Mining startups need more support in Europe, experts say

Emerging companies in the mining sectors and critical raw materials in Europe suffer from a lack of financing, and the approval of speakers at the Eit Rawmaterials Summit.

European Union Commissioner Jessica Roswal opened the second day by treating “retail” in the raw materials market in Europe and the need for one capital market-a call repeated by Bernd Chevir, CEO of Eit Rawmateials, which provides financing and support to start across the continent.

“We must make sure that we are continuing with general financing to bring startups to the market and avoid the fungus of more innovations themselves, but we unite them.”

Roswal, the European Union’s Environmental Commissioner, Water Flexibility and Competitive Ring Economy, stressed that the European Union is working to simplify financing and grants, which provides a barrier for smaller companies looking to obtain a foothold in the mining sector.

In a committee called “Transit of the Valley of Death: the ecosystem of raw materials in Europe”, Ella Coleen, co -founder of the CMO from Minespider, an emerging company based in Berlin that provides a Blockchain -based tracking platform for the mining industry, invited the call for a lesser part in the region.

“It is an absolute struggle for emerging companies to work with all different languages ​​and the legal effects of each country and bureaucracy,” Kulin said.

She added that Minespider has received many grants, some of them from the Booster Eit Rawmateials program, and it works over about 30 million euros (33.54 million dollars) of projects funded by the European Union.

Eit Rawmateials agreed to access to the financing manager Anthony SlotBoom that the capital market is one is very important for startups. “There has been a tall for this for ten years. For a person ready to bear risks in raw materials, there will be a much larger gathering through which startups can be more easily accessible.”

Benedict Subotka, CEO of the Future Alpha Funds and former CEO of the European Resources Group, confirmed that the private investment scene is not much better.

“Mostly, startups in mining technology, such as (those), are funded in analyzing spatial geographical data, outside Europe,” said Subotka, noting that the ecosystem for investment is much smaller than it was in the United States.

“Such companies are growing and expanding their scope much faster (in the United States) and the possibility of a better exit from Europe. This is because there are senior buyers and public subscription market (initial), which in Europe for new technology companies have died relatively.”

In addition to providing one product, the ability to expand to take advantage of the global nature of the mining industry has been provided as a major strategy for startups, while highlighting the solutions of mining programs as a particularly promising field to attract private investors and secure public financing.

The Eit Rawmhaaterials summit takes place from May 13 to 15 in Brussels, Belgium. On the first day of the Summit (May 14), the leaders of industry watched highlighting You need to improve the general perception To enhance the development of critical minerals in Europe.

“Emerging companies mining needs more support in Europe, as experts say,” it has been created and originally published Mining technologyThe brand owned by Globaldata.

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