Prospect Mining Studio is a first-of-its-kind platform for Applied Innovation, Investment, and Venture Creation across the metals and minerals mining value chain. We are focused on solving critical challenges for the production, supply and use of bulk and critical ores and metals, while advancing global energy and carbon reduction goals.

We explore new possibilities across the metals and mining value chain 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. Prospect Mining Studio exists to disrupt the status quo and create mining-led impact.

A joint venture between Newlab and Vimson Group

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Newlab is a center of invention that mobilizes people, capital, and collective intelligence to address pressing challenges in energy, mobility, and materials.

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Vimson owns and operates one of India’s oldest iron ore mining companies, responsibly transforming natural resources into prosperity for the entire community.

We convene key stakeholders across mining and adjacent industries to build, pilot, and scale transformational technologies at every stage of the value chain.

APPLIED INNOVATION

Co-design and investigate a problem with mining partners, then source and apply novel technologies through pilots and demo-scale deployments

INVESTMENT

Unlocking long-term value and impact by investing in and advising deal flow that is de-risked through the studio

VENTURE CREATION

Build companies and commercialize technology from the ground up against identified whitespaces and industry gaps

FOCUS AREAS

There are opportunities to change, evolve and disrupt the entire metals and minerals value chain. Below are some illustrative examples of industry focus areas and technology needs that we are looking to address. These ideas are not exhaustive.

If you are developing a technology that increases the supply of ores and metals, promotes sustainability and energy efficiency in mining, or reimagines the use of metals and minerals, we want to collaborate with you.

1

MATERIAL SUPPLY

Enabling the production and supply of metals from primary and secondary resources

Resource discovery and ore characterization

Metals recovery and recycling from tailings, e-waste, water and other secondary resources

Metal extraction techniques (e.g. DLE, biological, in-situ recovery, etc.)

2

MATERIAL SUSTAINABILITY

Reducing lifecycle emissions, energy and water consumption, and remediating the environmental impacts of mining

Decarbonizing iron ore and steel production

Alternative energy propulsion systems & electrification for heavy duty equipment

Soil biome restoration

3

MATERIAL CO-DEVELOPMENT

Co-creating novel and diverse market applications for metals beyond traditional use-cases

Energy storage chemistries, including cathode / anode materials or manufacturing techniques

Nano-materials for magnets

Novel electrolysis and fuel cell catalysts

We are actively looking for technologists and startups to apply to join Prospect Mining Studio.

Applying to be a part of our Studio allows the team to systematically engage with technology companies that are building solutions that can be applied to the metals and minerals mining industry. With an initial understanding of your technology solutions through the submission, Prospect Mining Studio will be able to design tailored support plans for selected companies focused on technology development towards commercialisation, strategic connectivity within the industry, and investment.

Prospect Mining Studio will review submissions monthly and invite companies soon thereafter to engage with the Studio team. Our team will be offering introductory calls to answer any questions regarding the Studio, our mission, and focus areas.

Sign up to schedule time to speak with Prospect Mining Studio’s Director of Applied Innovation, Sahil Jain and learn more.

Schedule an Intro Call

If you are a technology company developing novel innovation and science that can address the opportunities above, we want to hear from you. We are open to working with technologies at any stage and encourage companies from adjacent industries to apply.

Prospect Mining Studio team will work closely to help companies enter and scale in the mining industry. This will include developing technical requirements and understanding the conditions of the mining environment for companies in adjacent markets. We co-develop relevant use-cases, based on mining needs, to help companies realize the potential to expand their technology in the mining sector.

We work closely with startups to design pilot projects and accelerate customer acquisition. Prospect Mining Studio can connect teams to potential partners based on commercialization progress, business model and go-to-market strategy.

Applicants will benefit from Prospect Mining Studio’s deep industry knowledge. Our team has active mining experience and can provide unique intelligence around operational scenarios and potential for technology scale-up and integration within mines.

Teams that are invited to join the Prospect Mining Studio will receive targeted support to accelerate their technological development and market fit. Prospect Mining Studio does not take any equity from startups to engage in the Studio. Teams will receive:

Access to mining experts

Engage with Vimson, Newlab, and our bench of industry experts to consult on technology commercialisation, relevant and new use-cases, go-to-market strategies, and customer acquisition.

  • Access on-demand experts with a diverse range of technical and functional expertise 
  • Tap into Prospect’s extended network to solicit additional perspectives on technology scalability and pilot project opportunities

Consideration for investment

Receive consideration for equity investments, non-dilutive pilot grants, and support to go after public funding opportunities based on fundraising needs and strategic priorities

  • Connect with Prospect’s investment team and/or receive referrals to other investors in our network 
  • Influence Prospect’s approach to public funding opportunities and join Newlab-led coalitions to secure non-dilutive capital

Invitations to hosted events

Gain access to and participate in regular Studio and external events, and periodic webinars to influence and shape the innovation agenda for mining

  • Join the Prospect Mining Studio annual symposium and actively engage with relevant capital providers, commercial partners, and/or government entities 
  • Participate in other periodic events that convene smaller groups of Prospect Mining Studio stakeholders for targeted engagement

Features in published content

Garner exposure through centralized thought leadership that the Studio platform will amplify through its network to drive innovation activity across key areas

  • Co-author thought leadership pieces, in partnership with Prospect Mining Studio, that represent a unique perspective on a topic of mutual focus within mining (e.g. through WEF, International Mining, etc.)
  • Feature in a whitepaper or other Prospect Mining Studio-led content that will be leveraged as a call to action for additional partners and/or projects
APPLY NOW
PARTNERS

Our partners leverage the Prospect Mining Studio to tackle complex industry challenges and future-proof their operations

Improving metal extraction and increasing throughput while reducing energy and water consumption

  • Selective rock fragmentation to minimize waste production
  • Energy efficient electromechanical comminution techniques
  • Synthetic biology and novel green chemistries for preconditioning ore bodies

Digitizing mining operations to maximize production efficiency and promote safety

  • Computer vision and machine learning technologies to enable predictive maintenance of mobile equipment
  • Autonomous drone systems for Simultaneous Localization and Mapping (SLAM) in underground and hazardous environments

Characterizing primary and secondary ore resources to economically improve extraction potential

  • Magnetic surveying solution to reduce exploration and drilling costs
  • Optimizing resource drilling programs using machine learning
  • Zinc tailings and bauxite residue re-mining

Prospect Mining Studio seeks leading academic, corporate and venture partners who are interested in helping drive innovation in the mining sector. 

Our Startups

As part of the Studio, these startups will work to define critical gaps in the mining industry, develop prototypes, and pilot their solutions at mining sites in order to solve the industry’s most significant sustainability challenges and reduce waste streams across the mining value chain. The Studio’s focus areas include: reducing operational costs, improving the energy efficiency of ore processing, and establishing alternative, low-carbon energy storage infrastructure.

Espoo, Finland

Houston, USA

Montreal, Canada

Lexington, USA

Radebeul, Germany

Cambridge, USA

Newcastle, Australia

Houston, USA

Potsdam, Germany

San Francisco, USA

Sherbrooke, Canada

Essen, Germany

Stony Brook, USA

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Zurich, Switzerland

Philadelphia, USA

Bhubaneswar, India

Brooklyn, USA

Santa Barbara, USA

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Vancouver, Canada

Toronto, Canada

Sudbury, Canada

Arnhem, Netherlands

Woburn, USA

Brooklyn, USA

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Rio de Janeiro, Brazil

Melbourne, USA

APPLY

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

Team
Vivek Salgaocar
Director, Vimson
Sundar Singh, PhD
CTO Mining, Vimson
Satish Rao, PhD
CPO, Newlab
Roby Stancel
Partner, Innovation and Technology, VCI
Carlos Trevino
VP of Innovation Studios | Newlab
Sahil Jain
Director of Innovation Studios | Newlab
Christopher Ioffreda
Design Strategy Lead | Newlab
Advisors
Lesley Warren
Director, Lassonde Institute of Mining Professor of Mineral Engineering, University of Toronto
Scott Banta, PhD
Professor of Chemical Engineering, Columbia University
Carl Weatherell
Executive Director & CEO, Canada Mining Innovation Council (CMIC)
Janice Zinck
Director, Green Mining Innovation, Natural Resources Canada
Michelle Ash
CEO, GEOVIA
Hal Stillman
Technology Commercialization and Venture Advisor
News
Prospect Mining Studio Announces 2021 Cohort of Startups Selected to Advance Sustainability in Mining

The 12 startups selected to join the Studio will apply sustainable and socially responsible technology solutions to the mining industry.

Kal Tire & Pitcrew AI team up to bring mines autonomous tire inspections

Kal Tire and Prospect cohort member Pitcrew AI will bring mines autonomous detection of hot tires, tire separations, and other tire and mechanical damage any time, anywhere, and without the vehicle needing to stop.

Webinar: The Energy Transition in Mining

The global energy transition hinges on a mining industry that is actively deploying disruptive innovation to abate its carbon footprint.

Novamera secures funding for a field trial of Sustainable Mining by Drilling (SMD) technology

Novamera has closed its $4 million Series A financing round, providing the necessary funds to carry out the first full field trial of its (SMD solution for narrow-vein mining.

Winners of the $20M NRG COSIA Carbon XPRIZE Announced

XPRIZE has announced that CarbonCure Technologies, CarbonBuilt, Carbon Corp, and Prospect Mining Studio cohort startup Carbon Upcycling have won the $20M NRG COSIA Carbon XPRIZE, a prize that set out to convert CO2 emissions into valuable products.

Exyn Integrates Data into Sandvik OptiMine®

Exyn Technologies has expanded its partnership with Sandvik Mining and Rock Solutions to integrate Exyn’s data into Sandvik’s analytics and process optimization suite, OptiMine®.

Novamera Evaluates Sustainable Mining by Drilling Technology at Hochschild’s Peru Mine

Novamera has partnered with Hochschild Mining, a leading precious metals company in order to advance insight into the development of Novamera’s surgical mining technology, Sustainable Mining by Drilling (“SMD”).

Prospect Mining Studio Invests in CyanoGuard to Advance Sustainability and Efficiency in Gold Mining

Prospect Mining Studio announces a half-million-dollar investment in its cohort member company CyanoGuard, the Switzerland-based chemtech startup shaping the future of cyanide detection for the gold mining industry.

Prospect Mining Studio Virtual Summit 2020 - Recap

On December 3rd, Prospect Mining Studio virtually brought together mining companies with forward-thinking startups worldwide to ideate on mining challenges and share insight into concepts and operating environments where new pilots could take place.

Webinar: Analytics and AI in Mining

From predictive analytics to chemical innovation, data-driven solutions present new opportunities for mining companies to maximize operational efficiency and avoid unnecessary downtime.

Mining Magazine: Technology of mining in the future

Prospect Mining Studio is offering mining start-ups time in the spotlight and supports them in becoming cornerstones in the mining industry of the future. Mining Magazine’s Donna Schmidt investigates.

Webinar: Robotics and Automation in Mining

Can robotics and automated processes help us reimagine mining? Hear from two Prospect Mining Studio startups pioneering the integration of advanced robotic systems that will create a global impact on the industry.

Webinar: Tackling Waste in the Mining Industry

Novel advances in chemistry and biology are being adapted to address one of the mining industry’s biggest challenges: waste.

Webinar: Transformative Technology Applied to Mining

As corporations continue to navigate their approach to innovation, active startup partnerships and pilots are key opportunities for the entrepreneur and mining operator to come together.

Webinar: Digitization and Visualization Applied to Mining

Learn how new visualization platforms and advanced algorithms will help mining companies exceed process objectives while consuming minimal amounts of energy.

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, Newlab 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!