The Mining Industry's Innovation Accelerator
Challenge Returns to PDAC
VANCOUVER, Nov. 27, 2017 /CNW/ - GOLDCORP INC.
(TSX: G, NYSE: GG) ("Goldcorp") is pleased to present
the second #DisruptMining accelerator challenge and live finale
event on Sunday, March 4, 2018 during
the annual Prospectors and Developers Association of Canada (PDAC) conference.
Highlights:
- Goldcorp to host the 2018 #DisruptMining innovation expo and
"shark-tank" style live event at the Rebel Entertainment
Complex
- Disruptors from all sectors encouraged to pitch their
exponential technologies and rogue ideas to a panel of senior
mining and technology leaders in front of a live audience of
influencers and decision-makers.
- Winning disruptor(s) can earn an opportunity to negotiate up to
C$1 million investment from Goldcorp,
one of the world's largest and most innovative gold
producers1
- All proceeds from the #DisruptMining finale event will support
innovation-focused scholarships
- Kick off #DisruptMining video:
https://youtu.be/gXKn-CjM5Hk
Launched in 2017, the #DisruptMining challenge spurs
collaboration between innovators working with exponential
technologies in any sector to disrupt mining and compete for the
opportunity to showcase their ideas in front of a live audience of
over one thousand industry leaders and a "shark-tank" style panel
of industry executives. The disruptor(s) will have the opportunity
to negotiate up to C$1 million in
investment for a proof of concept at one of Goldcorp's mines or
direct investment in the winning technologies.1
"Goldcorp is one of the world's largest and most innovative gold
mining companies. The industry has started to embrace the need for
step-change innovation to stay competitive and deliver greater
value but we all need to accelerate the pace of innovation to
provide the raw materials that fuel our rapidly changing global
economy," said Todd White, Executive
Vice President and Chief Operating Officer at Goldcorp and board
member of the Canadian Mining Innovation Council. "We must keep
pushing boundaries, thinking differently and we believe faster
progress is only possible through cross-sector collaboration. We
are challenging every player in the mining industry and beyond to
embrace innovation by adopting and integrating disruptive
technologies into projects and operations here in Canada and around the world."
Last year at the #DisruptMining Challenge, finalist KORE
Geosystems earned a coveted seat at the table with Goldcorp to
negotiate a C$1 million investment
during the "Shark-Tank" style live finale. "The #DisruptMining
challenge opened doors to hundreds of potential investors and
customers," said Vince Gerrie,
President of KORE Geosystems. "Goldcorp's C$1 million investment in KORE Geosystems has
accelerated our technology development. We are very excited to
launch our pilot program in 2018." KORE delivers critical
decision-making technology by applying artificial intelligence to
geoscience data sources allowing confident, data driven decisions
in real time.
Call for Disruptors across all industries
The #DisruptMining challenge encourages ideas that accelerate
solutions to some of the biggest challenges in mining. Do you have
the imagination and the attitude to blast convention? Any
innovator interested in pitching their idea at the #DisruptMining
Innovation Expo and "shark-tank" style live event should submit an
application via the submission portal found at
www.disruptmining.com. Submissions will be accepted via the online
portal from January 2, 2018
12:01am PST / 3:01am EST until January
16, 2018 at 8:59pm PST /
11:59 pm EST. Late submissions will
not be accepted.
#DisruptMining Submission Categories:
- Feed the long-term pipeline for metals
- Enhance productivity, efficiency and automation
- Improve safety
- Reduce environmental footprint
- Facilitate open and transparent markets
- "Go rogue"
Applications must be a maximum of five pages and include a brief
introduction to the idea and/or technology being pitched as well as
an explanation of its potential impact on the mining industry.
Multi-media submissions are highly encouraged to complement the
pitch.
Semi-finalists will be invited to exhibit their ideas at the
Innovation Expo, and three finalists will be chosen to pitch at the
#DisruptMining live event. All semi-finalists and finalists will be
notified by February 5, 2018.
No purchase or skill-testing question is required, and the
chances of earning a spot as a finalist or semi-finalist depend on
the number and caliber of entries received during the submission
period.
The #DisruptMining challenge is open to all individuals or
groups of individuals in Canada or
the US (excluding residents of Arizona, Colorado, Connecticut, Florida, Maryland, New
Jersey, Tennessee and
Vermont) who are at least the age
of majority in their province, state, territory or country of
residence. Eligibility to earn an opportunity to negotiate an
investment from Goldcorp requires travel to Toronto, Canada on March 4, 2018 and participation in live meetings
and the live finale event on March 4,
2018. For complete eligibility criteria, please refer to
www.disruptmining.com.
#DisruptMining Innovation Expo
The #DisruptMining Innovation Expo will showcase the
semi-finalists and offer direct interaction to demonstrate how they
can help the mining industry accelerate the pace of technological
advancement.
"Shark-Tank" Style Live Finale
The #DisruptMining Innovation Expo will transition into an
evening event, in which three finalists will pitch their disruptive
ideas "shark-tank" style to a live audience and have the
opportunity to negotiate up to C$1
million in investment for a proof of concept at one of
Goldcorp's mines or direct investment in the winning
technologies.
More than 1,000 mining executives, investors, technologists and
financiers will be in attendance, each looking for that one
revolutionary idea.
#DisruptMining Challenge Timeline
- Tuesday, January 16, 2018:
Deadline for submissions.
- Monday, February 5, 2018:
Selected disruptors notified.
- Sunday, March 4, 2018:
#DisruptMining Innovation Expo and Live Finale
For more information and to review full submission details,
please visit: www.disruptmining.com
Partner with #DisruptMining Challenge
Are you committed to championing innovation and disruption in
the mining industry? Would you like to be showcased at the
#DisruptMining Challenge, one of Canada's largest gatherings for innovation? To
learn how to become a sponsor of this trailblazing challenge and
event, please e-mail disruptmining@goldcorp.com
Tickets to the #DisruptMining Challenge
The #DisruptMining Challenge 2018 will be held at the Rebel
Entertainment Complex, Toronto's
most exciting nightlife and concert destination, located at 11
Polson Street. To purchase tickets please visit
www.disruptmining.com
All proceeds from the #DisruptMining finale event will invest in
the future of the mining industry through innovation-focused
scholarships.
For more information on the #DisruptMining challenge, please
visit www.disruptmining.com
About Goldcorp
Goldcorp is a senior gold producer focused on responsible mining
practices with safe, low-cost production from a high-quality
portfolio of mines.
Cautionary Note Regarding Forward-Looking Statements
Certain disclosures in this document constitute forward-looking
statements, including the timing and completion of the
#DisruptMining expo and live finale. In making the forward-looking
statements, the Company has applied certain factors and assumptions
that are based on the Company's current beliefs as well as
assumptions made by and information currently available to the
Company, including that the Company is able to execute the
challenge in accordance with the terms described herein. Although
the Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect, and the forward-looking statements are subject to
numerous risks, uncertainties and other factors that may cause
future results to differ materially from those expressed or implied
in such forward-looking statements. Such risk factors include,
among others, those matters identified in its continuous disclosure
filings, including its most recently filed MD&A. Readers are
cautioned not to place undue reliance on forward-looking
statements. The Company does not intend, and expressly disclaims
any intention or obligation to, update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
1 Investment not guaranteed, and/or investment
may be allocated among two or more of three Finalists; exact level
of investment, if any, is at Goldcorp's sole discretion and subject
to completion of appropriate due diligence.
SOURCE Goldcorp Inc.