New innovation initiative launched in Europe

Russia-based diamond mining group, ALROSA, has become a partner of the GeneratorS 2016 which encourages innovation in Russia and Eastern Europe.

GenerationS, organised by the Russian Venture Company (RVC), accelerates technology startups in Russia and Eastern Europe and is part of Russia’s efforts to build its own national innovation system.

ALROSA will support the Mining & Metals track of the program that combines a wide range of refining technology, processing of precious metals, diamond mining, and smart investment by the world’s industry leaders.

Within the track, startups from the diamond mining, metallurgy and related industries will be able to make proposals, presentations or attract investment or sales in areas typically difficult or closed to these junior companies.

ALROSA is searching for ways new technologies can enhance the structure of costs at all production stages and increase its operating performance. In 2015, their investments in R&D amounted to RUB2.04 billion ($40 million).

The best projects selected will receive development and opportunities to garner new investment.

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.