Ontario Pipeline - Spring 2015 - (Page 29)
FEATURE | ONTARIO
MAkINg a MARk
WITH SUPPORT FROM WATERTAP,
ONTARIO IS RAISINg THE bAR ON THE
gLObAL WATER TECHNOLOgy SCENE.
BY kERRY FREEk, HOnS. B.A.
hen the Ontario government passed the Water
Opportunities Act in 2010,
it made the water technology sector a priority for the province. At
the time, the world had begun to demand
homegrown expertise and game-changing technologies. The acquisition of many
successful Ontario-based companies by
major corporations had inspired new entrepreneurs and spurred a new generation
of start-ups with access to Ontario's supportive research and development (R&D)
The province was on track to compete
on a global scale, and the Act represented
a commitment to supporting that potential. It established a framework to drive
innovation, create economic opportunities,
and promote sustainable water infrastructure and conservation of Ontario's water.
It laid a foundation for economic growth
and for making Ontario a North American
leader in the sector.
The Act also created the Water Technology
Acceleration Project-WaterTAP-as a
vehicle to promote and implement these
objectives. Since the organization commenced operations in September 2012, it
has worked to support the sector's growth.
A recent WaterTAP survey of 59 companies
* On average, Ontario's water companies
are experiencing a growth rate of 20 per
cent. Some companies are experiencing
much higher rates.
WaterTAP and the Advanced Energy Centre at MaRS sign a memorandum
of understanding with CECEP in China. Front row (L-R): Brent Wootton,
WaterTAP; Zhang Jun, CECEP; Ilse Treurnicht, MaRS Discovery District.
* Companies working with WaterTAP are
growing 7 per cent faster than companies not yet working with WaterTAP. This
represents $30 million in incremental
revenue growth. These companies are
also hiring double the number of fulltime employees.
* This difference in growth rate represents
a 1300 per cent return on the Province's
investment in WaterTAP.
At present, Ontario is home to more
than 900 water industry companies,
mostly small and medium enterprises,
which employ approximately 22,000
people. WaterTAP has identified approximately 300 companies with high potential
for growth. Combined with the promise
of a uS$560-billion1 global water sector
Ontario water technology companies explore the different stages of
investment at a meeting of WaterTAP's Business user Group.
O N T A R I O P i P E L i n E | SPRING 2015 | 29
Table of Contents for the Digital Edition of Ontario Pipeline - Spring 2015
From the Publications Chair
The OWWA Report
The OMWA Report
The OWWEA Report
From Our AWWA Director
Ontario’s Water Conference and Tradeshow
Acclamation of 2015–2018 OWWA Directors
Let’s Drink to That!
New Possibilities with Municipal Water Data
The NSERC Industrial Research Chair in Water Treatment at the University of Waterloo
Making a Mark
AWWAO Certification Week
Novel Use of Stabilized Hydrogen Peroxide in Drinking Water
Water for People India Impact Tour
Welcome New Members
Calendar of Events
OWWEA Member Listing
Index of Advertisers | Ad.com
Ontario Pipeline - Spring 2015