Slater invests in water purification startup that won 2015 R.I. Biz Plan

PROVIDENCE – The Slater Technology Fund has invested $50,000 in local water technology company HMSolution Inc.

The company, co-founded by Brown University graduate and CEO Margaret Lengerich, has created technology designed to remove eight of the most common heavy metals in drinking water at a cost lower than traditional filtration methods and without the addition of other chemicals to the water being treated.

HMSolution was recently named the winner in the Energy and the environment division of Providence Business News’ Fastest-growing & Innovative Companies recognition program and will be honored at a Sept. 21 event along with the other program winners. The company also was the winner of the entrepreneur track of the 2015 Rhode Island Business Plan Competition, for which it received $66,200 in prizes, including a $25,000 bonus cash award, as well as an additional $15,000 in cash and $26,200 in professional and consulting services.


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