IMPACT STARTUPS YOU SHOULD KNOWSocial impact ventures are companies that are driving positive social and environmental impact while generating the potential for financial return. At SFF, impact ventures and funds working in a range of sectors including cleantech, food, health, education and affordable housing will take the stage for a chance to win $50,000. Here are eight you should know:
- CoPower is an online marketplace for investing in clean energy infrastructure. They make it easy for investors to align their portfolio with their values by investing in energy efficiency and renewable energy generation projects that offer solid returns and predictable cash-flows, along with measured social and environmental impact.
- Cyclica improves efficiency in the development of better and safer drugs, nutraceuticals ingredients and personal care products through a data integration platform that simulates the interaction of compounds.
- Ecotierra develops large-scale forestry and agricultural projects that generate top-quality carbon credits—helping sustainable development with both environmental and socio-economic impacts.
- Higher Ed Points help students, parents and donors convert loyalty points, specifically Aeroplan Miles, into funds to offset educational fees like tuition and government loans.
- Komodo OpenLab created the Tecla, a set of hardware and software tools that helps people with physical disabilities who are unable to use touchscreens. Tecla allows its users to interact with smartphones and tablets via adaptive controls they already use such as wheelchair joysticks, buttons or sip-and-puff controllers.
- Learning Bird is an online application that combines smart technology with engaging digital lessons. Lessons are created by teachers to match the best lessons to each student.
- MEMOTEXT uses state of the art mobile and digital technology to empower patients with the education they need to take an active role in their healthcare. With a multi-disciplinary and adaptive platform, Memotext uses psychology to create positive behaviour change.
By: Muska Ulhaq, Program Coordinator at MaRS Centre for Impact Investing and Interim-Managing Editor of SocialFinance.ca