AMSJ » Mining innovation ideas could win a $1M investment
Latest News

Mining innovation ideas could win a $1M investment

mining innovation

A Canadian based gold miner is offering up to 1 million dollars (CAD) investment in mining innovation ideas and technologies that will disrupt the way we traditionally undertake a range of mining activities and implement sustainability practices.

Goldcorp recently announced the third annual #DisruptMining innovation challenge and live finale event that will be presented in March 2019 during the annual Prospectors and Developers Association of Canada (PDAC) conference in Toronto, Canada.

Now in its third year as a catalyst for change in mining, the #DisruptMining innovation challenge has a track record of encouraging new ideas, identifying new opportunities and helping to accelerate the growth of new companies tackling challenges in mining in new and different ways.  Innovators and entrepreneurs are encouraged to submit their ideas for a chance to pitch in front of a live audience of over 500 industry leaders and a “shark-tank” style panel of cross-industry titans.

The winner(s) will have the opportunity to negotiate up to $1 million investment* for a proof of concept at one of Goldcorp’s mines or direct investment in the winning technologies.

Todd White, Executive Vice President and Chief Operating Officer at Goldcorp said “The mining industry today is collaborating and investing in technology and innovation like never before.  We have digitized, automated and applied new technologies to various aspects of the mining life cycle, but our industry needs to accelerate the cycle of innovation even more to stay competitive, deliver greater value to shareholders and be best prepared for our future.”

Todd said “Goldcorp is amongst the most innovative companies in the gold business, and we see #DisruptMining as a catalyst that helps us identify and champion new ideas, new partnerships, new technologies and new thinkers. At least seven of our #DisruptMining alumni have launched to new levels. We believe there are a lot more great ideas out there, and we’re ready to help make them happen.”

Following the 2018 #DisruptMining challenge, winner Acoustic Zoom, an advanced geophysics company specializing in innovative seismic solutions, secured a $1 million investment in its business from Goldcorp and launched a $150,000 pilot program at Goldcorp’s Red Lake Gold Mines in Ontario.  Other #DisruptMining alumni including: Enviroleach, LlamaZoo, Open Mineral, Bio-Mine, Cementation, Goldspot Discoveries, KORE Geosystems and Tradewind Markets have transformed their rogue ideas, become established start-ups, substantially evolved their services and operations, or have scaled their leading-edge technology solutions.

“DisruptMining was truly a catalyst for our business and put us on the world stage,” said Prof. Jacques Guigné, Chief Executive Officer, Acoustic Zoom. “We now have multiple international contracts with major mining companies and have accelerated the development of our technology with further innovations, in addition to building our ability to service with a growing equipment portfolio.”

Call for Disruptors across all industries

#DisruptMining offers entrepreneurs a platform to bring mining innovation, disruptive and exponential technologies to the sector, whether it’s unlocking exploration opportunities; finding operational and production efficiencies; reducing the environmental footprint and delivering on sustainability commitments; or developing alternative ways to finance capital projects.

Any mining innovation interested in pitching their idea at the #DisruptMining mining innovation expo and “shark-tank” style live event is encouraged to submit an application. Full application details and requirements can be found at: www.disruptmining.com. Submissions will be accepted until November 5, 2018 at 11:59 pm EST. Late submissions will not be accepted.

#DisruptMining Innovation Expo

The #DisruptMining Innovation Expo will showcase the semi-finalists and other game-changing innovators who will demonstrate how they can help the mining industry accelerate the pace of technological advancement.

#DisruptMining Challenge Timeline

  • Monday, November 5, 2018: Deadline for submissions.
  • Friday, December 14, 2018: Selected disruptors notified.
  • Sunday, March 3, 2019: #DisruptMining Innovation Expo and Live Finale

For more information and to review full submission details, please visit: www.disruptmining.com

Read more Mining Safety News

Add Comment

Click here to post a comment

AMSJ Spring 2018