The Milwaukee-based Water Council, which operates the Global Water Center, on Monday announced it has received a $71,625 cluster grant to kick off the seed fund from the U.S. Department of Commerce’s Regional Innovation Strategies program. The Water Council also agreed to contribute $81,625 in matching funds over the next two to three months with contributions, staff, marketing and other items to get the fund up and running, said Meghan Jensen, director of marketing and membership at The Water Council.
The Water Council is just beginning the fundraising process for The Wisconsin Water Cluster Seed Capital Fund, but is not yet ready to comment on what it will be used for, Jensen said. The Water Council also has not set a timeline on raising the $5 million.