Tech pioneers graduate from accelerator
Ten companies have graduated from the first technology accelerator programme aimed at firms launch their bright ideas in the oil and gas industry.
The firms have completed a 16-week intensive programme under the Aberdeen-based Oil & Gas Technology Centre Techx Pioneers Programme which has help them secure funding of up to £100,000.
The programme’s strategic partner, BP Ventures, will also award additional funding totalling £100,000 to two of the firms - RAB Microfluidics and Intelift - along with access to the oil giant’s facilities and expertise.
David Millar, Techx director at the Oil & Gas Technology Centre said: “The last 16 weeks have been tough and intense, exciting and inspiring. The engagement from industry has been amazing and the support of our mentors and partners have been outstanding.”
As part of their time in the accelerator, the companies have together held more than 150 meetings with industry leaders and secured a total of seven field trials with major operating companies.
Scottish energy minister Paul Wheelhouse said: “Techx is truly a ground-breaking and innovative accelerator programme. The added value of exposure to industry leaders, fellow entrepreneurs and investors is invaluable and I’m impressed by what the pioneers have been able to achieve.”
Applications for next Pioneer Programme will open on 1 October with the next cohort starting at the centre next Spring.