Rio Tinto backs six startups in high-tech bid for cleaner mining of lithium, copper

Quick Summary:

British VC fund Founders Factory has launched the Mining Tech Accelerator in partnership with Rio Tinto, as the metals giant seeks to find better ways to cash-in on surging demand for lithium, copper, and other materials critical to the clean transition.

In April, Rio Tinto committed 14.4mn Australian dollars (€8.8mn) to the accelerator, which will support pre-seed and seed-stage startups over the next three years.

The partners unveiled the first cohort of six startups today.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsAustraliaAustriaIrelandSouth Africa

Topics: Battery Insider Startups and technology Sustainability

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 11:44:44 (20 hours ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 630 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 22985219

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