Big step is Australia’s first impact venture fund, and they use this newsletter to showcase the ideas and companies that intrigue and inspire them and broaden their own thinking about impact business.
Here’s what they have to say this week:
Taste climate change. For most people, climate change will come first on your plate, as you’ve probably noticed from the $12 heads of lettuce caused by increasingly volatile weather conditions (so long, BLT).
While many understandably loathe the “so big it’s conscious” GMO broccoli, journalist Amanda Little makes a convincing case that 1) it’s not that scary, and 2) that we should embrace it.
Regenerative, biological practices are undoubtedly key to reducing emissions and making climate-sinner agriculture a saint by storing carbon in the soil.
But we’ll have to combine it with a bit of that scientific food voodoo (foodoo?), which already has enabled us to make more with less to adapt to an already more volatile environment.
dr. Bezos will see you now. In the biggest move yet from big tech to healthcare, Amazon purchased One Medical, a membership-based primary care provider, for: US$3.9 billion.
Obviously the big A is drooling over the sheer size of the $1.5 trillion (with a T) wellness market, as they have built a portfolio of pharmacy and telehealth services in the Amazon Care division.
But it got us thinking about how a company that has made its fortune mining unregulated consumer data and logistics will add value as your local doctor, where data is highly regulated.
Megatrends to watch (mega). CSIRO has its . released megatrends report extends binoculars to 2042.
Among the well-worn tales of a more digital, autonomous world where we’ll have to do more with less, we love that more ‘human’ (ie diverse and transparent) decisions have been elevated to megatrend status, and sadly unsurprised that adapting to a changing climate the list.
In more hopeful news, Climate Tech VC reports strong US$18.5b half year for new climate solutions, with breakthrough stars, including the climate data and carbon avoidance sectors.
For on the road
The price tag to avoid a climate apocalypsee… could be lower than you might think, according to historian Yuval Noah Harari.
To be math suggests that an investment of just 2% of the world’s GDP would be enough to prevent catastrophic climate change (for the record, that’s about $1.68 trillion right now). As John Treadgold of OnImpact points out, we have the capital, it just comes down to priorities.
Recognition for indigenous environmental practices. Regulators are now paying tribute to the ways Indigenous Australians have managed the environment. As Grist points outthis was loud and clear in the last one Report on the state of the environmentwhich painted a stark picture of Australia’s existing environmental management policies.
Fiber to the brain. A brain-computer interface startup in the US has received its first patent, paving the way for future innovations in neuropathic connections to devices. Founded in 2016, Synchron has created technology that allows connection to the brain without cutting through the skull or damaging tissue. The company has already introduced the link to four patients in Australia and is now pursuing further development in the US.
What is a B-Corp worth? In an effort to quantify the impact of how consumers view B-Corp certification, which found that B-Corp companies on their platform receive 3x the number of sales than their counterparts. B-Corps generally also score higher on who’s?
Save now, buy later. Up Bank launched a BNPL rival called Maybuy that is for the purpose helping people save money so they can buy the things they can really afford (and avoid debt to BNPLs through impulse purchases that they may later regret).
A spoonful of money helps make the medicine. National Biotechnology Incubator CUREator has announced its first cohort of 23 companies that make medicines that combat diabetes, cardiovascular disease and cancer, among other things.
An increase for clean real estate…The climate proptech fund Fifth Wall has redoubled its mission to decarbonise real estate, raising a new $500 million. This is exciting news for a hugely carbon-intensive sector that is dramatically underexposed.
And finally a poo dunnit… All the brides Helen Mclaughlin and Karen Whitehouse want to know is who was daring enough to loosen their guts on their special day. And they’ll do everything they can to find out, including polygraphs, guest integrations, and bringing in forensic experts.