He founded the clean-tech advisor at MaRS Discovery District in Toronto and is Co-Founder and Managing Partner at the privately backed ArcTern Ventures.
[10] He is also a managing partner of ArcTern Ventures,[11] a fund that provides early-stage risk capital to the most promising MaRS clean-tech companies, and he sits on the boards of Morgan Solar, Hydrostor, Polar Sapphire,[12] Woodland Biofuels, MMB Research, Environmental Defence Canada, and Cape Farewell.
In 2007, Rand and his business partner Anthony Aarts began renovations on an abandoned building in Toronto, which in January 2011 became the Planet Traveler hotel.
[17] Rand has appeared on Canadian TV shows[18][19][20][21][22] and is a frequent public speaker on the science, politics, and economics of climate change, as well as clean technology, venture capital, and innovation.
[35] The organization's president, Jed Goldberg, said at the time, "Tom's work in promoting solutions to address climate change is legendary.