Innovation Mining Provides Update on the CDL Accelerator Program
North Vancouver, BC - November 15, 2024 – Innovation Mining (Innovation) is thrilled to announce its advancement to the next stage in the Creative Destruction Labs (CDL) program at UBC’s Sauder School of Business. This achievement marks a significant milestone for Innovation, presenting a unique opportunity to collaborate with top industry leaders, institutions, venture capitalists, and innovators in the mining sector. As part of a distinguished cohort focused on advancing mining technologies, we are excited to have CDL help forge the commercialization of our RSOLV chemical formula.
In this next phase, Innovation will benefit from the guidance of two esteemed mentors: Peter Kondos of Barrick Gold, and Kulvir Singh Gill of Canadian Nickel. These experienced professionals will provide invaluable mentorship, support, and industry contacts to propel Innovation’s development.
CDL is a globally recognized startup program for seed-stage, science-based companies. Founded by the Rotman School of Management at the University of Toronto, CDL now operates across 12 universities worldwide, including five in Canada. The program has generated over $32 billion in equity value for its participants across twenty streams, including AI, climate, fintech, energy, biotech, health, minerals, quantum, and space. CDL focuses on startups leveraging technological innovations that promise significant advancements in economic productivity and human welfare.
Innovation was chosen for its potential to bring substantial improvements to the gold mining sector.
Duane Nelson, CEO of Innovation, stated: “Innovation has already greatly benefited from the contacts, collaborations, and specialized mentoring provided through CDL-Vancouver’s program. We are honored to be part of such a vital initiative for the mining sector.”
Innovation extends its gratitude to CDL-Vancouver, its partners, and the mentors involved in the program. Special thanks to Peter Kondos and Kulvir Singh Gill for their continued support and guidance.
About the Mentors:
Peter Kondos – With a career dedicated to transforming organizations through innovation, Peter Kondos has delivered effective technology solutions within Barrick Gold, Inco (Vale), and Noranda (Glencore). He is the co-founder of YaKum Innovative Mining Consultants, a founding board member of Ilios Hydrogen Canada, and a board member of Cyclic Materials. Peter is also an adjunct professor at the University of Toronto and a recipient of the Sherritt Hydrometallurgy Award and two Innovation Awards. He formerly chaired the Canada Mining Innovation Council (CMIC).
Kulvir Singh Gill – Kulvir Singh Gill is an experienced management consultant and board member with a track record of helping organizations develop growth strategies and nurture innovative leaders. He has worked with Clareo and Strategy Lab, designing innovation strategies and leadership programs for Fortune 500 clients. Kulvir has held several positions at Barrick Gold, involving supply chain management, strategic planning, and sustainability. He was the founding executive director of the Development Partner Institute (DPI) and served as the innovation ecosystem manager for the Canadian Mining Innovation Council (CMIC).
About CDL – Vancouver
CDL is an objective-based mentorship program that supports participating ventures in accelerating their trajectory as they work to scale ambitious tech-based businesses. Over a period of nine months, participating select ventures have the opportunity to interface with, and learn from, individual and corporate partners, UBC students and pedigreed guests who bring a wide range of domain expertise and ecosystem connections.
About Innovation Mining:
Innovation Mining is a clean-tech, small-scale mining technology innovator, developing a patent-pending, environmentally friendly, non-cyanide chemical formula for extracting precious metals. Currently, over 90% of gold (valued at approximately $210 billion annually) is produced using cyanide. Innovation’s unique water-based formula is powerful, safe, reusable, and offers a cost-effective and sustainable alternative to cyanide for processing ores, concentrates, and tailings. Led by a seasoned team of executives, engineers, and scientists, Innovation is committed to environmentally friendly mineral extraction.
Contact Information:
Duane Nelson
Innovation Mining Inc.
duane@innovationmining.com