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Vale hosts $1 million COVID-19 innovation challenge

Kitco News

Vale is inviting businesses, researchers and individuals to propose innovative solutions to combat COVID-19.

The mining giant is offering $1 million to "...propel innovative COVID-19 solutions into the marketplace.

The challenge is open to participants in Canada and Brazil with each selected solution eligible to receive up to $200,000.

Vale chose a panel of healthcare experts to assist in the technical evaluation of submissions. Entries must fit within three categories:

  • Risk Monitoring and Prevention
  • Patient Monitoring
  • Open Challenge

“Around the globe, industries and individuals alike are working diligently to find innovative solutions to combat this invisible enemy,” said Dino Otranto, Chief Operating Officer of Vale’s North Atlantic Operations and Asian Refineries. “Through this challenge, Vale will be able to support the activation of solutions that have a real potential to positively impact the trends of this virus.”

“By launching this challenge globally, we are hoping to expand it’s reach and accelerate the identification of solutions for our workplace and for the communities in which we live”, added Afzal Jessa, chief digital officer.

A number of mining companies have chipped in to help fight COVID-19:

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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