Nagpur: The Mines Ministry has unveiled an initiative aimed at fostering research and innovation in the mining and mineral processing sector. Under the guidelines of “Promotion of Research and Innovation in Start-ups and MSMEs in mining, mineral processing, metallurgy and recycling sector (S&T-PRISM),” the Ministry will solicit proposals from Start-ups, MSMEs, and Individual Innovators for projects up to two years in duration.
Selected participants will receive mentorship or incubation support, along with technical advisory assistance. This move is anticipated to empower these entities to progress to a stage where they can attract investments or secure loans from commercial banks/financial institutions.
S&T-PRISM focuses on translating research into technology, emphasizing the development and commercialization of innovative technologies, products, or services. The Jawaharlal Nehru Aluminium Research Development and Design Center in Nagpur, under the administrative control of the Ministry of Mines, will serve as the implementing agency for S&T–PRISM.
During the project development period and an additional two years from the date of technical completion, selected Start-ups and MSMEs will receive mentorship and technical advisory support. This support will encompass advisory services, networking, resource tapping, piloting, business planning, and fund raising. Piloting opportunities will be provided in the mining, mineral processing, metallurgy, and recycling sector, with a preference for Start-ups/MSMEs from the North East region and women-led enterprises.
The Mines Ministry’s commitment to research and development is evident, recognizing the essential role of a strong Science and Technology (S&T) base in mining R&D. The initiative aligns with the National Mineral Policy’s emphasis on prioritizing Research and Development (R&D) programs for the safety, economy, speed, and efficiency in mineral resource extraction and its conversion into economically viable alloys and metals.