Over the past decade, the Sustainable Ocean Alliance (SOA) has transformed from a small dorm-room initiative into a global force in ocean conservation with leaders in 186 countries. Founded by Daniela Fernandez in 2014, the SOA helps emerging startups to land serious investment to drive innovation in tackling the challenges facing the world's oceans.
Fernandez's approach is grounded in the belief that economic viability is key to driving societal change toward environmental conservation. Environmental solutions must not only be sustainable but also “investable” to foster widespread adoption. Over time, the SOA’s accelerator program has evolved from a basic startup incubator to a professional network that provides these young companies with long-term support and industry connections. This shift included redefining its focus to key areas that represent their best chance to break through to the mainstream, such as Greenhouse Gas Reduction, Pollution Reduction, and Ocean Data and Literacy. This pivot reflects a maturation of the organization's mission as it seeks to make a more systemic impact.
As the market for ocean-related investments grows, SOA is refining its strategies to ensure that the impact is measurable. SOA has partnered with the Solar Impulse Foundation to launch the Ocean Solution Label, a rigorous certification that assesses the environmental impact of companies. This certification primarily targets investors, steering capital toward ventures that demonstrate substantial ecological benefits, and setting a bar in an industry vulnerable to superficial claims of sustainability.
Author: Mikaela Wang
Photo Credits: https://unsplash.com/@hiro0718
Authors
Expertise
Insights
-
Technology
Brick by Brick: How a New Wave of Products Is Fighting Back Against Screen Addiction
Smartphones have become integral to daily life, raising increasing apprehensions about their impact on attention, productivity and overall digital habits. As reliance on smartphones has grown, so has… -
Technology
Breaking and Entering (New Markets): How GTA is Disrupting the Tech Supply Chain
Developer Rockstar Games and publisher Take-Two Interactive recently opened pre-orders for Grand Theft Auto VI (“GTA 6”), marking the first franchise instalment in thirteen years. Since the launch of… -
Technology
How Sniff is Rethinking Local Social Networking
A new iOS app called Sniff is taking a different approach to social networking by connecting dog owners within the same neighbourhood. Rather than encouraging users to build broad online communities… -
Technology
Self-Driving Car Service, Waymo, has Eyes on Toronto
The fully autonomous ridesharing service, Waymo, is looking to add a new ridesharing option for Torontonians with self-driving vehicles. Waymo is a driverless taxi service where users can hail an… -
Technology
Is Honor Device Co. Honourable Enough to Win Canada Over?
Four years after Canada shut Huawei out of its 5G networks, one of its former subsidiaries is hoping for a second chance in the Canadian market. Honor Device Co., a Chinese consumer electronics… -
Technology
Xanadu Quantum: the Frontier of Practical Quantum Computing
Quantum computers have long been promised to reshape the leading edge of computing technology, facilitating machines capable of completing operations unthinkably time-intensive for classical computers…