The Swedish Metals & Minerals Impact Innovation Report 2024–2025 has been published
News
Metals and minerals are essential for the transition, while the supply challenge is becoming increasingly complex. In the Swedish Metals & Minerals Impact Innovation Report 2024–2025, we summarize the start-up phase: what we have built so far and the insights that matter for the next steps on the path towards the program’s mission.
Swedish Metals & Minerals is a mission-driven program within Impact Innovation. Our mission is to enable a sustainable and resilient supply of metals and minerals for the societal transition. By “enable”, we mean building the conditions needed across the entire value chain — from exploration and extraction to processing, materials development, use and recycling.
During 2024–2025, the program has been in an establishment and start-up phase. This is a period in which we both mobilize broadly and build governance and portfolio logic so that efforts can become increasingly targeted towards the mission over time.
The program in numbers (2024–2025)
In total, we have carried out 11 calls. This has resulted in 285 project applications and 135 funded projects involving 254 participating organizations. Net granted funding amounts to SEK 316,538,569 and external co-funding amounts to SEK 190,133,451.
Key insights from the establishment phase
One clear lesson is that mission-driven work often produces time-lagged effects. A growing portfolio is not the same as achieving the mission, which is why we need to follow up and learn over time.
This also makes sustained delivery capacity essential: the theory of change and roadmap need time to take effect, otherwise efforts risk becoming fragmented rather than contributing to system change.
The next step is therefore to continue sharpening governance and steering the portfolio even more clearly towards the mission, while maintaining a whole-system perspective. To achieve the mission, technology, skills, economics, regulation and societal legitimacy need to develop in parallel.
Impact Innovation is Sweden’s innovation investment for the 2030s, bringing together five mission-driven programs: Net Zero Industry, ShiftSweden, SustainGov, Swedish Metals & Minerals and Water Wise Societies. Together, the programs are now presenting their first Impact Innovation Reports for 2024–2025.
