The US$65m fund (which includes approximately $40m contribution from the Chilean Government) aims to provide the bridge between ideas and the implementation of those ideas in partnerships aligned to the challenges faced by mining companies.
The primary qualifications for start-ups and ventures that seek funding include:
finding new applications and uses for copper that will help sustain demand and hence copper mining,
the development of important services and supplies for copper mining operations, and
innovative solutions that will improve processes, sustainability, and competitiveness in the industry
The ICA participates in the activities of the fund via the initial fund creation and capital raising, participation in the investment committee, providing connections, and the support of due diligence activities.