Tanzania - Startup under 3 years old

Décrivez votre projet en quelques mots

We’re a pioneering Tanzanian mining startup focused on climate-driven exploration. Leveraging drones, AI, and magnetic sensors, we predict commercially viable mineral deposits more efficiently and cost-effectively. Our primary targets are Neodymium (Nd)

01.01 Décrivez votre startup en détail

We are the first climate-driven Tanzania mining early stage startup . We are using drones,AI and magnetic sensors to fast track the mineral explorations by quickly and far accurately predicting areas with commercially viable minerals deposits in more efficient and cost-effective ways.We have targeted two minerals that share many other geological and geochemical factors, magnetic properties as well as the business demand in the world due to its scarcity. The two minerals are Neodymium (Nd) and Nickel (Ni) at an efficiency from 85-100% in 5-10 Km underground. 1.1 Our Vision We aspire to be a leading rare mineral exploration company delivering value creation that drives green energy transition to our shareholders in East Africa and beyond. 1.2 Our Mission Fast-tracking mineral exploration efficiency in order to provide critical minerals for energy transition.

01.02 Quel est le problème principal que vous essayez de résoudre ?

The mining and primary resource extraction sector is an extremely asset-intensive industry, where the continuous and reliable operation of large physical equipment is a key part of revenue generating activities. There are millions of dollars wasted on mineral exploration and the failure rates are incredibly high. The world is already in demand for over 500% of rare minerals due to the high demand to create electric cars, trains, solar panels and wind turbines. Conventional exploration techniques usually rely on substantial geological field work including dense in-site sampling with long delays until provision of analytical results. However, this approach is limited by land accessibility, financial status, climate and public opposition. Unfortunately, their occurrence in nature is rare, and finding them is often extremely challenging geologically, environmentally taxing, slow, complex processes and always leaving social stigma in surrounding habitats.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service fourni par votre startup (au moins 3).

Nyika Ventures innovation is boosting critical survey efficiency and on-site safety while reducing costs and time by more than 30% of capital. That is done via reducing quarry and mining operations costs time and risks over terrestrial-monitoring methods. Our hybrid innovation helps mining companies be more efficient and increase their return on investment (ROI) by providing accurate and high-precision data—quickly without more than highly trained staff. Along with that, our company is providing a stronger possibility to be the first climate-smart mining venture in East Africa while minimising project cost, schedule time and potential harm to the environment. With the world’s most detailed geological data at your fingertips,you know you’re making the right decisions for yourself and for the development partners. Drones have the potential to provide non-invasive and eco-friendly platform from which the environmental impact of exploration and mining activities such as soil erosion, acid

01.04 Veuillez décrire précisément à qui s'adresse le produit/service de votre startup. Quels sont les bénéficiaires visés ?

1. Mining Companies: Struggling with the high costs (millions wasted annually) and inefficiency (failure rates incredibly high) of traditional exploration, 85-100% accuracy in pinpointing valuable deposits within 5-10 kilometers underground offers a significant advantage. Nyika Venture can help them streamline exploration, reduce risk, and unlock Tanzania's mineral wealth. 2. The Global Community: Demand for REEs like Neodymium and Nickel is critical for clean energy technologies, but current extraction methods are unsustainable. By providing a more efficient and environmentally friendly exploration method, Nyika Venture contributes to achieving the UN's sustainable development goals. This benefits everyone concerned with the energy transition and responsible mineral sourcing.

01.05 Quand votre entreprise a-t-elle été créée ?

27/02/2022

01.06 Vendez-vous déjà votre produit/service ?

Non

01.07 Combien y a-t-il de propriétaires de votre entreprise en plus de vous ?

4

01.08 Parmi les autres propriétaires, combien sont des femmes ?

4

01.09 Veuillez décrire le profil des autres propriétaires de votre startup (compétences, expérience, etc.).

Nyika Venture boasts a diverse leadership team with a compelling 8:2 split, featuring six ladies and two men.These young leaders, 60% final year student and 40% graduates from last year's university classes, bring a powerful combination of technical expertise and fresh perspectives. Geoscientists (2): Experts in mineral exploration and Tanzania's geology, guiding exploration strategies and data interpretation. AI Guru (2): Develop and implement our innovative drone-based exploration methods, aiming for 85-100% accuracy. Business & Sustainability (2): Ensure commercial viability and responsible practices, including securing millions in investment. Drone Pilot (2): A highly skilled professional with extensive experience in operating drones for data collection.

01.10 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

https://www.linkedin.com/in/nyika-venture-5b5715285/

01.11 Quel est le secteur d'activité qui décrit le mieux votre entreprise ?

Énergie (équipements, services, énergie durable et fossiles)

02.01.01 Ma startup contribue à l'objectif 'Pas de pauvreté'

7 - tout à fait d'accord

02.01.02 Justification de la contribution de ma startup

Absolutely, Nyika Venture can contribute to the UN's No Poverty Goal (SDG 1). Here's how: 1. Our growth creates high-tech jobs in Tanzania (geoscience, AI, robotics, drone piloting) empowering individuals and families. 2. Faster, more efficient exploration can boost Tanzania's economy, leading to increased government revenue for social programs. 3. Minimising negative impacts through sustainable exploration allows communities to benefit from resources without suffering hardship.

02.02.01 Ma startup contribue à l'objectif 'Faim Zéro'

3

02.02.02 Justification de la contribution de ma startup

N/A

02.03.01 Ma startup contribue à l'objectif 'Bonne Santé et Bien Être'

3

02.03.02 Justification de la contribution de ma startup

N/A

02.04.01 Ma startup contribue à l'objectif 'Éducation de Qualité'

4

02.04.02 Justification de la contribution de ma startup

N/A

02.05.01 Ma startup contribue à l'objectif 'Égalité entre les Sexes'

7 - tout à fait d'accord

02.05.02 Justification de la contribution de ma startup

Leading by example with a phenomenal 80% female founders, Nyika Venture champions gender equality. We empower aspiring women entrepreneurs through mentorship programs, connecting them with our experienced founders for invaluable guidance. Our commitment extends to the community, where workshops equip women with the skills they need to succeed in business and mining technology. Furthermore, scholarships and grants specifically target female entrepreneurs, removing financial barriers and fostering a thriving generation of women leaders in Tanzania's business ecosystem.

02.06.01 Ma startup contribue à l'objectif 'Eau Propre et Assainissement'

3

02.06.02 Justification de la contribution de ma startup

N/A

02.07.01 Ma startup contribue à l'objectif 'Énergie Propre et Abordable'

7 - tout à fait d'accord

02.07.02 Justification de la contribution de ma startup

Nyika Venture indirectly contributes to SDG 7 (Affordable & Clean Energy) by finding critical minerals for renewable energy technologies. Our efficient exploration helps reduce mining's environmental impact, promoting a more sustainable future.

02.08.01 Ma startup contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - tout à fait d'accord

02.08.02 Justification de la contribution de ma startup

Absolutely! Nyika Venture contributes to SDG 8 (Decent Work & Economic Growth) through job creation. Our growth can create hundreds of new high-tech jobs in Tanzania (geoscience, AI, robotics, drone piloting). This empowers individuals and families, fostering economic growth.

02.09.01 Ma startup contribue à l'objectif 'Industrie, Innovation et Infrastructure'

3

02.09.02 Justification de la contribution de ma startup

Nyika Venture tackles all aspects of SDG 9. Our drones minimize infrastructure disruption, while our efficient and sustainable exploration fosters a responsible mining industry. We create hundreds of high-tech jobs in Tanzania, promoting inclusion. Furthermore, our innovative technology disrupts the sector, paving the way for a sustainable future.

02.10.01 Ma startup contribue à l'objectif 'Réduction des Inégalités'

7 - tout à fait d'accord

02.10.02 Justification de la contribution de ma startup

yika Venture tackles inequality through economic empowerment. Hundreds of high-tech jobs in Tanzania uplift local communities. We go beyond jobs, investing in skills development through training programs. Additionally, a share of our success translates into community investment, benefiting those previously overlooked. This focus on economic opportunity, skills development, and community well-being helps bridge the gap and create a more inclusive future for Tanzania.

02.11.01 Ma startup contribue à l'objectif 'Villes et Communautés Durables'

2

02.11.02 Justification de la contribution de ma startup

N/A

02.12.01 Ma startup contribue à l'objectif 'Consommation et Production Responsables'

7 - tout à fait d'accord

02.12.02 Justification de la contribution de ma startup

Nyika Venture champions responsible consumption and production. Our drone tech minimizes land disruption (compared to traditional methods) and reduces waste. This, along with a focus on efficiency (saving companies time and resources), translates to less energy consumption (fewer vehicles) for a 20% potential reduction in the industry's environmental footprint. By using data-driven exploration, we avoid unnecessary resource extraction, promoting sustainability throughout the mining lifecycle.

02.13.01 Ma startup contribue à l'objectif 'Lutte contre les Changements Climatiques'

7 - tout à fait d'accord

02.13.02 Justification de la contribution de ma startup

Yes, Nyika Venture contributes to SDG 13 (Climate Action) in two ways: 1. By minimising the environmental impact of exploration compared to traditional methods, Nyika Venture can significantly reduce greenhouse gas emissions and land degradation associated with mining (target millions of tons less CO2). 2. Nyika Venture focuses on finding Neodymium and Nickel, crucial for electric vehicles and solar panels. This supports the shift to clean energy technologies, mitigating climate change.

02.14.01 Ma startup contribue à l'objectif 'Vie Sous-Marine'

4

02.14.02 Justification de la contribution de ma startup

N/A

02.15.01 Ma startup contribue à l'objectif 'Vie Terrestre'

4

02.15.02 Justification de la contribution de ma startup

N/A

02.16.01 Ma startup contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

1 - pas du tout d'accord

02.16.02 Justification de la contribution de ma startup

N/A

02.17.01 Ma startup contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

5

02.17.02 Justification de la contribution de ma startup

Nyika Venture thrives on collaboration to achieve the SDGs. Partnering with government agencies (like Tanzania's Ministry of Minerals) ensures responsible mining practices, aligning with SDG 17. We believe transparency and ethical sourcing are key. Additionally, by working with local communities (SDG 17), we minimize disruption and ensure mutual benefit, fostering a sustainable future for all stakeholders.

06.01 Un grand nombre de clients utilisent déjà un produit/service très similaire au nôtre.

3

06.02 Notre produit/service représente un type de produit/service entièrement nouveau

4

06.03 Notre produit/service pourrait être décrit comme une nouvelle technologie

7 - Tout à fait d'accord

06.04 Notre produit/service est une amélioration d'un produit ou d'un service existant

7 - Tout à fait d'accord

06.05 Notre produit/service pourrait être décrit comme une extension d'une gamme de produits ou de services

7 - Tout à fait d'accord

06.06 Notre produit/service répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

7 - Tout à fait d'accord

06.07 Notre produit/service est une nouvelle version d'un ancien produit/service

7 - Tout à fait d'accord

06.08 Justification

Nyika Venture stands out as a unique innovator. Our innovation disrupts mining with a positive ripple effect We disrupt traditional mining with: 1. Drone-powered exploration: Replacing land-based methods, our drones equipped with AI and magnetic sensors achieve an incredible 85-100% accuracy rate, saving mining companies millions. 2. Minimizing environmental impact through reduced land disruption, lower emissions, and less waste. This unique blend of efficiency and sustainability positions Nyika Venture as a leader, revolutionizing the mining industry for a greener, more prosperous future.

06.09 Analyse compétitive

Nyika Venture isn't just about efficiency; it's about a sustainable and data-driven future for mineral exploration. This combination of technological innovation and environmental responsibility positions you as a strong contender in the market. While Nyika Venture operates in a niche market, there are potential competitors to consider: 1. Established Exploration Companies who offer traditional exploration services using geophysical surveys, drilling, and core sampling. 2. Other startups might be developing drone-based exploration technology, but they may not be as advanced or focused on AI and sustainable practices.

11.05 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

Nyika Venture, led by a remarkable 80% women founders, is not only a thriving startup but also a champion for female entrepreneurs in Tanzania. We see ourselves as role models, inspiring others through our achievements. By offering mentorship programs, Nyika Venture connects our experienced founders with aspiring women entrepreneurs, providing them with invaluable guidance and support. We don't stop there - our commitment extends to the community through workshops where we share our expertise in business and cutting-edge mining technology. Nyika Venture is even paving the way for future female leaders by offering scholarships and grants, empowering women to launch or grow their businesses and take their rightful place in Tanzania's entrepreneurial ecosystem.