Magemi Mining Awarded IBM Innovation Funding

We are pleased to share with you that Magemi Mining’s project titled “Data Analytics and Machine Learning to Optimize Ore Blending, GHG Emissions and Project Economics in the Mining Industry” has been selected as a winner of the Customer Demonstration Program administered by Ontario Centres of Excellence (OCE) on behalf of the Ontario Ministry of Economic Development and Growth (MEDG). As an integral part of the IBM Innovation Incubator Project, the Customer Demonstration Program provides an opportunity for disruptor companies participating to showcase to a potential client the value of their technology. 

All program funding administered by OCE is discretionary and awarded on the basis of a highly competitive process that attracts many applications. Eligible applications are reviewed on their merit and also assessed against program objectives and assessment criteria. Given the limited funding available, only projects that attain the highest recommendations and demonstrate the greatest likelihood of meeting program objectives are awarded funding.

This award has recognized Magemi Mining as a significant disruptor in the field of data mining and artificial intelligence, and has facilitated the licensing of our flagship product, Magemi Mine Optimizer, to another client.