This evening I had a fascinating conversation with Subhi Alsayed of Tower Labs. If you haven’t yet heard of Tower Labs, I would encourage you to check them out. Here’s their mission statement:
Our mission is to facilitate the adoption of green building products, technologies and practices through pilot and demonstration projects in highrise buildings; and accelerate the evolution to a low-impact, sustainable urban environment.
What they do is test out new green building technologies in one-off condominium suites. And since they were founded by both MaRS and Tridel (which is one of, if not the largest condo developer in Toronto), they have plenty of opportunities to do just that.
This is important because the real estate industry is notoriously slow at innovating. I’ve written about this many times before. Whenever you try and introduce something new, there’s always a lot of change management that goes along with it. The construction trades, to use one example, need to get their heads around it. And until they do, they’re going to charge a premium for it.
So by creating a one-off test case, everybody gets to see how it works, how it is built, and, most importantly, how it actually performs in the real world.
One of the projects that they’re working on is something called NetZED, which stands for Net Zero Energy Dwelling. As the name suggests, it’s a condominium suite that produces as much energy as it consumes.
The way it works is by trading energy. At night when the sun isn’t out and the panels on the roof aren’t able to produce energy, the suite “borrows” electricity from the building. But during the day when the sun is out, the suite powers itself and then returns any borrowed electricity to the building. Click here
This October 8th and 9th (2015) in Toronto, CityAge will be hosting a summit at the MaRS Discovery District called, Build the Future. The goal is to explore the future of Canada’s economic powerhouse.
Here’s a little bit about CityAge:
CityAge is a platform for ideas and business development, designed to enable new partnerships among the business, government and societal leaders who are shaping the 21st Century.
Founded in 2012 in Vancouver, Canada, our events have taken place, or are scheduled, in New York City, Hong Kong, Toronto, London, Los Angeles, Seattle, Edmonton, Philadelphia, Kansas City, Ottawa, Vancouver and The Waterloo Region in Canada.
To date more than 4,000 leaders
MaRS has just launched a Social Venture Exchange (SVX) here in Toronto in collaboration with the TMX Group. And I’m proud to announce that TAS is a founding venture member.
Here’s the mission of the SVX:
"The SVX is a local, impact first platform connecting impact ventures, funds, and investors in order to catalyze new debt and equity investment capital for local ventures that have demonstrable social and/or environmental impact, including nonprofits, co-operatives, and for-profit corporations."
The focus of the SVX Is on triple bottom line accounting. So it’s very well aligned with the philosophy of TAS. However, I like to think of our "four pillars" as a kind of quadruple bottom line framework. In addition to measuring social, environmental and economic impact, we also care about