British VC fund Founders Factory has launched the Mining Tech Accelerator in partnership with Rio Tinto, as the metals giant seeks to find better ways to cash-in on surging demand for lithium, copper, and other materials critical to the clean transition. In April, Rio Tinto committed 14.4mn Australian dollars (€8.8mn) to the accelerator, which will support pre-seed and seed-stage startups over the next three years. The partners unveiled the first cohort of six startups today. The fledgling companies will now enter a four-month programme that will conclude in Perth, Australia in December. “We understand the vast opportunity ahead in decarbonising…
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