2335191
Cooperative Agreement
Overview
Grant Description
SBIR Phase II: R&D for water efficiency, management and markets utilizing distributed ledger technology.
The broader/commercial impact of this Small Business Innovation Research (SBIR) Phase II project is to advance the United Nations Sustainable Development Goal (SDG) 6: clean water and sanitation, particularly in addressing water scarcity exacerbated by climate change.
By establishing a transparent and accountable platform for water rights trading, the outcomes of this Phase II project will enable efficient water allocation and management, fostering fairness, encouraging market participation, and empowering businesses to optimize water usage.
Moreover, it elevates the competitiveness of water-dependent industries such as agriculture, energy, and manufacturing.
The potential deployment of digital water markets across the USA could result in estimated daily savings of up to 64 billion gallons of water.
The culmination of Phase II's efforts will facilitate the fast deployment of digital water banks and markets, delivering significant benefits to all stakeholders involved.
This transformative project serves as a model for leveraging technology to create efficient and equitable water markets, offering a scalable solution that positively impacts water resources, public health, industry competitiveness, and sustainable development.
This Small Business Innovation Research Phase II project builds technology to manage digital water management and transactions.
Leveraging a pioneering SaaS-based solution, distributed ledger technology, and decentralized distributed file system (DDFS), this initiative integrates Internet of Things (IoT) and Supervisory Control and Data Acquisition (SCADA) sensors to provide comprehensive insights into water rights and usage patterns.
This Phase II project aims to refine the Phase I-developed solution by automating processes and seamlessly incorporating external devices like IoT and SCADA.
Rigorous testing in real-world scenarios will facilitate an iterative process of improvement until the proposed key performance indicators (KPIs) are achieved.
Successful completion of Phase II will yield a transformative solution, reshaping water banking and markets, acting as a potent policy instrument for enhanced water management, allocation, productivity, and availability.
Targeted outcomes include a potential 20% increase in water use efficiency, up to a 60% reduction in water transaction costs, increased transparency, and deeper insights into water usage compared to traditional water banks.
This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the foundation's intellectual merit and broader impacts review criteria.
Subawards are not planned for this award.
The broader/commercial impact of this Small Business Innovation Research (SBIR) Phase II project is to advance the United Nations Sustainable Development Goal (SDG) 6: clean water and sanitation, particularly in addressing water scarcity exacerbated by climate change.
By establishing a transparent and accountable platform for water rights trading, the outcomes of this Phase II project will enable efficient water allocation and management, fostering fairness, encouraging market participation, and empowering businesses to optimize water usage.
Moreover, it elevates the competitiveness of water-dependent industries such as agriculture, energy, and manufacturing.
The potential deployment of digital water markets across the USA could result in estimated daily savings of up to 64 billion gallons of water.
The culmination of Phase II's efforts will facilitate the fast deployment of digital water banks and markets, delivering significant benefits to all stakeholders involved.
This transformative project serves as a model for leveraging technology to create efficient and equitable water markets, offering a scalable solution that positively impacts water resources, public health, industry competitiveness, and sustainable development.
This Small Business Innovation Research Phase II project builds technology to manage digital water management and transactions.
Leveraging a pioneering SaaS-based solution, distributed ledger technology, and decentralized distributed file system (DDFS), this initiative integrates Internet of Things (IoT) and Supervisory Control and Data Acquisition (SCADA) sensors to provide comprehensive insights into water rights and usage patterns.
This Phase II project aims to refine the Phase I-developed solution by automating processes and seamlessly incorporating external devices like IoT and SCADA.
Rigorous testing in real-world scenarios will facilitate an iterative process of improvement until the proposed key performance indicators (KPIs) are achieved.
Successful completion of Phase II will yield a transformative solution, reshaping water banking and markets, acting as a potent policy instrument for enhanced water management, allocation, productivity, and availability.
Targeted outcomes include a potential 20% increase in water use efficiency, up to a 60% reduction in water transaction costs, increased transparency, and deeper insights into water usage compared to traditional water banks.
This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the foundation's intellectual merit and broader impacts review criteria.
Subawards are not planned for this award.
Awardee
Funding Goals
THE GOAL OF THIS FUNDING OPPORTUNITY, "NSF SMALL BUSINESS INNOVATION RESEARCH PHASE II (SBIR)/ SMALL BUSINESS TECHNOLOGY TRANSFER (STTR) PROGRAMS PHASE II", IS IDENTIFIED IN THE LINK: HTTPS://WWW.NSF.GOV/PUBLICATIONS/PUB_SUMM.JSP?ODS_KEY=NSF23516
Grant Program (CFDA)
Awarding Agency
Place of Performance
Salt Lake City,
Utah
84101-1179
United States
Geographic Scope
Single Zip Code
Wetx was awarded
Cooperative Agreement 2335191
worth $999,946
from in August 2024 with work to be completed primarily in Salt Lake City Utah United States.
The grant
has a duration of 2 years and
was awarded through assistance program 47.084 NSF Technology, Innovation, and Partnerships.
The Cooperative Agreement was awarded through grant opportunity NSF Small Business Innovation Research / Small Business Technology Transfer Phase II Programs (SBIR/STTR Phase II).
SBIR Details
Research Type
SBIR Phase II
Title
SBIR Phase II: R&D for Water Efficiency, Management and Markets Utilizing Distributed Ledger Technology
Abstract
The broader/commercial impact of this Small Business Innovation Research (SBIR) Phase II project is to advance the United Nations Sustainable Development Goal (SDG) 6: Clean Water and Sanitation, particularly in addressing water scarcity exacerbated by climate change. By establishing a transparent and accountable platform for water rights trading, the outcomes of this Phase II project will enable efficient water allocation and management, fostering fairness, encouraging market participation, and empowering businesses to optimize water usage. Moreover, it elevates the competitiveness of water-dependent industries such as agriculture, energy, and manufacturing. The potential deployment of digital water markets across the USA could result in estimated daily savings of up to 64 billion gallons of water. The culmination of Phase II's efforts will facilitate the fast deployment of digital water banks and markets, delivering significant benefits to all stakeholders involved. This transformative project serves as a model for leveraging technology to create efficient and equitable water markets, offering a scalable solution that positively impacts water resources, public health, industry competitiveness, and sustainable development.
This Small Business Innovation Research Phase II project builds technology to manage digital water management and transactions. Leveraging a pioneering SaaS-based solution, Distributed Ledger Technology, and Decentralized Distributed File System (DDFS), this initiative integrates Internet of Things (IoT) and Supervisory Control and Data Acquisition (SCADA) sensors to provide comprehensive insights into water rights and usage patterns. This Phase II project aims to refine the Phase I-developed solution by automating processes and seamlessly incorporating external devices like IoT and SCADA. Rigorous testing in real-world scenarios will facilitate an iterative process of improvement until the proposed Key Performance Indicators (KPIs) are achieved. Successful completion of Phase II will yield a transformative solution, reshaping water banking and markets, acting as a potent policy instrument for enhanced water management, allocation, productivity, and availability. Targeted outcomes include a potential 20% increase in water use efficiency, up to a 60% reduction in water transaction costs, increased transparency, and deeper insights into water usage compared to traditional water banks.
This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.
Topic Code
DL
Solicitation Number
NSF 23-516
Status
(Ongoing)
Last Modified 12/19/25
Period of Performance
8/15/24
Start Date
7/31/26
End Date
Funding Split
$999.9K
Federal Obligation
$0.0
Non-Federal Obligation
$999.9K
Total Obligated
Activity Timeline
Transaction History
Modifications to 2335191
Additional Detail
Award ID FAIN
2335191
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
Small Business
Awarding Office
491503 TRANSLATIONAL IMPACTS
Funding Office
491503 TRANSLATIONAL IMPACTS
Awardee UEI
MAT3ZBSNRMC3
Awardee CAGE
8LRB1
Performance District
UT-02
Senators
Mike Lee
Mitt Romney
Mitt Romney
Modified: 12/19/25