NEWS

Discover the latest news from SOMA, our clients, relevant industries and beyond.

BC Business: Why B.C. venture capitalist Mike Winterfield is betting on seed-stage climate startups
Client News Bridget Irwin Client News Bridget Irwin

BC Business: Why B.C. venture capitalist Mike Winterfield is betting on seed-stage climate startups

Winterfield’s North Vancouver firm, Active Impact Investments, is pumping up climate tech innovators

Why would a tech executive leave their position to start an environmental investment firm?

“Equal parts being terrified and motivated to do something about climate change,” says Mike Winterfield, founder and managing partner of North Vancouver-based Active Impact Investments. In 2017, Winterfield left his position as COO of Burnaby-based software company Traction on Demand (and president of its recreation management system spinoff, Traction Rec) to start his own impact-focused investment firm. Last year, Traction was acquired by Salesforce.

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BNN Bloomberg: Strong government support, but fewer VC opportunities for Canadian climate tech startups
Client News Bridget Irwin Client News Bridget Irwin

BNN Bloomberg: Strong government support, but fewer VC opportunities for Canadian climate tech startups

As Canada pushes for a greener economy in the race to net zero emissions, industry players say government funding for climate tech is strong – but gaps still exist when it comes to investment opportunities for early-stage companies.

Mike Winterfield, a founder and managing partner at venture capital firm Active Impact Investments, said in an interview with BNNBloomberg.ca that Canada’s climate tech start-ups are “a bit underserved from a financing standpoint.”

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Microfiber plastic pollution found in the Antarctic
Client News Bridget Irwin Client News Bridget Irwin

Microfiber plastic pollution found in the Antarctic

Ocean Legacy Foundation (OLF), a Canadian non-profit organization that develops and implements worldwide plastic pollution programs with the goal to end ocean plastic pollution, today released results from their plastic pollution study that took place in Antarctica in partnership with Ocean Geographic from February 12-23, 2023, as part of the most recent Antarctic Climate Expedition 2023 (ACE 2023).

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2022 NATIONAL RESULTS FOR USED OIL RECOVERY: UOMAs have recovered 83.6% of used oil available for collection in Canada
Client News Bridget Irwin Client News Bridget Irwin

2022 NATIONAL RESULTS FOR USED OIL RECOVERY: UOMAs have recovered 83.6% of used oil available for collection in Canada

Taking care of our environment and minimizing waste is crucial for a sustainable future. That’s why the Used Oil Management Associations (UOMA) are proud to report that they’ve collectively recovered 83.6%* of used automotive oil available for collection according to 2022 data. The recovery of used oil conserves valuable, non-renewable resources. These positive results provide encouragement for ongoing efforts to promote sustainable practices in Canada.

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Vancouver boy paying it forward after surviving the fight of his life
Client News Bridget Irwin Client News Bridget Irwin

Vancouver boy paying it forward after surviving the fight of his life

Nick Cannon is gearing up for a running race to support a cause close to his heart. Over the past few years, Nick spent more than 170 days in hospital battling a rare form of stage 4 cancer. Since then, Nick and his family have made it their mission to give back and help support other children going through the fight of their lives. Nick will be running this Sunday in the RBC Race for the Kids.

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