From Yahoo Finance: 2025-05-15 12:43:00

Start-ups in Europe’s mining and critical raw materials sectors are underfunded, according to speakers at the EIT RawMaterials Summit. EU Commissioner Jessika Roswall highlighted the need for a single capital market to support start-ups. Minespider, a Berlin-based start-up, emphasized the challenges of operating with different languages and legal implications in Europe.

The EU is working to simplify funding and grant processes for smaller companies in the mining sector. Minespider, which offers a blockchain-based traceability platform, has received grants from the EIT RawMaterials Booster Programme. A single capital market is crucial for start-ups to access capital more easily, as noted by industry experts at the summit.

Private investment landscape for mining technology start-ups in Europe is challenging, with more funding available in the US. Scalability in offering mining software solutions can attract investors. The EIT RawMaterials Summit in Brussels emphasized the need to improve public perception to boost critical minerals development in Europe.

Read more: Mining start-ups need more support in Europe, say experts