Entrepreneurial Experience : McGuire Venture Team Reko Global Water Funded Through Chilean Government Grant
By Liz Warren-Pederson
Reko Global Water — part of the McGuire Center for Entrepreneurship’s venture class of 2010 — is among 154 startup companies funded by the Chilean government’s Start-Up Chile program, which is designed to help entrepreneurs launch their ventures from Chile.
During the six months the participants must be in Chile — for which they are awarded $40,000 of equity-free seed capital, a one-year work visa, and access to local financial and social networks.
The program is a perfect fit for Reko Global Water (RGW), which identified Chile as a key location from which to launch its mission of identifying water assets and developing eco-friendly technologies that will allow for increased potable water availability in the global market. According to the World Health Organization, 1.1 billion people around the world have no access to clean water.
John Kyndt, research assistant professor with the UA Department of Chemistry and Biochemistry, is project development manager of Reko. “RGW identified Chile as the first country to develop the business, primarily due to its strategic location on the Pacific Rim and the availability of abundant water,” he said.