Our Business Model The CMIC business model is based on the building blocks of successful innovation models in other companies and industries, including software engineering, microelectronics, defense, and pharmaceuticals.
Roadmaps – creating roadmaps to plot the pathway to the future and to align the industry. Platforms – identify platform technologies and processes that are destroying value in the industry and replace them. Business Ecosystem – harness innovational globally to solve the complex challenges identified by the industry, create new technology and process platforms with a clear pathway to deployment on mine sites. Open Innovation – employ the sharing or project results and intellectual property amongst project participants to ensure rapid development and deployment of solutions.
This model is unique in the natural resources industry and CMIC relies heavily on involvement, participation, and funding from multiple organizations across the supply chain. Participants include academia, startups and small and medium enterprise’s to research, technology and innovation organizations and mining companies across Canada. This collaborative approach reduces duplication of effort, leverages existing assets (e.g., expertise, knowledge, technology, intellectual property, resources), and focuses on the key challenges the mining industry is facing. The primary reliance on volunteers means significant executive oversight, thought leadership, and program/project management are spread across multiple organizations.
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