A ground-breaking collaboration between the OGTC and DSV, TechX Ventures is focused on delivering technologies that will position the oil and gas industry for a sustainable, low-carbon future. The OGTC recently announced its 2019 TechX Pioneers, with 10 start-ups from across the oil and gas and clean-tech industries.
Integrating DSV’s experience in developing science-driven companies, which have historically included Hark (Google) and Surreal Vision (Facebook), will bolster the programme’s focus on broader industry challenges.
Working directly on oil and gas challenges for the first time, DSV has helped unlock solutions that will position the industry as a valued part of a balanced low carbon energy mix, such as automation, artificial intelligence and energy efficiency.
Eltera and Optic Earth, who were selected to join the TechX Pioneer programme through the TechX Ventures programme, are focused on two key industry opportunities
They will join 10 other start-ups on the 16-week Pioneer programme, which provides up to £100,000 in funding with no equity or pay back required. In addition to close access to top-tier industry partners such as strategic partners BP and KPMG, Pioneers will receive expert business support and access to field trials – a truly unique opportunity for start-ups.
David Millar, TechX Director at the Oil & Gas Technology Centre, said:
“We work in partnership with Deep Science Ventures to solve the unsolvable within the energy industry. We are harnessing their ecosystem to develop teams of the future who think outside the box.
“Today, the 2019 TechX Pioneers begin their journey of innovation and entrepreneurship.
This year’s cohort is very diverse and no longer just focused oil and gas. We’re working with companies who can create a long-term sustainable future that contributes to the low carbon economy, and both Eltera and Optic Earth are a welcome addition to our final line-up.”
Dominic Falcão, Director, Deep Science Ventures, said:
Both the OGTC and DSV will be taking part in SPE’s Offshore Europe Conference in September 2019, including the new start-up village in partnership with Elevator.
For full details on the programme and the new cohort, visit www.theogtc.com/TechX.
David Millar, TechX director