NovNat Tech is a start-up business which aims to bring a solution to help address water scarcity. Their innovative business idea is the brainchild of founders Abdulbari Belouafi, Kamal Diab and Ibrahim Albaik and they are developing nano-porous materials with water harvesting qualities to replace conventional methods.
NovNat Tech's story:
Water. Without it, life would cease to exist. Yet, according to the UN, half of the world's population could be living in water scarce areas by as early as 2025 due to increasing demand and depletion of freshwater sources. A major contributor to this demand is industrial use, accounting for 40% of total water abstractions globally. Additionally, many international companies have manufacturing facilities functioning in regions experiencing some level of water scarcity, with over 66% of companies now reporting exposure to water risks. This has resulted in many corporations such as PepsiCo, BP, Microsoft and Google, to make strong commitments to become water neutral and/or positive (meaning they produce more water than they consume) by as early as 2030.
Introducing NovNat Tech, a company established to provide NOVel solutions for NATure. We are in the process of patenting our invented metal organic framework (MOF), which has displayed breakthrough performance in producing water from air. Consequently, we are developing a novel large-scale water harvesting system utilising the company-patented MOF. The plan is to implement the system in industrial processes helping companies reduce their reliance on municipal water, thereby, reducing the strain on local communities experiencing water scarcity. We are currently developing the first iteration of our MVP and have applied for an innovate UK grant (£350k) to build a larger scale prototype, which will help us demonstrate the applicability of our technology in large-scale industrial processes and provide a detailed techno-economic assessment of the technology.
By taking part in the UoB Elevate incubator we hope to learn and develop our business knowledge and leverage it to accelerate the growth of our business. This programme will also give us access to an excellent network of fellow founders, entrepreneurs, investors, mentors and advisors, all of whom will help and guide us through this exciting journey.