A Global Water Infrastructure Exchange
The water infrastructure industry is fragmented, inefficient,
& limits competition. We have created a global water infrastructure exchange
I confirm that I am fully aware of the eligibility criteria, and based on its description, I am eligible to apply to the CSV Prize 2017.
Start-Up (a pilot that has just started operating)
Annual budget in 2017 (USD)
Number of beneficiaries impacted so far
Headquarters location: Country
Headquarters location: City
San Diego, California
Location(s) of impact
USA - we have a national list of vendors and contractors. We have piloted the platform in Highland Park, Michigan.
H2bid building a global water infrastructure exchange and making the water industry smarter!
Problem: What problem is this initiative trying to address?
The water infrastructure industry is a fragmented, inefficient marketplace of thousands of utilities, vendors, and contractors. The market inefficiency limits competition, increases costs, reduces transparency, makes it hard to introduce innovation, and makes water and wastewater services more expensive and less affordable (infrastructure costs are the biggest cause of high water rates). We created a global efficient exchange.
Solution Summary: What is the proposed solution? What do you see as its most promising aspects for creating shared value?
Creating a single efficient online marketplace where all water and wastewater systems and all vendors and contractors can meet will take the water industry from an inefficient industry to an industry with maximum efficiency - increasing competition, global access to new technologies, ensuring transparency in the infrastructure procurement process, and helping to keep water rates affordable.
Impact: What is the impact of the work to date? Specify both the social and the environmental impact of your work
We have piloted the platform and it works. We need to scale it. It will revolutionize the water industry (everyone accepts that the water industry will always be inefficient and fragmented). We believe that the future of the water infrastructure industry should be a single market where every water system with a need and every vendor with a solution to meet the water system's need can efficiently find each other - regardless of their physical locations.
Financial sustainability plan: How is this initiative financially supported? How will you ensure its financial sustainability long-term?
100% from user fees.
Unique value proposition: What makes your initiative innovative? How does your project differ from other organizations working in the same field?
No one has created a single market (exchange) for water infrastructure procurement.
Founding story: Share a story about the "Aha!" moment that sparked the beginning of this initiative.
Our founder was a water commissioner and he noticed that they were getting bids for infrastructure contracts from the same few companies over and over. When he went to water conferences and asked vendors why they had not bid on their contracts, they would say that they were not aware of the opportunity. He realized that the water industry needed a single market for infrastructure procurement. So, when he left the water system and went back into the private sector, he launched H2bid to become the first global exchange for water/wastewater infrastructure procurement. H2bid has amassed the largest database of vendors and contractors, and the platform includes a user-friendly e-bidding system capable of handling any type of procurement.
Where did you hear about the Nestlé Creating Shared Value Prize?