WeavAir harnesses satellite data, advanced IoT sensors as well as predictive software to optimize ESG investment and operation of assets like buildings and fleets while improving safety and reducing emissions and carbon footprint.
Global traveler and originally from Europe, now Toronto-based chemical engineer Dr. Natalia Mykhaylova is on a mission to redefine how Canadians—especially property and landowners—approach sustainability and financial wellbeing. In a time of high inflation, rising utility bills, and increasingly unpredictable climate events, both wallets and infrastructure are under pressure. WeavAir offers a powerful, data-driven solution empowering users to cut costs, prevent losses, and unlock new income through carbon markets.
It’s climate-fintech in action—with measurable outcomes like 30% lower energy bills and tens of thousands of dollars in new annual revenue per site – and Natalia is just getting started. The company is an international winner of over 20 awards including the Clean50 Top Project, Le Monde Smart City Award, IoT/WT Innovation World Cup and WeGo Smart City Secretary General’s award.
WeavAir was recently selected to join Fintech Cadence’s 2025 Innovate Financial Health (IFH) Lab, a national program dedicated to supporting founders on a mission to improve the financial health of Canadians and Canadian businesses. Today, we sit down with Dr. Natalia Mykhaylova to learn what inspired her to start WeavAir—and how the company is helping Canadians thrive at the intersection of climate technology and financial resilience.
Tell us about your startup and what inspired you to start it.
WeavAir empowers Canadian property and farm owners to reduce operational costs and improve their financial wellbeing through innovative software.
Our digital twin technology helps users save energy, enhance efficiency, and unlock new revenue opportunities through participation in carbon markets. By leveraging satellite data, sensor networks, and AI-powered predictive analytics, WeavAir delivers actionable insights that not only drive sustainability but also create measurable economic value for Canadians.
What drew you to entrepreneurship and what energizes you to pursue WeavAir even when things aren't going as planned?
I was drawn to entrepreneurship by a desire to create meaningful, scalable impact and bridge the divide between science, technology, and real-world change. As a researcher and innovator, I grew frustrated with seeing cutting-edge environmental solutions stuck in labs or reports, without ever reaching the people who needed them most—farmers, property owners, city planners.
Entrepreneurship gave me the freedom and responsibility to act. It enabled me to build a multidisciplinary team, turn complex data into actionable tools, and empower people to make better decisions for their communities and the planet. Since founding WeavAir, I’ve seen how innovation—when deployed effectively—can reduce costs by up to 30%, improve efficiency by 20%, and create entirely new sources of income for under-resourced stakeholders.
In short, entrepreneurship allowed me not just to invent, but to implement, and ultimately to inspire others to do the same.
What keeps me going is the impact—we’re not just building software; we’re helping real people reduce their energy bills, increase their income, and protect their land and property from climate risks. Knowing that our work can help a Canadian farmer generate new revenue from carbon credits, or help a building owner cut emissions while saving tens of thousands of dollars, gives me purpose even on the toughest days.
Challenges are inevitable, especially when you’re creating something truly new. But every time a client tells us that our technology helped them avoid a major loss or access new funding, it reignites our drive. It reminds me that our work is needed now more than ever. Climate change won’t wait—and neither can we.
I also draw strength from our data: when I see that we’ve helped reduce over 25 million metric tons of CO₂ annually, or delivered 10x faster insights than legacy systems, it’s proof that perseverance pays off. Innovation takes grit, and even setbacks are part of building something that can transform industries and improve lives at scale.
How do you interpret your success? What about your failures?
For me, success means creating value that’s measurable, meaningful, and scalable, especially for people and communities that need it most.
As for failures, I interpret them as feedback—signals that something needs to change, evolve, or be better understood. Every setback has helped sharpen our solution, challenge our assumptions, and grow our resilience. For example, early on, we underestimated the complexity of integrating with legacy systems in industrial facilities. That experience led us to develop a more modular and interoperable platform—now one of our key advantages.
I believe failure is not the opposite of success; it’s part of the process of building something worth doing. Each failure makes our solution stronger, our mission clearer, and our team more prepared to scale.
What inspires you when it comes to finding a solution to help the financial health of Canadians?
What inspires me most is the opportunity to empower everyday Canadians—especially farmers, property owners, and small business operators—to take control of their financial future through sustainability. In a time of rising energy costs, climate uncertainty, and economic pressure, many Canadians are looking for solutions that not only reduce expenses, but also create new income opportunities.
Our work at WeavAir directly addresses this. We help Canadians lower utility costs by up to 30%, access new revenue from carbon credits, and make smarter decisions with AI-powered insights. Seeing these outcomes—where climate action and financial well-being go hand in hand—motivates me deeply.
I’m inspired by the resilience and ingenuity of Canadians who are ready to adopt innovative tools to build wealth while protecting the environment. It proves that financial health doesn’t have to come at the cost of sustainability—in fact, it can be powered by it.
And to follow, what unique financial health challenges or opportunities do you see happening in the Canadian market?
The biggest opportunities in fintech lie in bridging financial wellbeing with climate resilience. As sustainability becomes a core driver of value, we’ll see massive growth in:
→ Climate-fintech tools that monetize carbon savings and environmental assets—unlocking new income streams for individuals, farms, and businesses.
→ Embedded finance in non-financial platforms (like agtech, real estate, or energy efficiency software) that simplify financial decision-making and open up new business models.
→ AI-powered financial coaching and risk assessment, offering personalized, predictive insights to improve budgeting, savings, and credit access.
WeavAir is already at the intersection of these trends—helping Canadians generate revenue from carbon credits and optimize energy spending through predictive software.
As per the challenges:
High energy costs and inflation are putting pressure on homeowners, farmers, and small businesses—reducing disposable income and increasing vulnerability to unexpected expenses. Rural and remote communities often lack access to affordable financial tools, digital infrastructure, and sustainability programs, making it harder to build long-term financial resilience.
Climate risks such as wildfires, floods, and droughts are intensifying, creating hidden financial liabilities for property and landowners, many of whom lack data to quantify or mitigate these risks. The biggest challenges will be:
→ Data privacy and regulation, particularly around ESG scoring, carbon markets, and digital asset use.
→ Digital literacy and accessibility, ensuring that new fintech tools are inclusive, intuitive, and equitable—so that rural communities, older adults, and low-income users aren’t left behind.
To succeed, fintech must go beyond convenience—it must create measurable value, reduce inequality, and support a resilient future. That’s where the real innovation lies in 2025 and beyond.
What's the best career advice you've ever received?
“Don’t wait for the perfect conditions to start—start with what you have, and improve as you go.”
This advice helped me launch WeavAir even when the vision was bigger than the resources at hand. It taught me that progress beats perfection, and that resilience, adaptability, and continuous learning are far more important than waiting for everything to align. That mindset allowed me to build a global climate-tech company from the ground up, expand across multiple continents, secure over 20 innovation awards, and deliver millions of dollars in energy and emissions savings—all while learning, adapting, and growing every step of the way.
For all the aspiring entrepreneurs out there, what advice would you give to someone who is thinking about starting their own startup? What book(s), podcast(s) or movie(s) do you highly recommend?
Start with a problem you truly care about—and be ready to commit to solving it, even when it gets hard. Passion gives you purpose, but it’s persistence that turns ideas into impact.
Don’t wait until everything is perfect—launch early, learn fast, and stay close to your users. The best insights come from real-world feedback, not assumptions. Your first product won’t be your final one, and that’s okay. What matters most is listening, iterating, and staying focused on delivering real value.
Also, build a support system—mentors, advisors, a strong team. Entrepreneurship can be lonely, but you don’t have to do it alone. Surround yourself with people who challenge you, believe in your vision, and help you grow.
Lastly, remember: failure isn’t the end, it’s information. Every obstacle is a step toward innovation. The journey will test you, but it’s also one of the most rewarding ways to make a difference in the world.
As per the recommendations:
Book – “The Lean Startup” by Eric Ries. This book fundamentally shaped how I approach building and scaling WeavAir. It teaches you to focus on validated learning, experiment quickly, and adapt fast—all critical when building a startup with limited resources but ambitious goals. It helped me turn uncertainty into strategy.
Podcast – How I Built This with Guy Raz. This podcast offers raw, behind-the-scenes stories of some of the world’s most successful entrepreneurs. It’s not just inspiring—it’s grounding. It reminds me that every founder, no matter how successful, faced setbacks, pivoted often, and learned through trial and error.
What are you most proud of?
I’m most proud of building a company that turns climate action into real economic value for everyday people—not just policy or promise, but measurable impact.
With WeavAir, we’ve helped clients across four continents reduce over 25 million metric tons of CO₂ annually, cut energy costs by up to 30%, and unlock new revenue through carbon markets—all through accessible, scalable technology. That means a farmer in rural Canada or a building manager in Asia can both benefit from the same AI-powered insights to improve their financial and environmental health.
I’m also incredibly proud of the team behind this mission—scientists, engineers, and strategists from diverse backgrounds who believe in creating a better future through innovation. Together, we’ve won 20+ international awards, secured pilots with global leaders, and proven that purpose and profitability can go hand in hand.
But above all, I’m proud that WeavAir is empowering people—giving them the tools to take charge of their future, reduce risk, and thrive in a changing world.
Finally, what’s next for WeavAir?
We’re entering one of the most exciting growth phases at WeavAir. In the next 12 months, we’re scaling our climate-fintech platform across Canada, Southeast Asia, and Europe, helping property owners and farmers tap into carbon credit markets, reduce energy costs, and future-proof their operations.
We’re also launching a new predictive analytics module powered by satellite Earth observation and AI, designed to deliver 10x faster and more accurate climate and emission insights. This will support not only individual clients but also governments and financial institutions working to meet net-zero goals and ESG regulations.
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