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News Release

FY2019

June 7, 2019

JX Nippon Mining & Metals Corporation

Implementation of Accelerator Program: Innovation Challenge for the Next Generation ―Aiming to Create New Businesses through Open Innovation with Start-Ups Worldwide―

JX Nippon Mining & Metals Corporation (Head Office: Chiyoda-ku, Tokyo; President: Shigeru Oi; "JX") is pleased to announce its decision to implement an accelerator program1 called the Innovation Challenge for the Next Generation (the "Program") jointly with French company Agorize2 (Head Office: Paris, France; CEO: Charles Thou), with the aim of creating new businesses.

JX has set itself the challenge of developing and strengthening technology-based businesses that will be the mainstays of the future as one of the key components of its Medium-Term Management Plan. The Program will contribute to this endeavor by inviting ideas for new businesses from start-ups with the aim of commercializing such ideas. Prioritizing nonferrous metal-related innovation, the Program will seek ideas addressing a wide array of nonferrous metal domains including resources development, and smelting and refining, with a particular focus on advanced materials, high-performance and multifunctional materials, and recycling technologies. JX expects to receive a wealth of innovative ideas from start-ups all over the world, and particularly from Europe, where Agorize has a well-developed network.

JX will make use of the Program and other forms of open innovation with companies, universities, research institutes, and other organizations inside and outside Japan to explore new possibilities for nonferrous metals in a wide array of domains with a focus on advanced materials, high-performance and multifunctional materials, and recycling technologies. By proposing and supplying such materials and technologies, JX will continue contributing to the creation of a sustainable society.

Notes:

  1. An accelerator program enables companies to use a contest format to invite ideas and proposals from start-ups with a view to cooperation or investment.
  2. Agorize is a company with operating bases primarily in France, as well as elsewhere in the world. It offers support for accelerator programs and a variety of other forms of open innovation.

Reference: Overview of Accelerator Program

Program Name Innovation Challenge for the Next Generation
Overview JX and Agorize will be inviting ideas for future-oriented, innovative new businesses addressing a wide array of nonferrous metal domains including resources development and smelting and refining, with a particular focus on technology-based businesses involving advanced materials, high-performance and multifunctional materials, and recycling. The forms of partnership on offer will include joint development, financial assistance, capital tie-up, provision of materials, and provision of sales channels.
Schedule 2019: June 7 Provisional launch of platform (website)
Sept. 5 Start date for submissions (official launch of website)
Oct. 25 Deadline for submissions
Early Nov. First selection stage (document-based screening)
Late Nov. Second selection stage (interviews)
2020: Mar. Final selection
Website for Submission of Ideas https://www.agorize.com/en/challenges/jx-challenge
Further details will be communicated via the above website as necessary.