The Oil & Gas Technology Centre (OGTC) has launched the third year of its accelerator programme, TechX, with the announcement of new industry partner Equinor.
The TechX Pioneer Programme helps ambitious start-ups take their solutions to the energy market faster. 21 companies have so far graduated from the award-winning programme, supporting the development of ground-breaking technologies including a lab-on-a-chip (RAB microfluidics), machine learning seismic imaging software (Optic Earth) and a complete oil field well surveillance technology (Ai Exploration).
Over the previous two years, £2.8 million has been co-invested into these pioneering companies with a further £1 million of additional investment being secured post-graduation from the programme. Three field trials have also been completed, with seven planned over the next year. Read more…