The Royal Swedish Academy of Engineering Sciences (IVA)

Minalyze awarded for smart digitalization of the mining industry

11.10.2023 00:00:00 CEST | The Royal Swedish Academy of Engineering Sciences (IVA) | Press Release

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Minalyze wins IVA's Smart Industry 2023 Business Competition. The company has developed advanced digital technologies as a basis for a world-unique offering that strengthens the mining industry's ability to collect and visualize geological data.

The jury's  motivation

Minalyze AB wins the 2023 Smart Industry Business Competition for using proprietary advanced digital technologies as a base for developing a world-unique offering that strengthens mining companies' ability to collect and visualize geological data. Minalyze's digital technology also strengthens the Swedish mining industry, contributes to Europe's independence from metals and minerals from other geopolitical regions, and accelerates society's electrification and the green transition. 

"The jury has had a difficult task to select a winner as there has been an extremely high quality among the candidates. This gives an indication of the breadth of innovative companies that exist in Sweden when it comes to digitalisation," says Fredrik Hörstedt, vice president of IVA and chairman of the jury.

Honorable mentions to Åkerströms Björbo and Preformance 

Åkerströms Björbo AB, that offers radio control and digital services for industrial processes, and Preformance AB, that focuses on the production of injection-moulded plastic parts, are honoured with honorable mention.

The jury's motivations  

Åkerströms Björbo AB is awarded an honorable mention in the 2023 Business Competition for its long tradition of digitalization, always based on the customer's needs and with more efficient use of resources and a reduced climate footprint as guiding principles. Renew its offering and value creation for its customers, while at the same time undergoing radical changes internally. Åkerströms Björbo's development shows that it is possible to conduct competitive business even far beyond the traditional industrial regions, which provides clear encouragement to other Swedish entrepreneurs. 

Preformance AB is awarded an honorable mention in the 2023 Smart Industry Business Competition for their highly efficient development and production, well-thought-out recruitment and use of advanced digital tools, creating great customer value, high productivity and a profitable business in rapid growth. Preformance shows that modern manufacturing industry has a natural place in Sweden and the company has the potential to become an important supplier to even more Swedish customer companies. In addition, Preformance inspires other Swedish manufacturing companies to take similar development steps.

Photo: Stefan Hollertz

IVA's Smart Industry Business Competition

The Smart Industry Business Competition was instituted in 2016 by Siemens, Teknikföretagen and IVA and has been held annually since then. The competition recognises and rewards companies that take advantage of the possibilities of digitalisation in a smart and innovative way with clear results. The aim is to stimulate small and medium-sized companies' digital and sustainable transformation by highlighting good examples that can show the way forward. 

The Smart Industry business competition 2024 is financed by Scania, Siemens and Teknikföretagen.

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About The Royal Swedish Academy of Engineering Sciences (IVA)

The Royal Swedish Academy of Engineering Sciences (IVA) is an independent academy with a mission “...to promote engineering and economic sciences and the advancement of business and industry for the benefit of society.” IVA has approximately 1,300 elected Swedish and international Fellows, along with 250 member companies on the Business Executives Council. We bring together leading engineers, economists, researchers, entrepreneurs and leaders in business and the public sector, who contribute generously to IVA’s operations through their intellectual capital and their engagement.

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