Shifting entrepreneurial landscape and development performance of water startups in emerging water markets
Emerging technologies have driven the rise of many water-related startups and created new opportunities in water markets. The global water crisis could be mitigated by applying innovative technologies, sound water management decisions, and successful business models, and it is essential to better un...
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| Veröffentlicht in: | PloS one 2021-02, Vol.16 (2), p.e0246282 |
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| creator | Liu, Peiyuan Huang, Yuxiong Hermanowicz, Slav W |
| description | Emerging technologies have driven the rise of many water-related startups and created new opportunities in water markets. The global water crisis could be mitigated by applying innovative technologies, sound water management decisions, and successful business models, and it is essential to better understand the status and future trends of emerging water markets. This study aims to discover shifts in the entrepreneurial landscape and evaluate water startups' development performance for the sustainable development of emerging water markets. We collected and analyzed data including the founding date, service area, service provided, details of funding raised, revenues, and consumer responses on 132 water startups founded between 2008 and 2018 in California, USA. Our results indicated that municipal area dominated the emerging water startup market compared to agricultural and industrial areas, and that many of the services provided shifted from conventional technologies to digital technologies. Though digital water startups' current revenues were relatively low, digital techniques applied in the water industry exhibited the good potential to promote public health and water saving. The development trends and performance of water startups enlighten the technological and commercial revolutions in the emerging water market, and provide guidelines for the decision-making in relevant stakeholders in the scientific, governmental, and industrial communities. |
| doi_str_mv | 10.1371/journal.pone.0246282 |
| format | Article |
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The global water crisis could be mitigated by applying innovative technologies, sound water management decisions, and successful business models, and it is essential to better understand the status and future trends of emerging water markets. This study aims to discover shifts in the entrepreneurial landscape and evaluate water startups' development performance for the sustainable development of emerging water markets. We collected and analyzed data including the founding date, service area, service provided, details of funding raised, revenues, and consumer responses on 132 water startups founded between 2008 and 2018 in California, USA. Our results indicated that municipal area dominated the emerging water startup market compared to agricultural and industrial areas, and that many of the services provided shifted from conventional technologies to digital technologies. Though digital water startups' current revenues were relatively low, digital techniques applied in the water industry exhibited the good potential to promote public health and water saving. 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The global water crisis could be mitigated by applying innovative technologies, sound water management decisions, and successful business models, and it is essential to better understand the status and future trends of emerging water markets. This study aims to discover shifts in the entrepreneurial landscape and evaluate water startups' development performance for the sustainable development of emerging water markets. We collected and analyzed data including the founding date, service area, service provided, details of funding raised, revenues, and consumer responses on 132 water startups founded between 2008 and 2018 in California, USA. Our results indicated that municipal area dominated the emerging water startup market compared to agricultural and industrial areas, and that many of the services provided shifted from conventional technologies to digital technologies. Though digital water startups' current revenues were relatively low, digital techniques applied in the water industry exhibited the good potential to promote public health and water saving. 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The global water crisis could be mitigated by applying innovative technologies, sound water management decisions, and successful business models, and it is essential to better understand the status and future trends of emerging water markets. This study aims to discover shifts in the entrepreneurial landscape and evaluate water startups' development performance for the sustainable development of emerging water markets. We collected and analyzed data including the founding date, service area, service provided, details of funding raised, revenues, and consumer responses on 132 water startups founded between 2008 and 2018 in California, USA. Our results indicated that municipal area dominated the emerging water startup market compared to agricultural and industrial areas, and that many of the services provided shifted from conventional technologies to digital technologies. Though digital water startups' current revenues were relatively low, digital techniques applied in the water industry exhibited the good potential to promote public health and water saving. The development trends and performance of water startups enlighten the technological and commercial revolutions in the emerging water market, and provide guidelines for the decision-making in relevant stakeholders in the scientific, governmental, and industrial communities.</abstract><cop>United States</cop><pub>Public Library of Science</pub><pmid>33539463</pmid><doi>10.1371/journal.pone.0246282</doi><tpages>e0246282</tpages><orcidid>https://orcid.org/0000-0001-8124-643X</orcidid><orcidid>https://orcid.org/0000-0003-3708-0262</orcidid><oa>free_for_read</oa></addata></record> |
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| subjects | Agricultural production Biology and Life Sciences Capital Data collection Data search Datasets Developing countries Drought Earth Sciences Ecology and Environmental Sciences Editing Efficiency Emerging markets Engineering and Technology Entrepreneurial finance Entrepreneurs Entrepreneurship Environmental engineering Environmental impact Evaluation Forecasts and trends Funding Graduate schools Graduate studies Indicators LDCs New business enterprises NGOs Nongovernmental organizations People and places R&D Research & development Social Sciences Startups Sustainable development Target markets Technology Venture capital Water management Water markets Water quality Water quality management Water rights Water shortages Water supply Water utilities |
| title | Shifting entrepreneurial landscape and development performance of water startups in emerging water markets |
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