Getting METS start-ups through the Valley of Death

HACKATHONS and the like are helping to develop the next layer of Australian mining equipment, technology and services companies. The challenge is getting those businesses from start-up to commercialisation.

Getting METS start-ups through the Valley of Death Getting METS start-ups through the Valley of Death Getting METS start-ups through the Valley of Death Getting METS start-ups through the Valley of Death Getting METS start-ups through the Valley of Death

Many METS start-ups do not make it through the Valley of Death.

One area Canada seems to have an advantage over Australia in this area is in the form of the Centre for Excellence in Mining Innovation.

CEMI CEO Doug Morrison said the centre's aim was to get start-ups with a real commercial future through to commercialisation.

"There's a huge difference between a hackathon and a saleable product," Morrison told Australia's Mining Monthly on the sidelines of the Future of Mining Sydney 2018 conference.

"That's the Valley of Death.

"We're not selling to teenagers who want a new app on their phone.

  oug orrison