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Canada Invests in Critical Minerals Sector at the Organisation for Economic Co-operation and Development Conference on Mining in Sudbury

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SUDBURY, ON, Oct. 9, 2024 /CNW/ – Critical minerals are not just the building blocks of clean technology like solar panels and electric vehicle batteries — they are a key ingredient for creating middle-class jobs and growing a strong, globally competitive Canadian economy. As demand for critical minerals around the world continues to surge with the increased adoption of clean technologies, Canadian workers and businesses have a generational opportunity to be global leaders and suppliers of critical minerals.

Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced over $5.1 million in funding for 16 projects in the critical minerals sector, as part of the Canadian Critical Minerals Strategy (CCMS), to position Canada as the reliable supplier of choice the world is looking for. This funding is provided through two key programs to increase the supply of responsibly sourced critical minerals and support the development of domestic and global value chains for the green and digital economy. This investment includes:

Critical Minerals Geoscience Data Initiative (CMGD): over $4.1 million is provided to support 10 projects to enhance access to important data and generate new insights on the geological potential of critical mineral sources.Global Partnerships Initiative (GPI): close to $1 million is provided to support six projects that will reinforce Canada’s growing number of bilateral commitments and engagements in the critical minerals space.

Across Canada, clean energy solutions are providing enormous economic opportunity. The critical minerals sector is already highly valuable to the Canadian economy. In 2022, the minerals and metals sector directly employed 420,000 people and contributed $109 billion to Canada’s total gross domestic product (GDP). Since 2020, automotive and battery manufacturers have announced investments of over $40 billion in electric vehicle production and the battery supply chain. With government support and demand for critical minerals expected to double by 2024, these sectors will only grow. Today’s investments will help deliver jobs and economic opportunities for communities and businesses across the country. 

Quote

“Critical minerals are a generational economic opportunity for Canada. From exploration and extraction to advanced manufacturing to processing and recycling, we are making investments across the value chain. This second call for proposals will support Canadian innovators to drive economic growth and job creation in communities right across Canada.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

Quick Facts

Budget 2022 provided $3.8 billion over eight years to implement the Canadian Critical Minerals Strategy. The funding covers a range of industrial activities, from geoscience and exploration to mineral processing, manufacturing and recycling applications.The Canadian Critical Minerals Strategy is part of Canada’s strengthened climate plan, 2030 Emissions Reduction Plan: Clean Air, Strong Economy, which advances Canada’s goals of reducing greenhouse gas emissions by 40 to 45 percent below 2005 levels by 2030 and reaching net-zero emissions by 2050.Funding for these projects comes from the $79.2 million in Budget 2021 allocated to the CMGD initiative to enhance the quality and availability of data and digital technologies to accelerate the responsible development of Canadian critical minerals resources and the $70 million allocated for the GPI in Budget 2022 to advance Canada’s global leadership on critical minerals under Canada’s Critical Minerals Strategy.The CMGD initiative includes $10 million in contribution funding for the provinces and territories to enhance access to important data and generate new insights on the geological potential of critical mineral sources. By harnessing the power of geoscience and data, we will pave the way for the responsible growth of industries that rely on these minerals, from technology and energy to defence and infrastructure.Through multilateral engagements, Canada is pursuing collective action on critical minerals to support the global transition to green energy and more-resilient supply chains. Canada currently produces 60 minerals and metals at 200 mines and 6,500 sand, gravel and stone quarries across the country.Canada is home to almost half of the world’s publicly listed mining and mineral exploration companies, with a presence in more than 100 countries and a combined market capitalization of $520 billion.

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Backgrounder: Government of Canada Supports Clean Growth Through Major Investments in Critical Minerals Sector

On October 9, 2024, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced over $5.1 million in funding for 16 projects in the critical minerals sector as part of the Canadian Critical Minerals Strategy (CCMS). Funding has been made available across two programs: the Critical Minerals Geoscience Data Initiative and the Global Partnerships Initiative.

Critical Minerals Geoscience Data (CMGD) Initiative
The CMGD initiative aims to strengthen Canadian critical minerals supply chains and support sustainable development of six priority minerals that are essential to key industries and national security (e.g., batteries, energy, defence, infrastructure). The CMGD initiative provides funding to advance the availability of valuable data and insights on the location, quality and economic feasibility of critical minerals resources.

The CMGD initiative is dedicated to unlocking the sustainable development of Canada’s critical minerals resources by providing essential knowledge and data to support informed decision-making. This is achieved through funding initiatives that help advance the availability of valuable data and insights on the location, quality and economic feasibility of critical minerals resources. By harnessing the power of geoscience and data, we are paving the way for the responsible growth of industries reliant on these minerals, from technology and energy to defence and infrastructure. Over $4.1 million is provided under the CMGD to support the following ten projects:

Analysis of Archived Till Samples for Lithium and Other Critical Elements in Southwestern and West-Central New Brunswick
Recipient: New Brunswick Geological Survey
Funding from CMGD: $108,300
Project Summary: This project will measure lithium and other critical minerals in sediments deposited by glaciers to examine the soil (till) landscape of New Brunswick. By making these data public, this project will contribute to public geoscience and may increase the attractiveness of the province for new exploration investment.

Extreme Fractionation of Late Silurian–Early Devonian Peralkaline Intrusions in the Northern Appalachians: Evaluation of HREE-Y resource petrogenesis
Recipient: New Brunswick Geological Survey
Funding from CMGD: $155,000
Project Summary: This project will investigate the spatial and temporal relationships between different types of rare earth elements deposits and their surrounding terranes by mapping the deposits and using high-precision geochemistry methods to calculate the ages of different components of deposits to understand how they form.

Critical Metal Potential of the Selwyn Sedimentary Basin: Primary and Secondary Geological and Geochemical Controls on Zinc and Vanadium Enrichment in Black Shales 
Recipient: Government of Northwest TerritoriesFunding from CMGD: $399,797
Project Summary: This project seeks to identify the factors that lead to enrichment of zinc and vanadium in the Selwyn Basin and to develop an improved mineral system model for zinc and vanadium mineralization in black shales.

Evaluating Drainage Sediments for Carbonatite-Hosted Critical Indicator Minerals
Recipient: British Columbia Geological Survey
Funding from CMGD: $495,000
Project Summary: This project aims to reduce the risk and cost of critical mineral exploration in B.C. by evaluating the potential for minerals collected from streams draining economically viable deposits of niobium, rare earth elements and other critical minerals to be used as “indicator minerals.”

Rare-Metals Pegmatites of the Slave Geological Province: A petrogenic re-examination with exploration implications
Recipient: Government of Northwest Territories
Funding from CMGD: $497,925
Project Summary: This project will de-risk investment decisions and increase Canada’s competitiveness with new, public geoscience data on critical minerals in the Slave Geological Province, N.W.T., to enable researchers and explorationists to model the formation and critical mineral potential in this area.

Geoscience Data Repository (Data Lake) for the Canadian Cordillera
Recipient: British Columbia Geological Survey
Funding from CMGD: $500,000
Project Summary: This project will develop a new database historical data held by the BC Geological Survey and the Yukon Geological Survey to enable mineral potential modelling of critical mineral-bearing systems and improve our understanding of the critical mineral potential across these jurisdictions.

Assessment Report-Sources Drillhole Database
Recipient: British Columbia Geological Survey
Funding from CMGD: $500,000
Project Summary: This project will support critical mineral potential modelling and exploration across B.C. with a new, province-wide drillhole database by digitizing information from mineral exploration and mining industry assessment reports.

Intrusive History of the Cordilleran Orogen
Recipient: British Columbia Geological Survey
Funding from CMGD: $483,300
Project Summary: This project will triple the amount of modern, high-precision age data available to the public for certain rocks associated with critical minerals and enable better modelling of critical mineral potential of these intrusive rocks in B.C.

Airborne Geophysical Survey to Target Rare Earth Mineralization in Southeastern Labrador
Recipient: Geological Survey of Newfoundland and Labrador
Funding from CMGD: $500,000
Project Summary: This project will provide public geoscience data to develop improved models for rare earth elements deposit formation, reduce risk for public- and private-sector investment decisions and facilitate decision-making for the exploration and sustainable development of mineral resources.

Nain Plutonic Suite Airborne Geophysics
Recipient: Geological Survey of Newfoundland and Labrador
Funding from CMGD: $500,000
Project Summary: This project will generate new public geoscience data that will enhance our understanding of the geologic evolution of Northern Labrador and its potential to host critical minerals (e.g., cobalt, copper, nickel, rare earth elements).

Global Partnerships Initiative (GPI)
As global demand for critical minerals increases, Canada continues to support value-added economic opportunities with like-minded partners and enhance its international leadership in critical minerals, including through a growing number of bilateral commitments and engagements without compromising its ability to deliver on domestically focused initiatives and priorities. The GPI is a key mechanism under the CCMS through which Canada provides this support for initiatives to advance Canada’s global leadership on critical minerals under the CCMS. Close to $1 million is provided under the GPI to support the following six projects:

Enabling Canadian Critical Mineral Supply Chain Transparency and Traceability at Scale
Recipient: Quartech Systems Ltd.
Funding from GPI: $55,000
Project Summary: In collaboration with British Columbia’s Ministry of Energy, Mines and Low Carbon Innovation, this project will enhance the interoperability of a commercial-stage application of open-source technology to enable critical minerals supply chain traceability and create meaningful global climate action and environmental protection.

Uranium Traceability and ESG Labeling in Value Chains
Recipient: Aisimpro Inc.
Funding from GPI: $123,750
Project Summary: This project aims to develop and implement a blockchain powered system for critical mineral traceability and environmental, social and governance (ESG) measures in mining, with a specific focus on the uranium value chain. 

Mimosi-One: Online Regulatory Sandbox for Promoting Adoption of Digital Traceability and Transparency Platforms in the Critical Minerals Sector
Recipient: Peer Ledger Inc.
Funding from GPI: $165,300 
Project Summary: This project will offer an online regulatory technology sandbox to support up to 20 critical sector companies and their supply chains to deploy digital circular value chains. 

Transparent Canadian Battery Supply Chain GHG and ESG Performance
Recipient: Optel Group (Optel Vision Inc.)
Funding from GPI: $165,300
Project Summary: This project will establish the preliminary greenhouse gases and ESG performance of a Canadian nickel-manganese-cobalt battery supply chain in a transparent and traceable manner. 

Enhancing Supply Chain Traceability With Digital TSM Credentials
Recipient: Northern Block Inc
Funding from GPI: $165,300
Project Summary: This project seeks to transform the Canadian critical minerals industry by improving the availability and value of Towards Sustainable Mining (TSM) data, utilizing Northern Block’s critical-mineral–focused technology solutions in partnership with the Mining Association of Canada. It aims to streamline and digitize the reporting process, convert reports into secure digital credentials, support ESG standards and facilitate informed decision-making in various sectors.

Disbursement of Voluntary Contribution to International Energy Association Critical Minerals Working Party 
Recipient: International Energy Association
Funding from GPI: $325,000
Project Summary: Under the IEA Standing Group on Long-Term Cooperation, a Critical Minerals Working Party (CMWP) was set up to guide the development of a critical minerals program of work, which will lead to concrete proposals at the IEA Ministerial in February 2024. Within the CMWP, and in alignment with Canada’s Critical Mineral Strategy, a key focus is on improving the performance of international critical mineral supply chains in terms of ESG standards and metrics.

Associated Links

Canadian Critical Minerals StrategyCanada’s strengthened climate plan, 2030 Emissions Reduction Plan: Clean Air, Strong EconomyMinister Wilkinson Releases Canada’s $3.8-billion Critical Minerals Strategy to Seize Generational Opportunity for Clean, Inclusive GrowthPrograms and funding for critical minerals projectsStrategic Innovation FundCritical Minerals Geoscience and Data InitiativeCritical Minerals Research, Development and Demonstration ProgramA healthy environment and a healthy economy

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SOURCE Natural Resources Canada

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BTQ Technologies’ QSSN Selected as Core Security Infrastructure for South Korea’s First Bank-Led KRW Stablecoin Proof-of-Concept

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BTQ provides strategic advisory support and QSSN as core PQC security infrastructure for the iM Bank initiative on the Kaia mainnet, advancing post-quantum migration across global financial infrastructure

BTQ has been selected as the core post-quantum cryptography security technology provider for South Korea’s first bank-led KRW stablecoin proof-of-concept, delivering its Quantum Secure Stablecoin Settlement Network (“QSSN”) for the initiative.
 BTQ is providing strategic advisory support and helping coordinate implementation across the partnership with iM Bank and Finger, supporting the integration of post-quantum protections into regulated digital money infrastructure.
 Built on the Kaia mainnet, the proof-of-concept is connected to the blockchain ecosystems originally developed by Kakao and LINE, linking the initiative to two of the largest messaging and digital platform ecosystems in Korea and Japan.

VANCOUVER, BC, May 6, 2026 /PRNewswire/ – BTQ Technologies Corp. (“BTQ” or the “Company”) (Nasdaq: BTQ) (CBOE CA: BTQ), a global quantum technology company focused on securing mission-critical networks, today announced that it it has been selected as the core PQC security technology provider through its Quantum Secure Stablecoin Settlement Network (“QSSN”) in a proof-of-concept with its Korean strategic partner, Finger Inc. (“Finger”), and iM Bank, a leading Korean commercial bank, for South Korea’s first bank-led Korean won stablecoin infrastructure incorporating post-quantum cryptography (“PQC”).

The proof-of-concept represents more than a technical pilot. It marks an important step in bringing next-generation quantum security into banking infrastructure within Korea’s regulated financial system. In addition to providing QSSN as the core PQC security framework, BTQ is contributing consulting and strategic coordination across the three-way partnership, helping align the project’s security architecture, implementation approach, and long-term post-quantum migration objectives.

“Post-quantum migration requires more than a cryptographic upgrade. It requires coordination across infrastructure, implementation, and institutional stakeholders,” said Olivier Roussy Newton, Chief Executive Officer of BTQ Technologies. “In this initiative, BTQ is providing both strategic advisory support and QSSN as the post-quantum security architecture, while helping lead coordination across the three-way partnership. We believe this proof-of-concept demonstrates how financial institutions can begin integrating quantum-resilient protections into digital money systems in a practical and operationally viable way.”

South Korea’s First Bank-Led PQC Stablecoin Infrastructure Initiative

BTQ is working alongside iM Bank and Finger on a three-way initiative to validate the issuance and distribution infrastructure for a Korean won stablecoin. In addition to supplying QSSN as the PQC security layer, BTQ is providing consulting support and helping to guide coordination across the partnership as the parties evaluate how to integrate post-quantum protections into bank-led digital asset infrastructure.

The proof-of-concept will validate several key components, including real-time reconciliation between bank reserves and blockchain-issued supply, a global-standard smart contract architecture, connectivity to global infrastructure for overseas distribution, and the integration of a PQC-based dual-signature security structure. By applying BTQ’s PQC signature architecture alongside the existing ECDSA cryptographic framework, the system is designed to preserve operational continuity for financial institutions while proactively addressing future quantum computing threats.

Built on Kaia Mainnet

A notable feature of the proof-of-concept is that it will be implemented on the Kaia mainnet, one of Korea’s leading Layer 1 blockchain networks. Kaia was created through the merger of Klaytn, the blockchain originally developed by Kakao, and Finschia, the blockchain associated with LINE. Kakao and LINE sit at the center of two of the largest messaging and digital platform ecosystems in Korea and Japan, respectively, making Kaia a significant piece of regional digital infrastructure.

Klaytn previously participated in the Bank of Korea’s CBDC pilot ecosystem, and the Bank of Korea has continued to advance CBDC testing through initiatives such as Project Hangang.

By combining BTQ’s PQC technology with blockchain infrastructure tied to the Kakao and LINE ecosystems, the proof-of-concept is intended to establish a model that aligns institutional-grade security, blockchain scalability, and evolving regulatory requirements for digital money infrastructure.

QSSN as the Security Layer

The PQC security foundation for the initiative is BTQ’s Quantum Secure Stablecoin Settlement Network, or QSSN, a quantum-secure network architecture designed for stablecoin, tokenized deposit, payment, and digital asset infrastructure. QSSN is designed to protect critical issuer functions, including stablecoin issuance, burning, transfer authority, upgrade control, and administrative permissions, by integrating PQC-based signatures while maintaining existing user experience and operational workflows.

BTQ has previously announced that QSSN was highlighted in the U.S. Post-Quantum Financial Infrastructure Framework (“PQFIF”) as a model architecture for post-quantum digital money infrastructure. The Company has also positioned QSSN as a standards-oriented initiative advanced through QuINSA and aligned with emerging post-quantum financial infrastructure requirements.

Addressing the Harvest-Now, Decrypt-Later Risk

The timing of the proof-of-concept reflects the growing urgency surrounding the “Harvest-Now, Decrypt-Later” risk, in which attackers may collect encrypted financial data today and decrypt it later once sufficiently advanced quantum capabilities emerge. Global institutions are already accelerating post-quantum migration. The U.S. National Institute of Standards and Technology (“NIST”) has finalized its first set of post-quantum cryptography standards, including ML-DSA, ML-KEM, and SLH-DSA, while major technology companies and financial institutions continue to define their own post-quantum transition timelines.

BTQ’s QSSN addresses this challenge through a dual-signature design that allows existing ECDSA-based infrastructure to operate in parallel with NIST-aligned PQC signatures such as ML-DSA. This approach enables banks and payment infrastructure providers to begin a phased transition toward quantum-safe security without disrupting existing systems.

Expanding BTQ’s Korean Ecosystem

BTQ continues to expand its Korean ecosystem across digital assets, payments, banking infrastructure, and hardware-based security. In October 2025, BTQ announced that Finger had joined Danal as an early participant in BTQ’s QSSN pilot program, with the initiative expected to progress from proof-of-concept toward commercialization under QuINSA-aligned guidelines and broader industry frameworks such as PQFIF.

The commencement of the iM Bank proof-of-concept represents an important commercial signal for BTQ, indicating that demand for post-quantum migration among Korean financial institutions is beginning to move from policy discussion toward infrastructure-level implementation. As Korea advances both quantum technology policy and stablecoin-related regulatory discussions, BTQ believes QSSN is well positioned at the intersection of regulated finance, digital asset infrastructure, and post-quantum security.

About iM Bank
iM Bank is a South Korean commercial bank and a subsidiary of DGB Financial Group. Headquartered in Daegu, iM Bank presents itself as a financial companion for customers and traces its roots to Daegu Bank, which was established in 1967 as Korea’s first regional bank. For more information, please visit https://www.imbank.co.kr/

About Finger Inc. Group
Finger supplies and develops financial IT solutions to provide optimized money management strategies for employees and corporate customers. Providing “Smartphone Financial Services”, “Corporate Cash Management Services” for businesses, “Private Wealth Management Services” for private consumers.

Since the year 2000, Finger has accumulated a number of awards and patents regarding its businesses. Based on its Mobile Enterprise Application Platform(MEAP) Orchestra and its funds management system using screen-scrapping technologies, Finger was the first company in Korea to deliver a smartphone banking banking-service. For more information, please visit http://www.finger.co.kr/

About BTQ
BTQ Technologies Corp. (Nasdaq: BTQ | Cboe CA: BTQ) is a quantum technology company focused on accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio and deep technical expertise, BTQ is advancing a full-stack, neutral-atom quantum computing platform spanning hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense.

Connect with BTQ: Website | LinkedIn | X/Twitter

ON BEHALF OF THE BOARD OF DIRECTORS
Olivier Roussy Newton
CEO, Chairman
Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as “anticipate”, “intend”, “expect”, “plan” or “may” and the variations of these words are intended to identify forward-looking statements and information.

The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company’s research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE BTQ Technologies Corp.

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Zimmer Biomet to Present at the BofA Securities 2026 Health Care Conference

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WARSAW, Ind., May 6, 2026 /PRNewswire/ — Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, today announced that members of the Zimmer Biomet management team will participate in the Bank of America Securities Health Care Conference on Wednesday, May 13, 2026, with a fireside chat at 8:40 a.m. PT (11:40 a.m. ET).

A live audio webcast can be accessed via Zimmer Biomet’s Investor Relations website at https://investor.zimmerbiomet.com. It will be available for replay following the fireside chat.

About Zimmer Biomet 
Zimmer Biomet is a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health. We seamlessly transform the patient experience through our innovative products and suite of integrated digital and robotic technologies that leverage data, data analytics and artificial intelligence.

With 90+ years of trusted leadership and proven expertise, Zimmer Biomet is positioned to deliver the highest quality solutions to patients and providers. Our legacy continues to come to life today through our progressive culture of evolution and innovation. 

For more information about our product portfolio, our operations in 25+ countries and sales in 100+ countries or about joining our team, visit www.zimmerbiomet.com or follow on LinkedIn at www.linkedin.com/company/zimmerbiomet or X at www.x.com/zimmerbiomet.

Contacts:

 

Media

Investors

Troy Kirkpatrick

David DeMartino

614-284-1926

646-531-6115

troy.kirkpatrick@zimmerbiomet.com

david.demartino@zimmerbiomet.com

Kirsten Fallon

Zach Weiner

781-779-5561

908-591-6955

kirsten.fallon@zimmerbiomet.com

zach.weiner@zimmerbiomet.com

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SOURCE Zimmer Biomet Holdings, Inc.

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NextLadder Ventures Announces Co-Founder Leadership Team, Investment Focus Areas For Over $1 Billion Initiative Empowering Americans with Personalized, Tech-Enabled Support Tools

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New senior hires from Google and The Collaborative Fund to lead product strategy and venture investing

Fund unveils first investment focus areas to catalyze new ‘Navigation Technology’ market, equipping Americans with cutting-edge tools to achieve economic security, opportunity and empowerment

ST. LOUIS, May 6, 2026 /PRNewswire/ — NextLadder Ventures, a new fund backed by more than $1 billion in capital, today announced its priority investment areas for building a new market for “Navigation Technology” (NavTech) — tools that provide Americans with personalized solutions to navigate life’s challenges and achieve greater economic mobility — and announced its co-founding team, including two new senior hires.

The fund’s active focus areas are based on extensive research identifying the key experiences and high-stakes decision points that have an outsized impact on American families’ economic mobility. Launched investment areas include financial health, career navigation, and benefits and social services access, with further exploration underway around housing, legal aid, justice and re-entry, and mental and physical health. 

The organization is also today welcoming two senior leaders: Lauren Loktev is joining NextLadder as Managing Director of Investments and Brigitte Hoyer Gosselink as Managing Director of Product. Loktev was most recently a partner at the Collaborative Fund, where she backed several breakout companies in early child development, education, and sustainability. Gosselink comes to NextLadder from Google, where she led the company’s AI and social impact portfolio. They join a growing team which has deep expertise at the intersection of economic mobility, technology, public policy, and philanthropy.

NextLadder’s Focus Areas for Investment

Today, the fund is kicking off a plan to deploy $1 billion over the next seven years to accelerate the design, development, and deployment of accessible NavTech tools that aim to help families more successfully navigate the major life experiences that determine whether they get ahead or fall behind. As NextLadder’s inaugural frontier AI lab partner, Anthropic is supporting the build-out of the organization’s AI-native capabilities and is offering technical assistance to NextLadder’s portfolio organizations. 

As an increasing proportion of Americans across income levels find themselves overextended and overwhelmed, NavTech tools are designed to help individuals and families understand their options, connect to information and resources, and take action to recover from a setback or take advantage of an opportunity and reclaim their economic futures.

“Life is getting harder, and too many Americans are stuck facing some of the most complex and consequential moments of their lives without much support,” said Ryan Rippel, CEO of NextLadder Ventures. “Every day, millions in this country face fork-in-the-road decisions that have major implications on whether they climb up the economic ladder or fall farther behind. AI has understandably intensified many Americans’ anxieties about their jobs and their security in the economy. But these technologies are now also making it possible to deliver highly personalized, affordable tools to meet the needs of tens of millions of Americans in a way that has never been practically achievable or financially viable before. With NavTech tools, built for the reality of families’ everyday experiences, we can empower Americans to overcome setbacks, navigate life’s toughest financial decisions, and build more secure futures.”

NavTech tools, built with the needs of individuals, families, and trusted community partners at the center of their design, have the potential to ease burdens most acutely faced by 90 million Americans who live in households that have difficulty in paying for usual home expenses, and turbocharge the capacity of the 1.6 million community workers in non-profit or local, state, and federal government roles who serve them. This growing category of digital technologies includes tools that help families access opportunities such as personalized financial advice and legal aid, get connected with available resources and programs, and manage unexpected hurdles like losing a job or facing an eviction – while freeing social workers and service providers to spend more time on people and less time on red tape and paperwork.

The fund’s active investment areas include:

Financial Health: Developing highly personalized, AI-powered financial health tools that can provide tailored, sustained counsel to help users build savings and protect and recover from financial shocks;
Career Navigation: Building tools to support career navigation, manage and support career transitions, and help workers, case managers, and employers identify pathways to living wage work — all designed to help people successfully find the right jobs for them.
Benefits & Social Services Access: Helping eligible Americans seamlessly identify and enroll in all the benefits and social services available to them, particularly those that support career navigation and transitions, help them navigate critical life moments, and achieve stability toward economic opportunity.

NextLadder is exploring additional focus areas, including housing, legal aid, justice and re-entry, caregiving, and mental and physical health. More on the organization’s vision of these focus areas is available HERE.

In addition to backing direct NavTech solutions, NextLadder is investing in the developers, partners, and standards required to build a durable, self-sustaining market. Across all focus areas, the fund is prioritizing efforts to ensure NavTech tools are reliable, protect users’ privacy, and are trusted by the families who depend on them.

NextLadder’s Co-Founder Leadership Team

NextLadder’s five co-founders will be CEO Ryan Rippel, Chief Strategy and Operations Officer Rhett Dornbach-Bender, Chief of Staff Callie Schwartz, and the two new senior hires: Managing Director of Investments Lauren Loktev and Managing Director of Product Brigitte Hoyer Gosselink, rounding out the fund’s expertise in investing, technology, and impact.

“We’re thrilled to welcome Lauren and Brigitte to the NextLadder team,” said Rippel. “Brigitte has spent her career proving that when applied purposefully, AI and technology can deliver meaningful benefits for communities, and she’ll set the bar for what NavTech tools can deliver for American families today and in the years to come. And with her deep experience backing mission-driven founders, Lauren is the perfect leader to build our venture practice from the ground up and accelerate the growth of the NavTech field. With this team in place, we’re positioned to make NavTech tools easier to build, fund, and access so they reach the people who need them most.”

Loktev brings 15 years of venture capital experience investing at the intersection of for-profit and for-good. Most recently at Collaborative Fund, she backed several companies to significant scale and launched Collab+Sesame, a first-of-its-kind thematic seed fund in partnership with Sesame Workshop focused on early childhood education. At NextLadder, she will build and lead the fund’s venture practice, sourcing and scaling investments in the founders building the next generation of NavTech tools.

“We have a once in a generation opportunity to help steer AI solutions toward those who need them most,” said Loktev. “Many amazing, accomplished founders see this too, and they are on a mission to build scalable, transformative businesses in the critical verticals that help people navigate life-changing moments. I couldn’t be more excited to join NextLadder and to support the most inspiring leaders building this market from the ground up. Thanks to our unique, long-term mandate, we can be creative and flexible in investing across stage and check size to partner with the entrepreneurs and leaders we believe will change the world.”

Prior to her role at NextLadder, Gosselink spent over a decade at Google in several roles including Director of AI and Social Impact, directing more than $500 million in funding for organizations applying AI to address challenges including crisis response, education, and economic opportunity. At NextLadder, she will lead AI and product strategy across the fund’s portfolio, backing solutions and setting market-wide standards for how NavTech tools are designed, evaluated, and improved over time.

“If we collectively harness the AI transformation strategically and purposefully, we can transform the way Americans are empowered to access greater economic mobility,” said Gosselink. “We believe that people-centered products, combined with shifts in the market and the services available to families, can fundamentally reshape how millions of Americans navigate critical moments and achieve prosperity on their own terms.”

To request interviews from the NextLadder Ventures leadership team, contact media@nextladder.com.

About NextLadder Ventures

NextLadder Ventures is a time-bound venture with one goal: empower millions of Americans to reach their potential by 2040. Backed by over $1 billion in capital, the organization invests in breakthrough technologies that remove barriers to economic success and put people in control of their futures. NextLadder Ventures is trailblazing a new market for tech-enabled Navigation Technology tools that help people access the resources they need to navigate pivotal moments — offering flexible, risk-tolerant capital to entrepreneurs building these transformative tools today, while creating a pipeline of tech, talent, and capital for the long run.

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SOURCE NextLadder Ventures

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