As the world moves to cleaner sources of energy, it is increasingly reliant on mining. As the global economy switches to low-carbon technologies to combat global heating, demand for minerals such as cobalt, copper, lithium, manganese, nickel, and zinc - six essential to the renewable energy industry - could rise by as much as 900% by 2050, according to World Bank estimates.
Despite this, managing Partner Peter Bryant notes in a new article in GCV Magazine that "mining remains the only significant industry to not lean into corporate venturing in a significant way, which is a gap given the dearth of VC money available to startups focused on the mining industry. This just amplifies the persistent under-investment in innovation."
Read the full article here.