Mining and raw materials companies have long and costly innovation cycles and are typically located far from their potential ecosystem partners. These factors make it challenging for these companies to pursue faster innovation and utilise co-development opportunities.
The European Institute of Innovation & Technology (EIT) has made a decision to finance a European innovation cluster specialised in the field of minerals. The new innovation cluster will focus on the European raw material needs. One of its six offices will be based in Otaniemi, Espoo, Finland. Spinverse is part of the Finnish cluster.