OpenVersum

Description

Openversum is a watertech company which has created an all-in-one biodegradable drinking water filter removes pathogens, pesticides, heavy metals, and micropollutants, lowering the risks of recontamination. Its mission is to provide water goods and services to disadvantaged rural areas and thus empower local communities to have a positive impact on public health. The organization offers a microfranchising model to train entrepreneurs to locally manufacture and distribute filters. Openversum continually measures the impact of its initiatives to refine and improve its model.

What Makes it Regenerative?

• enables access & participation
• fosters community
• supports human well being
• facilitates coordination & consensus
• helps inspire
• enables learning & knowledge sharing
• supports open source

Business Model

Openversum's business model includes revenues from sales of water filters as well as a fee for its microfranchising package, which includes training, tools, and ongoing support. Openversum may also receive grants and funding from institutions, and engage in partnerships with NGOs or other government or international development agencies.

Risks & Limitations

• Market adoption hurdles in regions with existing solutions
• Franchisee success model hinges on local entrepreneurs franchisees to thrive
• Scalability of microfranchising network requires robust resources
• Technology dependence on their specific filter creates potential risk
• Long-term maintenance issues.