Prospect Mining Studio supports startups of all stages, forward-thinking innovators and prominent researchers as they build, pilot and scale frontier technologies that will advance the natural resource and mining industries with a focus on sustainable and socially responsible solutions. A catalyst for change in the industry, the studio is a partnership between leading Indian mining conglomerate, the Vimson Group, and innovation hub, New Lab. Each 12-month program cycle brings together startups, entrepreneurs, mining industry experts, venture partners and leading academics from across the globe to define challenges, prototype rapidly, and implement pilots at mining sites, all while building efficiencies, measuring impact and disrupting the status quo.
Join us for the Prospect Mining Summit on Wednesday, December 11 at New Lab in Brooklyn, NY. RSVP here.
If you are a corporation, investor or industry expert interested in partnering with Prospect Mining Studio outside of our open call, please contact us.
- Bring together frontier technologies and applied entrepreneurship to address the mining industry’s most pressing challenges around efficiencies, future of workforce, data optimization and reducing carbon footprint
- Establish partnerships between mining industry leaders and innovators from startup and academic research communities
- Validate and advance technologies to market through piloting at mining sites
- Create unique investment deal flow to commercialize technologies and scale businesses that gain traction in the Studio
Sep 13 – Dec 6, 2019
Dec 11, 2019
Jan – Jun 2020
From Feb 2020
Prospect believes a range of emerging technologies will create impactful, scalable opportunities across the $1T mining industry. Prospect Mining Studio will touch all aspects of the mining value chain, including prospecting & surveying, exploration, mine design & planning, production, and mine closure & mitigation.
APPLICATION AREAS MAY INCLUDE
- Mineral Discovery and Extraction
- Energy Efficiency
- Water Management
- Sustainability and Closed Loop Production
- Waste Recovery
- Worker Performance and Safety
- Data and Logistics Optimization
TECHNOLOGIES MAY INCLUDE
- Computer Vision
- Artificial Intelligence and Machine Learning
- Augmented and Virtual Reality
- Synthetic Biology, Chemistry, and Material Science
- Telecommunications and Networking
- Industrial IoT
- Geomechanics and Geometallurgy
Prospect Mining is seeking teams globally that are building frontier technologies and developing transformative products that will positively impact the mining industry. Teams that meet the below outlined criteria are invited to submit applications before December 6th, 2019 to be considered for the first program cycle. Team selections will be made on a rolling basis.
- Have a technology relevant to at least one of the defined focus areas
- Have a team in place with technology expertise and/or be willing to work closely with an entrepreneur-in-residence
- Be able to commit to participation in the Engage and Pilot phases of the program
Prospect Mining seeks leading corporate and venture partners who are interested in helping drive innovation in the mining sector. Benefits of partnership include: engagement with a curated portfolio of talented technology entrepreneurs, participation in ideation workshops, access to cutting edge research, engagement with proof-of-concepts and prototypes for partner-driven challenges, and opportunity to participate in strategic investments.
If you are a mining industry leader, a researcher, or expert and would like to participate in our innovation studio focused on transformational technologies applied to the mining industry, please let us know.
The team is comprised of leaders from Vimson Group and New Lab, who are committed to fostering entrepreneurship and creating positive change through sustainable mining. The team also includes a diverse network of experts in both the mining industry and relevant technology domains who guide and advise participating innovators as they shape the future of mining.