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Core Innovation Hub - Project Summary


CORE Innovation Hub (CORE) is improving the speed of METS sector innovation and collaboration by providing direct access to the resources innovation ecosystem through the establishment of a physical space with a facilitated network of innovators and curated activities, connections and programs.

METS Ignited has entered a project funding agreement with CORE to support a global network of innovation hubs, drive the commercialisation of new technologies and encourage greater collaboration across the Australian mining and resources supply chain.

CORE

CORE is the first in a global network of hubs linking the resources industry sector by leveraging national networks and industry priorities to provide Australia's first co-working, collaboration and innovation hub focused on the resources industry.

CORE is a common point where METS companies, industry bodies, researchers, entrepreneurs and start-ups connect and collaborate on innovations to solve key mining challenges.

Positioned alongside Australia's leading resources companies and universities in the Perth CBD, CORE provides proximity to skills, solutions and opportunity along the supply chain, and a culture of entrepreneurship, open innovation, collaboration and speed to market.

Project Funding

As a Foundation Partner, METS Ignited is providing $100, 000 for 2016/17 to implement a pilot phase and $25, 000 in 2017/18 to support CORE's growth in Perth and expansion into Brisbane. Funding excludes GST.

Industry co-funding comes from the other Foundation Partners who are co-located full-time or part-time in the hub, including Austmine and WesTrac, and a wide range of industry members including Subsea Energy Australia, Engineers Australia, AusIMM, Woodside, Fugro and many more.

Key Milestones

  • CORE opened in July 2016 and successfully completed a 12 month pilot phase;
  • Reciprocal partnerships established with three global resources hubs (Santiago, San Francisco, Houston);
  • The Hub regularly exceeds quarterly targets to host 25 monthly industry events and has received more than 5000 industry visitors in its first year;
  • Industry recognition continues to build as the 'go-to' connecting place for the METS and wider-resources sector.

Project Status

The partnership between CORE Innovation Hub and METS Ignited is ongoing.