Today sees the launch of the second year of the Oil & Gas Technology Centre’s TechX Pioneers programme. The unique accelerator and incubator programme backed by more than 120 industry partners and mentors, will support a select group of start-up technology developers to take their solutions to the oil and gas market-faster.
From today applications are open for the Pioneer programme which will provide up to £100,000 for start-up new technology ideas with no equity or payback, as well as the developers retaining all intellectual property.
BP Ventures have confirmed that they will be the strategic partner for the Pioneer programme for the second year running. This partnership will see them offer up to £135,000 to outstanding Pioneers, as well as dedicated access to BP’s facilities and expertise.
Over the next four months the TechX Pioneer campaign will be getting out and about to cities including Edinburgh, Manchester and London in the UK and Boston and Houston in the US to encourage technology start-ups internationally to apply for a place on the programme.
The launch of the second, annual programme is fast on the heels of the graduation of the first cohort of TechX Pioneers last month. During the 16-week programme these 10 companies experienced business mentors, co-working space, forward-thinking business partners, rapid prototyping, test facilities, large scale field trials, and showcase events.
Using the extensive network of the OGTC, the Pioneers had over 150 meetings with 47 different operators and service companies during the programme. This unique opportunity provided the 10 start-ups with insight, validation and six of them have received expressions of interest for field trials.
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