Tuesday, November 19, 2019
News
NEWS HOME
PRN INDIA
Vimson Group and New Lab Partner to Explore New Possibilities in Mining
  SocialTwist Tell-a-Friend  
   

Prospect Mining Studio, a venture studio model dedicated to transforming the $1T mining industry, is inviting startups to apply.

BROOKLYN, N.Y., Oct. 17, 2019 /PRNewswire/ -- Leading Indian mining conglomerate, Vimson Group, and innovation hub, New Lab, announced a partnership to establish Prospect Mining Studio, a venture studio program bringing together entrepreneurs and industry experts to address the biggest challenges facing the mineral and natural resource mining sector. Prospect Mining Studio harnesses frontier technologies including synthetic biology, computer vision, advanced sensor technology, machine learning, and artificial intelligence to drive growth within the mining industry in a sustainable and socially responsible manner. Vimson and New Lab are calling on startups across the globe to apply and join Prospect Mining Studio to develop transformative products that will positively impact the mining industry.

Prospect Mining Studio

Pairing New Lab's leadership in advancing emerging technologies and Vimson's unparalleled expertise in the industry, Prospect Mining Studio will focus on enhancing sustainability and closed-loop production, environmental sensing, worker performance and safety, mineral extraction and energy efficiency, data optimization, and more.

Entrepreneurs are invited to submit applications via prospectminingstudio.com to be considered for the first 12-month program cycle, through December 6th, 2019. Teams will be selected on a rolling basis. Interested partners and participants will have an opportunity to convene on December 11th, 2019, for the inaugural Prospect Mining Studio Summit.

"We're thrilled to partner with Vimson Group to bring Prospect Mining Studio to life and to support entrepreneurs in transforming the mining industry through novel technologies," said New Lab CEO, Shaun Stewart. "Everyday tasks from driving, communicating to eating rely on mining industry resources, which provide the foundation of modern life. Prospect Mining delivers a platform for advancing mineral and natural resource extraction by convening diverse, bright minds from academia, the mining industry and frontier technologies to solve significant challenges today."

"Vimson has always believed that we have to stay on the cutting edge of the industry. With New Lab, we have found the perfect partner to bring new ideas and opportunities to one of the world's oldest and most crucial industries," said Vivek Salgaocar, Director of Vimson Group. "Prospect Mining will build a network of partners who can leverage their shared expertise to develop new insights into the field of mining, and allow entrepreneurs the ability to define challenges, prototype rapidly where needed and implement pilots at mining sites."

Prospect Mining Studio is seeking applicants working across advanced technologies, such as synthetic biology, A.I., robotics and automation, data science, computer vision, and energy harvesting. Participants will build proofs-of-concept, and eventually pilot solutions at a number of Vimson and partner mining sites.

About New Lab:
New Lab is a platform for scaling frontier technologies. New Lab's flagship location in the Brooklyn Navy Yard dates back to 1902 and served as the primary machine shop for every major ship launched during World Wars I and II. Inspired by the building's rich history of innovation, Co-Founders David Belt and Scott Cohen envisioned a way to return the building to relevance, launching New Lab in 2016 with the aim of championing forward-thinking entrepreneurs and partnering with corporations, city leaders, and investors to catalyze innovation. Today, New Lab is home to over 140 member companies with a market value of over $2.8B.

About Vimson Group:
Founded over 70 years ago, Vimson Group is an Indian conglomerate with successful ventures in Mining, Trading, Financial Services, and Real Estate Development. Vimson also runs significant philanthropic initiatives in Healthcare and Sports. Vimson owns and operates one of India's oldest iron ore mining companies, transforming natural resources into prosperity for the entire community. Vimson's operations comprise of an integrated value chain that includes exploration, excavation, ore screening and processing, and multi-modal transportation.

Contact: info@prospectminingstudio.com

Photo - https://mma.prnewswire.com/media/1012303/New_Lab_Prospect_Mining_Studio.jpg

More News by PR Newswire India

Ascom Commended by Frost & Sullivan for Dominating the Enterprise Wireless Phone Market with 20 Percent of the Shipment Share

Eastman collaborates with NB Coatings to offer sustainable automotive plastic

Parallel Wireless Helps to Deliver on MTN's OpenRAN Vision across Africa

Godrej Locks to Commemorate 3rd Home Safety Day on 15th November

Siklu Announces the Terragraph Product Family

Merck Licenses CRISPR Gene-Editing Technology to Evotec

Global urology leader Advanced MedTech co-leads SonoMotion's US$10 million Series B fundraising

PeopleStrong Appoints Ex-Aon Hewitt CEO Sandeep Chaudhary as President

Neurovalens Unveils Modius SLEEP, a Genius Next-Gen Device Powered by Neuroscience to Optimize Sleep Health and Address the Global Sleep Crisis, Without Medication

Quectel Opens R&D Center in Belgrade to Expand Global Presence

Appointment of Deepak Malhotra as a Director on Azure Power Global's Board

FreedomPay Announces An Agreement With Marriott International For Commerce Technology Innovation

Xinhua Silk Road: Wetland city Changde hosts international marathon event

Xinhua Silk Road: NE China's Heilongjiang launches winter tourism roadshow in Beijing

Volkswagen Joins SEMI; Membership to Advance Automotive Electronics

A Call to Action on Advancing Cyberstability: Global Commission (GCSC) Launches Final Report

MSI Unveils the Complete Product Line up of the New 'Content Creation' Series in India

UST Global Acquires Contineo Health, a Leading Healthcare Technology Consulting Firm Specializing in EHR Optimization

Seclore and Safetica Join Forces to Automatically Detect, Protect and Track Sensitive Information the Last Mile

GCPL's BBLUNT Re-energizes Growth With a Keen Eye on E-commerce and New Innovations in Their Hair Care and Styling Range

Xinhua Silk Road: Chery's engine listed among China's top ten engines for 2019

New World Gold Council Survey Highlights Substantial Opportunities for Gold

ThoughtWorks Honored With Excellence in Gender Inclusivity Award by NASSCOM

2019 World Sensors Summit Unveiled - Zhengzhou Embraces Whole World

Vymo Wins Aditya Birla's Bizlabs Fintech Award for Mobile-first Personal Sales Assistant

SummitAI Sierra Brings Enhanced AI Capabilities to Flagship ITSM Solution

Xinhua Silk Road: Sensor industry projects flock to settle in Zhengzhou, C. China

Statement: Vision Impact Institute Supports Women in Japan Demanding Rights to Wear Glasses at Work

WeBank's Henry Ma on Digital Banks: Promote Financial Inclusion and Achieve a Sustainable Business

Teleperformance in India Recognised as Best Employer 2019

Habanos, S.A. Presents Its World Preview of the Romeo y Julieta Maravillas 8, an Exclusive Edition to Celebrate the Chinese New Year

Hitachi Chief Revenue Officer to Share Winning Digital Strategies at the Sales Team Accelerator Retreat: A Frost & Sullivan Executive MindXchange

Prepare Your Business for the Workplace of 2025: Top Trends Impacting Latin America

ATAI Life Sciences and Cyclica launch joint venture to revolutionize drug development for mental health disorders

Ribbon Deploys Colt Japan's Emergency Calling Service

The Second China International Import Expo concludes successful run

The Fifth Edition of Solaris - IIM Udaipur's Annual Management Fest Concludes on High Note

Embassy Office Parks REIT Announces Second Quarter FY 2019-20 Results; Reports Another Strong Quarter of Leasing and a Quarterly Distribution of Rs. 4,630 Million

Admissions 2020-21 Open at India's First Design University

'Right To Protein' Health Campaign Launched to Create Awareness About the Importance of Proteins in an Indian Diet

Jaquar Group's Mehra Family Joins the Forbes List of top 100 Billionaires of India

Jana Small Finance Bank Raises Rs 225 Crores Capital

2019 World Sensors Summit and Expo Held in Zhengzhou, China

Global Modular and Prefabricated Building Market Set for Robust CAGR of 6.3% from 2018 to 2025

TATA Projects Builds 1000-bed Hospital

Swascan Collaborates With Video Conferencing Provider to Proactively Address Software Vulnerability

Kavalan's Latest Bottle Features a Studded Crown Fit For a King

CreditMantri Wins the Prestigious Jason J. Spindler 'Big Data for Impact' Award and the Alphamundi Foundation Impact Finance Awards at UNDP-SDG Finance Geneva Summit in Oct, 2019

Executive Education Programs from Michigan State University Coming to India

We Lose 11 Years on Smart Devices: Singapore health tech company calculates the cost of screen time with this revolutionary tool

SK-II ARTIST SERIES: POWER OF PITERA

Indian Neo Banks are Democratising ERP and Financial Services for Underserved SMBs - Ezo Banks

JA Solar Supplies High-efficiency PERC Modules for a 32MW Solar-Plus-Storage Project in Hokkaido

SpeakIn Finds its Latest Investor in Aditya Ghosh, CEO South Asia OYO

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Telangana Chief Minister has transformed...
Chidambaram urges Congress to lead attac...
Majority SC judgment in Sabarimala templ...
Ghaziabad: UP Chief Secretary suspends e...
Urinating, defecating in open to cost Rs...
Improvements in Indian health system 'si...
More...    
 
 Top Stories
Bengaluru Tech Summit kicks off (Le... 
Heidelberg eyes expansion through a... 
Another human rights activist kidna... 
N-E students' union takes to street... 
Two women from Andhra turned away b... 
Himachal Cabinet recommends winter ... 
High stakes for Congress in Karnata... 
Miracle that AIADMK government surv...