Matchmaking Manager, Employee at water filtration company in Investor
Alberta Innovates (AI) today announced $6.9 million in funding for 18 new projects to support their Water Innovation Program.
This program helps AIs partners achieve their goals and the Government of Alberta deliver on the goals of its Water for Life Strategy .
"The demands on Alberta's water system are increasing," says Pam Valentine, Transition CEO, Alberta Innovates. "Population growth is expected to double by 2050, and we are predicting increasing water use demands. At the same time, climate-change and resource development will impact the health of Alberta's aquatic ecosystems. Alberta Innovates is proud to partner in the delivery of solutions for Alberta to meet these challenges head-on."
The Water Innovation Program is a key mechanism for leveraging the world-class research and innovation capacity in Alberta and Canada, and for building the knowledge and tools that support sustainable water resources management.
This investment in water research and innovation is a result of a six-year $25 million grant from Alberta Economic Development and Trade to Alberta Innovates.
"This Alberta Innovates program supports partnerships that drive innovation in Alberta," says Deron Bilous, Minister of Economic Development and Trade. "Excellence in water research and innovation will ensure modern, safe and responsive water systems for our province."
The approved projects include:
- $3.1 million for seven projects in the area Future Water Supply and Watershed Management
- $2 million for five projects related to Healthy Aquatic Ecosystems
- $1.2 million for three projects on Water Use Conservation, Efficiency, and Productivity
- $600,000 for three projects on Water Quality Protection.
"We need to be talking about the adaptability of our water management systems to sustain our watersheds and water dependent economy," says Dr. Kim Sturgess, CEO, Alberta WaterSMART and funding recipient. "Alberta Innovates' funding has allowed us to introduce and use an innovative approach to collaborative water management that draws on the expertise and knowledge resident in the basins to put forward practical and implementable roadmaps for sustainable water management."
Source: Market Wired
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