Radchat and Flasheye win a total of €113 000 following the finals of Swedish Mining Innovation’s annual idea competition that recently took place at Euromine Expo.
Startups are thinking new for the sustainable mine of the future
The jury chose to nominate two winners in this year’s competition. Radchat and Flasheye are both startups with young and innovative founders. Both ideas are about how technology can make mines even safer for people to work in.
Flasheye uses 3D technology to detect and prevent faults and accidents.
– Winning this award is a testimony that we are doing the right thing at the right time. The prize money enables us to proceed with IP and product development. We have high ambitions and are planning to scale globally from the start, says Ida Rehnström, COO Flasheye.
With the help of radar and sensor technology, Radchat offers high precision positioning, ultimately to eliminate accidents and making mines an even safer environment.
– We’re thrilled to be one of this year’s winners in competition against innovative and driven companies. Now we look forward to taking the next step together with industry partners, says Lukas Crisp, CEO and co-founder of Radchat.
SEK 1,200,000 for development
The winners receive SEK 600,000 each to use to develop their ideas. Everyone who participated in the competition will receive help from Swedish Mining Innovation in finding ways to take their idea further, for example through the program’s open call or directly with an industrial company.
Matz Sandström, Swedish Mining innovation and chairman of the jury, is impressed by the variety and level of the competition entries:
– The ideas presented are ambitious and offer solutions to some of the needs and challenges that our global society faces when it comes to a sustainable supply of raw materials.
The competition is organized by Swedish Mining Innovation, the national strategic innovation programme for the mining and metal producing industry, funded by the Swedish Government through agencies Vinnova, Formas and the Swedish Energy Agency.