WEBVTT

38b06ea9-0ae9-4cfa-8ecf-5c122ea4d2e1-0
00:00:00.040 --> 00:00:03.362
In this particular case, we had biology,
meets mining,

38b06ea9-0ae9-4cfa-8ecf-5c122ea4d2e1-1
00:00:03.362 --> 00:00:05.840
meets agriculture to really great effect.

547c8537-5302-4bbb-bf42-6b29905a9a9b-0
00:00:06.160 --> 00:00:10.716
And I think that's a signpost to a new
investment strategy that is much more

547c8537-5302-4bbb-bf42-6b29905a9a9b-1
00:00:10.716 --> 00:00:14.800
nuanced and maybe braver to take complex
solutions towards problems.

43300ef7-a3bc-482b-9bd1-b2165b20543d-0
00:00:15.600 --> 00:00:17.080
Thank you, all, so much for being here.

50ee06d5-449e-4ccd-a46d-bc0aebff760e-0
00:00:17.080 --> 00:00:19.769
Michael, starting with you,
what is extraction technology,

50ee06d5-449e-4ccd-a46d-bc0aebff760e-1
00:00:19.769 --> 00:00:21.000
and why is it so important?

fbd65245-c427-41c6-ad9c-a91c2612f53c-0
00:00:21.560 --> 00:00:25.084
So at Engine Ventures,
we look for technologies that solve

fbd65245-c427-41c6-ad9c-a91c2612f53c-1
00:00:25.084 --> 00:00:26.040
global problems.

31611843-78a6-4f16-8525-21411bdf2698-0
00:00:26.520 --> 00:00:29.400
One of the problems that we've been
focusing on is metals and mining.

295e73a8-8772-4c3d-958e-325009fbc031-0
00:00:29.840 --> 00:00:32.865
And the challenge is,
as we push into the 2030s,

295e73a8-8772-4c3d-958e-325009fbc031-1
00:00:32.865 --> 00:00:37.248
we see significant supply constraints
across energy transition metals.

295e73a8-8772-4c3d-958e-325009fbc031-2
00:00:37.248 --> 00:00:41.632
And there are not a lot of great
solutions for how you take and expand

295e73a8-8772-4c3d-958e-325009fbc031-3
00:00:41.632 --> 00:00:44.040
that supply base in a really large way.

2d14bfb0-005d-4f6f-a5dd-3b5e8cbcda71-0
00:00:44.040 --> 00:00:47.527
Everything we see on the innovation side
is a little—it's kind of an incremental

2d14bfb0-005d-4f6f-a5dd-3b5e8cbcda71-1
00:00:47.527 --> 00:00:49.120
gain here, an incremental gain there.

5b063628-aec5-42db-a93e-0b6ec329db73-0
00:00:49.520 --> 00:00:54.879
But we need massive changes in the supply
of metals and nickel and copper and

5b063628-aec5-42db-a93e-0b6ec329db73-1
00:00:54.879 --> 00:00:55.360
others.

9b3099f8-aa76-401a-b50c-f3f36baaab00-0
00:00:56.000 --> 00:01:01.157
And that is what led us to Genomines and
phytomining—the opportunity to not

9b3099f8-aa76-401a-b50c-f3f36baaab00-1
00:01:01.157 --> 00:01:05.636
improve supply on the margin,
but massively expand global supply,

9b3099f8-aa76-401a-b50c-f3f36baaab00-2
00:01:05.636 --> 00:01:10.589
reducing constraints across the world,
be they geographic, geopolitical.

9b3099f8-aa76-401a-b50c-f3f36baaab00-3
00:01:10.589 --> 00:01:16.222
All of those things come together to make
this a really interesting opportunity to

9b3099f8-aa76-401a-b50c-f3f36baaab00-4
00:01:16.222 --> 00:01:17.240
fund Genomines.

d17b0c2d-1069-4035-825d-8bd8586211eb-0
00:01:18.080 --> 00:01:20.469
Fabien,
and talk to us about the work you're

d17b0c2d-1069-4035-825d-8bd8586211eb-1
00:01:20.469 --> 00:01:21.000
doing with

652927bb-4667-41da-8d2f-a69d6257336a-0
00:01:21.000 --> 00:01:21.320
Genomines.

510dda43-74a5-43c0-b4b3-08c3676c3320-0
00:01:21.800 --> 00:01:22.680
So at Genomines,

b152dcae-d5b7-42ed-826a-8a21562a456d-0
00:01:22.720 --> 00:01:27.239
we found a way to genetically enhance
plants that have the ability to extract

b152dcae-d5b7-42ed-826a-8a21562a456d-1
00:01:27.239 --> 00:01:31.643
metal from the soil, through their roots,
and accumulates the metal at high

b152dcae-d5b7-42ed-826a-8a21562a456d-2
00:01:31.643 --> 00:01:33.440
concentration in their biomass.

c02eb691-f656-4f1d-a248-e5b29d615945-0
00:01:33.760 --> 00:01:34.760
So why is it important,

6b9c2a5e-54fa-4ede-a937-e61264998552-0
00:01:34.760 --> 00:01:38.587
and, to your points,
what difference does that introduce,

6b9c2a5e-54fa-4ede-a937-e61264998552-1
00:01:38.587 --> 00:01:43.800
is the fact that it could be way more
cost effective than the mining industry.

7bb05334-7a76-496a-b164-d806d83b8b69-0
00:01:44.640 --> 00:01:49.042
It could unlock enormous amount of
deposits that's today cannot be addressed

7bb05334-7a76-496a-b164-d806d83b8b69-1
00:01:49.042 --> 00:01:51.900
by the traditional mining industry and,
actually,

7bb05334-7a76-496a-b164-d806d83b8b69-2
00:01:51.900 --> 00:01:55.560
with better efficiency when it comes to
sustainability as well.

1a41de30-0a37-47cc-844f-550df4a0a821-0
00:01:56.480 --> 00:01:59.107
And Vuk,
what's changing when it comes to the way

1a41de30-0a37-47cc-844f-550df4a0a821-1
00:01:59.107 --> 00:02:02.523
investors are really thinking about green
growth and innovation,

1a41de30-0a37-47cc-844f-550df4a0a821-2
00:02:02.523 --> 00:02:03.680
and what matters most?

f549f65a-a963-4a9a-a2c9-3aeb05456dff-0
00:02:04.040 --> 00:02:07.720
I would urge investors to think beyond
the established categories.

20bab4a5-8ec1-4e47-a336-4d89b686cb37-0
00:02:08.320 --> 00:02:12.938
I think they really need to look at the
deals like Genomines with the interesting

20bab4a5-8ec1-4e47-a336-4d89b686cb37-1
00:02:12.938 --> 00:02:17.275
perspective of taking maybe a different
domains and deploying them on a very

20bab4a5-8ec1-4e47-a336-4d89b686cb37-2
00:02:17.275 --> 00:02:18.120
tricky problem.

ae88a402-9f47-4d76-96c1-01a929b54486-0
00:02:18.440 --> 00:02:21.762
In this particular case, we had biology,
meets mining,

ae88a402-9f47-4d76-96c1-01a929b54486-1
00:02:21.762 --> 00:02:24.240
meets agriculture to really great effect.

a75cd3f4-9a6b-4e43-a74f-b1ca2ce52d0a-0
00:02:24.560 --> 00:02:29.116
And I think that's a signpost to a new
investment strategy that is much more

a75cd3f4-9a6b-4e43-a74f-b1ca2ce52d0a-1
00:02:29.116 --> 00:02:33.200
nuanced and maybe braver to take complex
solutions towards problems.

11ebafcf-eb6e-4713-a643-045199c94d7f-0
00:02:34.080 --> 00:02:34.880
Thank you so much.