Overview
A rainbow is caused by the refraction and reflection of rays from the sun on water droplets. Although a natural phenomenon, the rainbow is often correlated with the human spiritual aspirations of enlightenment and rejuvenation. Each of the colors visible in the spectrum is attributed core spiritual ambitions and as a group they symbolize a celebration of diversity itself.
Kinrot has adopted these positive aspirations in its approach to partnering with budding entrepreneurs by seeking out the unique attributes of not only the technologies but the entrepreneurs themselves and leveraging these to transform their vision into a rainbow of water technologies. Kinrot’s inclusive approach inspires optimism, welcomes diversity and invites anyone with vision and promising ideas to contribute to the growing international spectrum of water technologies.
Kinrot Ventures was founded in 1993 as part of the Israeli Incubator Program and in 2006 was privatized by the Canadian Stern Group in cooperation with the Israeli Chief Scientist. In the beginning of 2010, AguAgro Fund LP has acquired Kinrot Ventures from Canada's Stern Partners Inc. Today, Kinrot is the leading seed investor in water and clean-tech related technologies worldwide.
The company provides a solid platform for developing and commercializing water innovations. Where once water was viewed as a free, limitless resource, it is now starting to be respected as a precious commodity to be conserved, recycled, purified and carefully managed. The water industry is a burgeoning one with global sales reaching $450 billion in 2008 and growing at a rapid 7% p.a.
In this significant and growing market, Israel is uniquely positioned as a global leader in water innovations. Israel has gained vast experience in water management, desalination, innovative irrigation and sewage recycling systems. Currently, 75% of Israel’s sewage water is recycled; it boasts the largest RO (Reverse Osmosis) desalination plant in the world; it is a recognized leader in Drip Irrigation systems; it boasts the 4th largest filtration plant in the world. In addition, Israel is renowned as a technology powerhouse due to innovative abilities in the applied sciences and technology field. Israel is now the world's second most intensive high-tech cluster after Silicon Valley. Advanced technologies developed in Israel are in great demand, and many Israeli-developed applications can now be found in the products of multi-national companies in the communications, computers, information systems, medicine, optics, consumer goods and software sectors. Moreover, Israel not only offers innovative high-tech solutions but also a pioneering entrepreneurial spirit and high quality workforce.
Kinrot is led by a professional and highly experienced team who has navigated the unpredictable seas of water investments and can therefore provide real and substantial support to entrepreneurs with groundbreaking ideas. Kinrot is backed by an advisory board made up of leading academicians and industry leaders and has strategic partnerships with Mekorot (Israel National Water Corporation), Water and Energy Technology (WET) Incubator in California and the L.A. City Water and Energy Department, the largest utility in the States. With this level of support, Kinrot is able to provide entrepreneurs with a fertile environment for growth and success in the national and international markets.