The OGTC launches third year of TechX accelerator with Equinor strategic partnership

  • – Equinor announced as new TechX strategic partner alongside existing companies, BP and KPMG
  • – Collaboration marks the launch of applications for cohort three ‘Pioneers’
  • – Potential £100,000 funding with no equity or payback
  • The Oil & Gas Technology Centre (OGTC) has officially launched the third year of its award-winning accelerator programme, TechX, with the announcement of new industry partner, Equinor.

The TechX Pioneer Programme – a unique technology accelerator and incubator – helps ambitious start-ups take their solutions to the energy market faster. To date, 21 companies have now graduated from the award-winning programme, developing 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).

In just 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. Collectively, three field trials have been completed with seven planned over the next year and another 10 on the horizon, while 13 new jobs have been created and two new facilities have been opened.