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 explores new possibilities in mining by bringing 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.


If you are a corporation, investor or industry expert interested in partnering with Prospect Mining Studio outside of our open call, please contact us.


Robotics & Automation in Mining                                  July 14, 2020 9:00 – 10:00am EST

Can robotics and automated processes help us reimagine mining? From extraction and transportation of materials, to the operational processes that control and monitor mining sites, advances in robotics present safer, more efficient ways to address mining’s biggest challenges.


Prospect Mining Studio – Exploring new possibilities in mining
  • 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
Open Call for Participants

Sep 13 – Dec 6, 2019

Prospect Mining Summit

Dec 11, 2019

Engage Phase

Jan – Jun 2020



Demo Day

Fall 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.


  • Mineral Discovery and Extraction
  • Energy Efficiency
  • Water Management
  • Sustainability and Closed Loop Production
  • Waste Recovery
  • Worker Performance and Safety
  • Data and Logistics Optimization


  • Computer Vision
  • Artificial Intelligence and Machine Learning
  • Robotics
  • Augmented and Virtual Reality
  • Synthetic Biology, Chemistry, and Material Science
  • Telecommunications and Networking
  • Industrial IoT
  • Geomechanics and Geometallurgy
2020 Cohort

Stony Brook, NY

Allied Microbiota develops microbes and their enzymes to clean-up environmental contamination, and create sustainable bio-chemicals. Their disruptive augmentation cultures have shown ground breaking results to treat PCBs, Dioxins and chlorinated compounds in soil and sediments.

Calgary, Alberta

Carbon Upcycling Technologies (CUT) converts CO2 gas emissions from point sources such as power plants into solid products. Their proprietary technology chemically absorbs CO2 emissions into exfoliated inorganic solids to create a portfolio of fine nanoparticles.


Zurich, Switzerland

CyanoGuard combines chemical sensing technology with a cloud-based data visualization and analysis solution that enables further integration of sensor data for holistic monitoring & optimization of cyanide usage in gold leaching processes.

Philadelphia, PA

Exyn Technologies develops autonomous aerial robot systems, also referred to as autonomous UAVs (unmanned aerial vehicles), for data acquisition and collection in complex, GPS-denied industrial environments.

Bhubaneswar, India

Innocule offers a range of proprietary additives, consisting of specialty chemicals and polymers to create products such as dispersants, dewatering aids, flow aids, and grinding aids that are customized to each customer, enhancing productivity and reducing ore processing costs.

Brooklyn, NY

To enable better computer vision development, LexSet has created TDaaS (Training Data as a Service), using 3D content to create photo-realistic synthetic data to train Vision AI models. The approach allows users to generate limitless amounts of training data on-demand.

Santa Barbara, CA

Lixivia has developed hydrometallurgical technology able to refine a large range of mineral mixtures which include low grade lime, dolime, various types of steel and iron slag, rare earth metals, and lithium. Lixivia enables their partners to capture more value from their minerals.


Vancouver, BC

LlamaZOO’s spatial business intelligence platform empowers organizations to stitch together data from across their operations and visualize it in the context of real-world locations.

Toronto, Ontario

Novamera is developing an integrated system using directional drilling equipment and imaging technology, called Sustainable Mining by Drilling (“SMD”), that can help define the geometry of mineral deposits followed by a precise excavation technique that is sustainable, safe and economic.

Sudbury, Ontario

Objectivity utilizes AI-based algorithms to improve the efficiency of resource conversion drilling during critical pre-production activity, reducing project development timelines & improving ROI.

Arnhem, Netherlands

OneWatt predicts and detects faults in industrial equipment by literally listening to motors using predictive AI and their Embedded Acoustic Recognition Sensors (EARS). Their non-intrusive solution saves industrial users, plant managers, and owners from unplanned downtime, revenue losses, and unproductive maintenance.

Woburn, MA

Phoenix Tailings offers an end-to-end, zero-carbon solution to sustainably harvest valuable metals from hazardous mining waste, leveraging untapped value within mining and refining waste, economically and sustainably.

Brooklyn, NY

Pliant Energy Systems conceptualizes, patents and develops highly novel technologies in the fields of marine robotics, propulsion, electricity generation, and pumping.


Rio de Janeiro, Brazil

RIO Analytics develops artificial intelligence applications to predict failures of industrial assets. By combining advanced industrial analytics and AI, RIO analytics has built a digital platform capable of predicting failures, reducing downtime and increasing operational efficiency.

Melbourne, FL

Tomahawk Robotics develops multi-domain collaborative robotic control solutions, serving security and defense, energy, infrastructure, and assistive robotics markets. Tomahawk’s products are built to safely work alongside people and work in unstructured environments.


Applications to Prospect Mining Studio are now closed. Please check back for program updates and future opportunities to get involved.


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.

Founding partners:

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.

Get In Touch

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.

Interested in joining the Prospect Mining Studio team? Prospect Mining seeks a creative, innovative Summer Associate to support the development of new business strategies and ventures spun out of the Studio that focus on cleantech applications and sustainability goals.

Apply here
Shivanand Salgaocar
Chairman & Managing Director, Vimson
Vivek Salgaocar
Director, Vimson
Swati Salgaocar
Director, Vimson
Sundar Singh, PhD
CTO Mining, Vimson
Shaun Stewart
CEO, New Lab
Satish Rao, PhD
CPO, New Lab
Lynn Fischer
CMO, New Lab
Mike Larhette
CBO, New Lab
Scott Cohen
Co-founder, New Lab
Jarrod Skuglik
COO, New Lab
Sheila Fakurnejad
Program Manager, New Lab
Hannah Max
Product Manager, New Lab
Neil Cohen
Founder and Co-CEO, American Rock Salt Company LLC
Roby Stancel
Partner, Innovation and Technology, VCI
Stephen Gorevan
Chairman, HoneyBee Robotics
Lesley Warren
Director, Lassonde Institute of Mining Professor of Mineral Engineering, University of Toronto
Scott Banta, Ph. D.
Professor of Chemical Engineering, Columbia University
Tom Gallo
Mining and Venture Advisor
Ian Gandel
Non-Executive Chairman, Alkane Resources Ltd
Gold Mining Reinvented: Maximizing gold recovery while minimizing cyanide consumption

Founded in 2016, CyanoGuard is Swiss-based chemtech startup dedicated to shaping the future of cyanide detection, monitoring and optimization for gold mining applications.

Four Questions for Founders | Carbon Upcycling Technologies

We caught up with Apoorv Sinha, CEO of Carbon Upcycling Technologies, who focus is on the conversion of CO2 gas emissions into solid products from point sources such as power plants.

First cohort of 15 startups get set for Vimson Group & New Lab’s Prospect Mining Studio

The startup teams in the 2020 cohort will now engage Vimson, New Lab and the supporting ecosystem of experts to progress towards clear milestones.

Prospect Mining Studio: Announcing our
2020 cohort

Prospect Mining Studio, a partnership between the Vimson Group and Newlab, is thrilled to announce the first cohort of startups for the 2020 program cycle!

Newlab, Vimson Prospect Mining Studio selects start-up cohort

Newlab and Vimson Group have confirmed the cohort of 15 new companies in the Prospect Mining Studio after choosing start-ups from across the world.

Prospect Mining Summit 2019: Bringing New Ideas to the Surface

On December 11th, New Lab convened a group of nearly 50 mining companies, cutting-edge startups, academic researchers, and industry experts for the inaugural Prospect Mining Summit.


Applications for Prospect Mining Studio’s first Open Call are now closed. However, we are always interested in hearing from teams eager to apply their frontier technology to mining. Fill out the form below to be considered for relevant future projects and cycles of the program.

  • 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
Applicant Name *
E-mail *
Organization Name *
Organization or personal website *
Where is your organization currently located? *
Which best describes your current funding stage? *
How much funding have you raised to date? *
Please briefly describe your technology or research *
Please describe the envisioned mining application for your technology *
Please describe your team’s background and roles, including links to each individual’s LinkedIn page *
Please list any prior academic, incubator or accelerator-style programs your team has participated in *
Any additional information or links you’d like to share?
Are you or a key technical stakeholder from your team available to participate in the Prospect Mining Summit on December, 2020? *