# Mining Innovation Commercialization Accelerator

> Mining Innovation Commercialization Accelerator is a VC fund backing Mining and Software. See 70 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Sudbury, Canada
- Total investments: 70
- Last investment: Jun 2025
- Lead investor: 99%
- Last updated: Aug 2026
- Website: https://micanetwork.ca

Mining Innovation Commercialization Accelerator is a VC fund in Sudbury focused on Mining and Software. Mining Innovation Commercialization Accelerator was created on July 9, 2021 through an investment of $40 million from the Government of Canada’s Strategic Innovation Fund.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Mining | 18 | 26% |
| Software | 10 | 14% |
| Mining Technology | 8 | 11% |
| Information Technology | 6 | 9% |
| Environmental Consulting | 6 | 9% |

73 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 59 | 84% |
| Venture - Series Unknown | 1 | 1% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 50 | 71% |
| United States | 8 | 11% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Kovatera | Kovatera specialize in the manufacture of purpose-built utility vehicles for underground mining .Their products includes attachments, electric powertrains, and diesel powertrains. They also designs various types of mobile equipment and hydraulic machinery for the mining industry. | $231.7K | Grant | Jun 12, 2025 |  |
| Destiny Copper | Destiny Copper produces copper with cleantech hydro-metallurgical copper extraction systems. | $183.9K | Grant | Jun 12, 2025 |  |
| 2S Water Incorporated | 2S Water have developed a sensor to detect metals in water in real time. The current solution is grab samples which are sent to the lab, a time delayed and error prone process. 2S Water believes we can do better. Realtime information is essential for process optimization, regulatory compliance, and early issue identification. Our first targetmarket is mining, an industry plagued by regulatory fines and water quality issues, and ripe for data driven process optimization. Most of these issues focus around metals and atomic contaminants that, up until now, no one could detect in real time. 2S Water's sensor provides realtime data in a fully automated system that provides the instant feedback that facility operators need. Further applications include petrochemicals, forestry, and municipalities. 2S Water wants to make the world’s water safe and understood. With realtime data, we can protect water, protect the environment, and protect facilities. | $110.3K | Grant | Jun 12, 2025 |  |
| LoopX | LoopX offers system solutions for autonomous vehicles, mining equipment manufacturers, and mining technology companies. | $154.5K | Grant | Jun 12, 2025 |  |
| KorrAI | Traceable AI for billion-dollar buildsOur platform, TRAIL, enables insurers, asset owners, and builders to evaluate site and construction risk in hours instead of weeks by unifying geospatial data, geotechnical reports, catastrophe model outputs, and engineering context into one traceable system.Making infrastructure and mining risk visibleearly and actionable. | $194.9K | Grant | Jun 12, 2025 |  |
| Exergy Solutions | Exergy Solutions are agile engineering consultants that are experts in 3D printing, CNC machining, augmented reality and virtual reality technology. The creative team at Exergy has experience leveraging disruptive technologies and agile project management methods. | $117.7K | Grant | Jun 12, 2025 |  |
| MineSense Technologies | MineSense Technologies is a developer of a data analytics platform intended to monitor and improve the productivity and recovery of mines. The company's platform provides businesses with real-time, sensor-based sorting of low-grade ore to a level of sensitivity and to identify differences in mineralogy, enabling the mining industry to sortores easily and enhance mineral planning.MineSense Technologies was founded in 2008 and is headquartered in Vancouver, Canada. | $124.3K | Grant | Jun 12, 2025 |  |
| Arca Climate Technologies, Inc. | Carbin Minerals unlock the enormous carbon dioxide removal potential of mine waste. | $231.7K | Grant | Jun 12, 2025 |  |
| H2nanO | Sustainable, low-energy water treatment and reuse technologies built for the resources sector. Enabled by advanced materials, H2nanO specializes in technologies that use natural and surplus energy sources to make water management more efficient and cost effective. | $154.5K | Grant | Jun 12, 2025 |  |
| nPhyla Technologies | nPhyla Technologies is a biotechnology company harnessing genomic intelligence to transform mining innovation. | $117.7K | Grant | Jun 12, 2025 |  |

10 of 70 investments shown.

## Co-investors
- [Alberta Jobs & Growth Fund](https://shizune.co/investors/profile/alberta-jobs-growth-fund) — VC Fund, 1 deal together
- [North Carolina Department of Information Technology](https://shizune.co/investors/profile/north-carolina-department-of-information) — VC Fund, 1 deal together
- [WindSail Capital Group](https://shizune.co/investors/profile/windsail-capital) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

## FAQ

### What does Mining Innovation Commercialization Accelerator invest in?

Mining Innovation Commercialization Accelerator invests primarily in Mining, Software and Mining Technology startups, most often at Grant and Venture - Series Unknown stage. Most of the 70 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Mining Innovation Commercialization Accelerator last invest?

The most recent investment recorded for Mining Innovation Commercialization Accelerator closed in Jun 2025. Shizune tracks 70 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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