Social Impact — 7 Market Developments
If there has ever been an audacious goal, it’s in the space of social impact entrepreneurship. The goals in this space are ultimately those of humanitarian concern.
Get into this space and you’ll be looking to: reverse Climate change and global warming, fossil fuel emission, plastic pollution, income inequality, water, and food scarcity, not to mention social structures that manifested these issues; It is an intense space!
Social Impact is a space for people who are switched on intellectually, care deeply about our human species, know that politics is not working fast enough, have good self-care routines, are great net-workers and understand how business can play a vital role in addressing these issues before time runs out by 2030 when climate change and global warming become irreversible.
Since 2008, I’ve been to numerous events related to this space, in person and online. I want to let you know that I am more optimistic now than I ever have been!
Seven Developments to Be Aware Of
I) The International Society of Sustainability Professionals is a well established and professional global network. I’ve been to a few of their events in the US over the years and they’ve grown into quite a vast and well-connected group of individuals.
II) Shrilk is patented property of the Wyss Institute at Harvard University. They have developed a process for turning chitosan, a derivative of chitin (which is a long chain polymer found in seashells insect shells and mushrooms) into a nutrient dense plastic replacement that can actually be amended into soil and foster new plant growth. The only problem with this technology is that the raw material is currently very expensive. That is why I commissioned the develop of a trade secret for chitin duplication, so that something like Shrilk would become commercially viable.
III) Desalitech is an ocean water to drinking water conversion company and from what I can see, on the global stage, is the most cost-efficient, and electricity efficient, robust businesses that can increase available drinking water.
IV) In academia, Professor Javier Gomez Fernandez was one of the researchers behind Shrilk, he has gone on to develop methods of using chitin derivatives to 3D print wind turbines. This could be incredibly useful in conjunction with Professor Mark Z. Jacobson’s plans for offshore wind development. Jacobson’s research is incredibly interesting because as the offshore wind turbines turn to make electricity, in his computer models, approaching storms lose some of their strengths and can actually reduce damage from hurricanes while making large amounts of electricity. Chitin plays a role in offshore wind because wind turbines can be built much stronger than current designs, as some derivatives of chitin have tensile strength ten times higher than steel. There’s also active ongoing development of offshore wind turbines along the east coast. Ultimately the plan is to build wind turbines about 20 miles offshore from Maine to Georgia. There’s an organization that formed around some of Jacobson’s work at. My favorite resource of their’s is here.
V) There’s currently a startup competition going on in regards to converting gaseous carbon dioxide to calcium carbonate. This material is a sand-like substance. Note that in the competition stage, they’re using fossil fuel sources for their carbon dioxide because it is concentrated, while they are working towards converting atmospheric carbon dioxide (which is absolutely necessary given how devastating excessive CO2 is).
VI) In conjunction with the above competition, there is MacRebur which is working to take waste plastic, post-consumer plastic, possibly even ocean plastic, and make it into road resurfacing materials. They already have a bunch of contracts in Europe and they’ve just received a few more in the United States. If the startups from the competition, MacRebur, and the ocean cleanup project (currently collecting the Pacific garbage patch) work together, the Earth’s excess carbon dioxide and waste plastic could be used to build and resurface roads.
VII) Millionaires and billionaires that care about the individuals’ life story are getting very interested in making social impact investments as they also recognize their connection to humanity.
All in All:
From my perspective, in collaboration with activist communities (NGOs, non-profits and other networks) and the social impact market, I believe it is more likely than not, that our species will reverse climate change and global warming before 2030, at a rate that will cause us to avoid runaway climate change and global warming, while using the existing social structures of democracy and capitalism.