Highlights of student-led ventures participating in the LaunchPad Lift Cohort, part of the Blackstone LaunchPad® powered by Techstars® entrepreneurship program
Early in the morning, you wander into the bathroom and turn on the shower to full hot. While you’re sipping coffee and waiting for the water to warm, gallons of wasted water are flowing down the drain.
In a recent study by Lawrence Berkeley National Labs, 70 percent of bathers leave their showers unattended after it’s warm, resulting in $100 “water warm-up waste” per shower per year. For hotel franchises, this waste equals $30M in expenses per year. Across the U.S., this problem could waste two trillion gallons of water, one trillion kWh of energy and $50B annually.
In response to this “shower water warm-up waste,” a student-led venture from UT Austin’s Blackstone LaunchPad powered by Techstars entrepreneurship program developed Shower Stream, a smart shower head adapter that uses motion sensors to release warm water when the person enters the shower. The company aims to reduce water and energy waste without disturbing the customer’s experience and provide analytics on the savings.
Shower Stream’s motion-activated shower head adapter simply screws on behind the existing shower head without disrupting the bathing experience. Through their dashboard, hotel owners can review analytics about their water and energy savings in real-time. Shower Stream states customers receive a one year breakeven and 400 percent, five-year ROI by using their device.
Shower Stream was selected for the inaugural LaunchPad Lift Cohort, a 10-week personalized mentorship-driven program for student-led ventures from the United States and Ireland, as well as a $10,000 grant to help move their business forward.
“Being a part of the LaunchPad Lift Cohort is a very exciting achievement for Shower Stream. Working with world-class mentors from Techstars and gaining access to their impeccable network of successful entrepreneurs and investors will be a huge boon for us,” said Ian Howard and Greg Floyd, Co-founders of Shower Stream. “During the program, we will levy the huge amount of resources provided by Blackstone and Techstars to improve our customer value proposition and secure new partnerships that will allow us to expand quickly in the future.”
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