HCL has pledged USD 15 million to address global water insecurity

  • Worldwide, freshwater ecosystems are under threat from climate change, with record droughts seen in India, France and the United States.

  • It’s time to act on water insecurity – by 2030 global water demand will exceed sustainable supply by 40%

  • The leading global conglomerate HCLwith a strong presence in technology and healthcare, is interacting $ 15 million over five years to support water-focused entrepreneurs-‘aquapreneurs’-who promote innovation in the management of freshwater resources, through a program it calls Aquapreneur Innovation Initiative

  • HCL Group CEO Roshni Nadar Malhotraalso the first woman to lead a listed IT company in India (HCL Technologies), supports the initiative along with the World Economic Forum’s UpLink platform

DAVOS, Switzerland, May 25, 2022-(BUSINESS WIRE)-Water security has never been more urgent than it is today. As the world’s population is set to reach 8.5 billion people by 2030, pressure is mounting on the planet’s limited supply of fresh water. By 2030, global water demand will exceed sustainable supply by 40%. In addition to serious and immediate consequences for human health and food production, lack of access to drinking water could limit economic growth by up to a third and lead to negative consequences for natural biodiversity. and the social body. Governments and businesses need to put the issue of freshwater at the forefront of their strategies, and innovation will play an important role in their success.

This press release contains multimedia elements. See the full press release here: https://www.businesswire.com/news/home/20220524005759/fr/

People pictured (from left) – Roshni Nadar Malhotra, CEO, HCL Group & Chairperson, HCL Technologies; Gim Huay Neo, Managing Director, Center for Nature and Climate, World Economic Forum; William Kwende, Founder of Serious Shea; Inna Modja, Land Ambassador, UNCC; Marc Benioff, Chairman and Co-CEO of Salesforce; Punit Renjen, Global CEO of Deloitte; and Alem Tedeneke, Media Lead, World Economic Forum. (Photo: BusinessWire)

To advance the freshwater conservation and management agenda, the leading global conglomerate HCL has partnered with UpLink, the World Economic Forum’s open innovation platform, which connects the most committed startups with the partners and funding they need to grow. As part of the USD 15 million investment over five years, HCL will help accelerate the innovation agenda for water, as well as create a first-of-its-kind innovation ecosystem for the global freshwater market sector at UpLink, called the “Aquapreneur Innovation Initiative”.

This initiative will build on HCL’s regional experience in promoting innovative water conservation projects, and bring together global leaders and champions to stimulate multi-stakeholder collaboration. By building this ecosystem, water -focused entrepreneurs can thrive and influence freshwater ecosystems everywhere.

“Today, the world’s water resources are immense, and one in five children on this planet faces water shortages,” he said. said Roshni Nadar Malhotra, CEO of HCL group and president of HCL Technologies. “At HCL, we aim to make every effort to help resolve this global crisis. Our partnership with the World Economic Forum’s UpLink platform is a step in that direction, and our ecosystem strategy can be truly transformative. Together, we will not only encourage and scale innovations in this critical area, but we will also build the capacity of water-focused entrepreneurs-aquapreneurs-to implement innovative solutions. Through the Aquapreneur Innovation Initiative, we reaffirm our commitment to accelerating multi-stakeholder collaboration and innovation in water conservation around the world. »

The new partnership between HCL and UpLink includes the development of a freshwater innovation ecosystem, including launching innovation challenges to find solutions for ‘aquapreneurs’ (water-focused entrepreneurs), connecting these aquapreneurs to current water initiatives and networks, opening up funding opportunities to grow their business, and raising awareness around the global agenda on the importance of fresh water.

Together, HCL and UpLink also aim to help aquapreneurs develop their leadership skills and abilities. These joint efforts will drive and accelerate the water change agenda and the sector’s leading ideas, strategies and solutions.

“The Aquapreneur Innovation Initiative has come at a certain moment,” said Olivier Schwab, managing director of the World Economic Forum. “As water scarcity affects regions around the world, we need to accelerate development in the freshwater sector, and make people and the planet safer. The partnership between HCL and UpLink will use and advance the solutions of the world’s best innovators, connecting them to initiatives and networks that will allow them to grow and lead innovation for the most vulnerable systems. of water in the world. »

Change in the field of freshwater management is also crucial for the role of water in the transition to a green economy, as highlighted today in Davos by the publication of a new report entitled,A Freshwater Future: If No Blue, No Green Economy (The future of fresh water: if there is no blue, there is no green economy).

UpLink was launched at the 2020 World Economic Forum Annual Meeting, in collaboration with founding members Salesforce and Deloitte. The platform identifies new innovations through a competition framework called challenges of change. So far, UpLink has organized more than 30 challenges, and identified more than 260 entrepreneurs offering innovative solutions targeting the world’s most pressing problems.

About HCL Group

Founded in 1976 as one of India’s first garage-built IT startups, HCL was a pioneer of modern computing with many firsts to its credit, including the introduction of the 8-bit microprocessor computer in 1978, although ‘ t ahead of its global peers. Today, the HCL Group is present in a variety of sectors, including technology and healthcare, and consists of three companies: HCL Technologies, HCL Infosystems and HCL Healthcare. The group generates annual revenues of more than USD 11.5 billion and has more than 209,000 employees operating in 52 countries.

HCL Technologies, a group of companies, is empowering today’s global businesses with technology for the next decade. As a leading global technology company, it prides itself on their diversity, social responsibility, sustainability and educational initiatives. HCL Technologies is also a strategic partner of the World Economic Forum.

To find out more, visit www.hcl.com.

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Media contacts
Sadaf Khan I Sadaf-k@hcl.com

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