Prospect
Mining Studio

Unearthing a more sustainable future
for metals & minerals mining.
Apply now
Prospect Mining Studio is a first-of-its-kind platform for Applied Innovation and Investment 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. A catalyst for change in the industry, the Studio is a partnership between Vimson Group, a leading Indian mining conglomerate, and Newlab, a center for invention.

Prospect Mining Studio convenes key stakeholders across mining and adjacent industries to build, pilot, and scale transformational technologies against critical challenges and opportunity spaces.

We look to mobilize innovators, industry partners, investors, academics, and the public sector through collaboration, technology validation, and investment.
Visit the Prospect Mining Studio Site

Studio Partners
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Studio Collaborator
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Corporations, governments, and investors all play a vital role in the success and impact of our innovation studios. Joining the Prospect Mining Studio is a unique avenue to collaborate with top entrepreneurs, access real-time research and prototyping facilities, and solve your most pressing business challenges.

Interested in partnering with Prospect Mining Studio? Sign up to learn more

Join Our Studio

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, strategic connectivity within the industry, and investment.

Prospect Mining Studio and its industry advisors 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 missions, 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

Focus Areas

There are opportunities to change, evolve and disrupt the entire metals and minerals value chain. The Studio’s three themes are described below with some illustrative examples of industry focus areas and technology needs that we are looking to address. The areas listed under the Studio themes 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.

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 leaching, etc.)

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

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

Who Should Apply?

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 advisors have active mining experience and can provide unique intelligence around operational scenarios and potential for technology scale-up and integration within a mine.

Benefits

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, our bench of industry experts to consult on technology, 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

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 a leadership piece, in partnership with Prospect Mining Studio, that represents a unique perspective on a topic of mutual focus within mining (e.g. through WEF, IMM, 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

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



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About Vimson Group

Founded over seventy years ago in Goa, Vimson owns and operates one of India’s oldest iron ore mining companies, responsibly transforming natural resources into prosperity for the entire community. Their operations comprise of an integrated value chain that includes exploration, excavation, ore screening and processing, and multi-modal transportation. Vimson Group has several successful ventures in Mining, Trading, Financial Services, and Real Estate Development.

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