Venture capitalists, put off by the politics and arcane regulations that surround water and water rights, have largely steered clear of it. Only 1 to 2 percent of money invested in clean technology goes to water companies, according to the Cleantech Group, although that is starting to change.
“Most of the time we hear about water as a crisis and a problem,” said Tamin Pechet, a San Francisco venture capitalist who formed a nonprofit organization, ImagineH2O, that will hold a business plan competition for startups in September in partnership with various water agencies, which Pechet said are slow to adopt new technology. “I see this as an opportunity to make a positive social impact.”
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