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Co-Founder in Residence, Avoid water scarcity in industry
3 months ago
ABOUT THE ROLE
This is an open application for expressions of interest. Active recruitment for the role will begin later this year.
Join Us as a Founder in Climate
At DSV, we are always on the lookout for entrepreneurial-minded individuals with technical and commercial domain expertise to solve urgent unmet challenges through venture building. We are currently seeking passionate and driven individuals to join our Climate sector, focusing on addressing water scarcity in industry.
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 and our corporate partner, you and your co-founders will own the majority stake in the business and continue receiving support from the DSV team post-spinout.
Avoid Water Scarcity in Industry
Water represents a key input for industry, whether for production purposes or as an ingredient. Today it represents up to 24% of total annual water demand, second to Agriculture. With growing population and economic activities, the demand for water is increasing also in industry while water availability is strained by pollution and climate change. With increasing extreme weather events, reliable water supply to industry is put at risk. For example, two-thirds of businesses experience substantial risk in direct operations or in their value chain related to water scarcity on a physical, regulatory, reputational, or stakeholder level.
Today, the majority of water is supplied via surface or groundwater, but in areas like Southern Europe, India, and Central America, these sources no longer represent a reliable water source throughout the whole year. Next to that, delivery of potable water is inhibited by high leakage rates and the majority of wastewater remains untreated on a global level.
Industrial players have spent a lot of effort to reduce their water consumption, and new technologies to desalinate seawater or source water from the atmosphere have been developed. Yet, for industry to meet the reliable supply of millions of litres of high-quality water per day at low cost is still difficult. For example, the latest atmospheric water capture technologies are in the range of thousands of litres per day, and desalination represents its own environmental burden by generating large amounts of brine. Sourcing water from wastewater or runoff represents public constraints and some contaminants are difficult to remove economically. Transporting water over long distances, e.g. from water-rich to water-scarce regions, represents major infrastructure and cost challenges.
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. Together we will determine the optimal solution to this problem
Requirements
Who Should Apply
Most suitable candidates will likely meet multiple of the following criteria:
- PhD or equivalent industry R&D know-how focused on industrial water management, hydrology, environmental studies, or a relevant field;
- In-depth knowledge of state-of-the-art (SOTA) technologies and constraints in at least one of the following areas: thermodynamics, atmospheric dynamics, geochemistry, material science;
- Broad knowledge in water logistics and transportation infrastructure;
- Industry-specific know-how, commercial knowledge (e.g. strategic partnerships, manufacturing, procurement etc.) and network within the water management and related industries;
- Experience in building and scaling new technologies from concept to demonstration;
- Experience in raising funds from early stage investors/VC;
- Experience in building and scaling a high-growth enterprise (leadership/c-suite roles).
Benefits
OUR OFFER
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.
