Gravity Water Named Winner of the QBE AcceliCITY Resilience Challenge
Rhea-AI Summary
Gravity Water has won the 2024 QBE AcceliCITY Resilience Challenge, receiving a $100,000 prize for their innovative rainwater harvesting technology that addresses water security and climate resilience. Selected from over 740 entrepreneurs across 70 countries, the organization was chosen following a boot camp and evaluation by representatives from prestigious institutions.
The solution aims to help communities at risk of natural disasters safely collect and manage rainwater, providing access to self-sufficient drinking water. Gravity Water also won the 2024 Proptech Track and one of two $25,000 People's Choice awards. The QBE AcceliCITY program has become one of the world's largest initiatives of its kind, with alumni raising over $1 billion to improve urban resilience.
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The sixth annual QBE AcceliCITY Resilience Challenge awarded Gravity Water the
"Congratulations to Gravity Water for their efforts in developing a cutting-edge solution that provides areas at risk of natural disasters around the world with access to safe drinking water," said QBE North America CEO Julie Wood. "At QBE, we are committed to helping promote resilience and sustainability, and this year's winner is an excellent example of how we can help empower communities to build resilience to climate challenges."
The
"Access to safe water is not just a necessity; it is a fundamental right that millions are denied daily," said Mike Lake, President and CEO of Leading Cities. "Currently, nearly 2 billion people–almost a quarter of the global population—are forced to use contaminated water sources, putting lives at risk every single day. Addressing this issue with sustainable solutions is critical to breaking this cycle and protecting our future generations."
Gravity Water was selected as the City Solution of the Year from a pool of more than 740 entrepreneurs from 70 countries who competed in the QBE AcceliCITY Resilience Challenge.
Danny Wright, founder and executive director of Gravity Water said, "We need solutions to water security that are sustainable and can reach global scale in years, not decades. The pilot grant from the QBE AcceliCITY Resilience Challenge gives us the opportunity to continue to help communities at risk of natural disasters to safely collect and manage rainwater, building resilience to flooding, drought, and other climate challenges. Our rainwater harvesting technologies will provide communities with access to a self-sufficient and long-term source of safe drinking water."
In addition to the Primary Smart City challenge, a specialized track was available; The Proptech Track targets loss mitigation solutions at the intersection of commercial property insurance and sustainability. Gravity Water was also named the 2024 Proptech Track winner.
QBE also awarded two
The QBE AcceliCITY Resilience Challenge has quickly become one of the largest programs of its kind in the world and has demonstrated tremendous impact. AcceliCITY alumni have already raised more than
At its core, QBE AcceliCITY lowers the cost of innovation for local governments as well as startups and corporations by streamlining the innovation and implementation cycles for smart and resilient city solutions. The QBE AcceliCITY program connects startup's smart solutions directly with users and provides the proper channels and know-how to deploy in cities.
About QBE North America
QBE North America is a global insurance leader helping customers solve unique risks, so they can stay focused on their future. Part of QBE Insurance Group Limited, QBE North America reported Gross Written Premiums in 2023 of
About Leading Cities
Leading Cities connects cities across the globe with innovations and insight to drive resiliency, equity, and sustainability. This is achieved by cultivating a global network of forward thinkers from the public, private, academic, and non-profit sectors as well as delivering advanced research, emerging trends and vetting solutions that will address urban challenges. The AcceliCITY program aims to de-risk innovation for cities by sourcing and vetting solutions that will answer their most pressing challenges. Additional information can be found at www.LeadingCities.org or by following Leading Cities on Twitter, LinkedIn, and Facebook.
About the QBE AcceliCITY Resilience Challenge
QBE AcceliCITY Resilience Challenge, a signature program, leverages the Leading Cities network of forward-thinkers in the public, private, academic, and non-profit sectors to advance innovation in local governments. The program lowers the cost and risk of innovation for startups as well as cities and corporations by streamlining the innovation and sales cycles for Smart City solutions.
FAQ
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How much funding have QBE AcceliCITY alumni raised in total?
