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Innovation network announces $11.5M for mining projects

Sixteen projects will benefit from Mining Innovation Acceleration Network funds
Sixteen recipients will share in $11.5 million in funding from the Mining Innovation Commercialization Accelerator (MICA) Network. during the organization's inaugural conference in Toronto on Nov. 16.

The Mining Innovation Accelerator Network (MICA) has announced more than $11.5 million in funding for 16 projects that will innovate new products and services for the mining industry.

Based in Sudbury, MICA is a national, multidisciplinary group of industry stakeholders working to speed up the commercialization of innovations for the global mining sector. The network is led by the Centre for Excellence in Mining Innovation (CEMI).

Douglas Morrison, the network director for MICA, called the announcement of funding for its first cohort “a major step forward.”

“It establishes MICA as an SME network for innovation in mining across Canada that includes innovators from other sectors, and will soon include solution providers from other countries who want to collaborate with Canadian SMEs,” Morrison said in a Nov. 16 news release.

“We know that these businesses, working in concert, will be able to make significant contributions to the effort to supply the economy with the strategic metals and critical minerals needed to help arrest climate change, and will create high-tech jobs in mining and other sectors, increasing economic activity in Canada and globally.”

Capital for the $30-million fund comes from the federal government’s Strategic Investment Fund.

MICA said it received proposals for 106 projects from 81 MICA members, who requested more than $100 million.

Winning proposals fit into one of four themes: increasing mine production capacity at lower cost; reducing mining energy consumption and greenhouse gas emissions; implementing smart, autonomous mining systems; and reducing environmental risk and long-term liabilities.

Funding recipients and their projects include:

Winners were announced during MICA’s inaugural conference, being held Nov. 14-16 in Toronto.

The second call for proposals for funding has been issued and submissions are now being accepted.