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Co-Founder in Residence, Solving inland urban water scarcity
3 months ago
This is an open application for expressions of interest. The role will begin later this year.
ABOUT THE ROLE
Deep Science Ventures (DSV) is a science venture builder - we build new science start-ups and recruit impact-driven individuals with specific skill sets to become Founders.
You will join DSV’s venture creation programme as a Co-Founder in Residence and work closely with the DSV team, using our methodology, to spin-out a new company. During the programme, you’ll work on all aspects related to venture creation in this opportunity area, including working out the optimal approach to solve for the desired outcome, building a team and building a viable business case. Once the new venture is incorporated with pre-seed investment from DSV, you and your co-founders will own the majority stake in the business and continue receiving support from the DSV team post-spinout.
THE CHALLENGE
Rise and shine It’s morning. Normally you would shower, but your local municipality has placed water restrictions due to a severe shortage. There hasn’t been any meaningful rain for over half a year. Forecasters claim that there hasn’t been anything like this in centuries, but this same claim is made almost every year now. Outside, the plants are shades of brown and yellow. Industry has literally dried up. A steady trickle of family and friends leave to seek a living elsewhere.
Increasingly, this fiction is playing itself out in the real world. Already today, billions of people face fresh water scarcity. In just the past few years, urban centers such as Cape Town and Chennai have just barely avoided zero water. Yet, by mid century, water demand is expected to grow as much as 55% - driven almost entirely by increases in domestic and industrial uses due to population growth and increasing standard of living. Where water scarcity enters the fold is in the asymmetry of use vs supply. By 2050, the majority of water scarcity will be driven by the growth and disproportionately high water use of urban centers - due to high population and industry density - which outstrip local supply.
As current projections stand, over 4 billion people will face some form of water scarcity by 2050 - the majority of which will reside in urban centers. Even if ambitious climate and population growth targets are adopted (under SSP1), only about 20% of water scarcity can be mitigated. Unfortunately, current water solutions are also not enough. ‘Traditional’ water projects such as reservoir construction and groundwater could in theory relieve water scarcity for 50% and 65% (respectively) of projected water-scarce urban centers. Yet both reservoirs and groundwater increasingly face challenges. Due to increasingly irregular precipitation and evaporation, reservoirs are no longer dependable water supply buffers. Furthermore, natural groundwater is often not replenished fast enough to prevent over extraction and is increasingly in short supply - 30% of the world’s groundwater already stressed. For the 60% of the world’s inland population living >100km from the world’s largest source of water (untreated seawater), the foremost challenge becomes access to sufficient quantities of water - treated or otherwise.
OUR APPROACH
Help us to find the best solution to the overarching question: How can we supply water at scale, at affordable costs and without environmental damage?
Starting from established technologies, it may be possible to restore the reliability of groundwater and reservoirs by using directed precipitation capture or minimizing/monitoring evaporation. Separately, In some areas where brine has infiltrated groundwater, new inland-desalination processes could be adopted. Furthermore, solutions to address runoff - one of the largest and under-managed potential water sources in developing countries - using new technologies such as permeable concrete or rapid groundwater recharge could be deployed. New methods for extracting moisture from air have also made headway - including direct water from air harvesting and artificial cloud seeding. It will be down to you to determine the optimal solution to this problem
Requirements
- We are looking for an entrepreneurial and urgently motivated person who has a strong drive to solve some of the world's most pressing environmental challenges.
- You must have a PhD or an equivalent high-level of technological expertise in hydrology, environmental studies, water management, or a relevant field
- Especially interested in candidates with a good understanding or had worked in the industry in at least one of the following: thermodynamics, atmospheric dynamics, geochemistry, material science
- You have a broad knowledge base to draw upon and an passion in keeping up-to-date with the latest technologies
- You are a creative thinker, enjoy thinking about the exceptions to rule, and enjoy a good challenge.
- You have a strong desire to build a company and ideally have built projects and teams in the past. You are a good communicator and work well in a team.
Benefits
By joining DSV, you’ll be joining a team of operators who have founded companies and led translation of science at some of the most respected universities, charities, funds and government agencies. 2/3 of the team have founded or led a company at C-suite and 65% have a PhD. Our team dedicate several hours every week to each Founder or founding team to provide tailored guidance, resources and feedback covering every aspect of what it takes to successfully launch a new venture from both the tech and commercial perspectives:
- We provide optimised, purpose-built, proprietary tools, resources and processes to help create high-impact ventures from scratch, using our venture creation methodology. Read more about one of our key tools here.
- We draw on opportunity area specific know-how provided by our network of Partners and Advisors;
- We provide £250k investment governed by our Investment Committee to incorporate the new venture and develop early proof-of-concept data that’s needed to attract high profile non-venture studio VCs. This funding is also key to get grant funding, which most often needs to be matched with private investment;
- We provide guaranteed income of £4,166 per month paid to each Founder in Residence as a consultancy fee until the company is launched and the pre-seed investment is secured;
- You and your co-founders will own a majority equity stake in the company;
- We provide continuous support after post spin-out, including fundraising, commercial partnerships, recruitment and team-building (amongst other things); plus
- There are dozens of Founders currently at DSV across sectors working collaboratively and supporting one another - a unique resource to draw on.
ABOUT DSV
Deep Science Ventures is creating a future in which both humans and the planet can thrive.
We use our unique venture creation process to create, spin-out and invest into science companies, combining available scientific knowledge and founder-type scientists into high-impact ventures.
We operate in 4 sectors: Pharmaceuticals, Climate, Agriculture and Computation, tackling the challenges defining those areas by taking a first principles approach and partnering with leading institutions.
