A laboratory shrunk into a microchip, pipelines that are “zipped” together, and a sponge that can help “soak up” oil spills are some of the ideas that have been granted funding under a new scheme run by the Oil and Gas Technology Centre (OGTC).
OGTC’s TechX Pioneer Technology Accelerator programme has chosen 10 start-ups following a pitch to industry and academia in a move to “transform” the future of the sector.
Each pioneer is to receive £25,000 in seed money, with a potential to earn £75,000 more during a 16-week programme – starting in June – to develop their business.
The companies include Tenzor Geo, which will develop autonomous seismometers to help map out the ocean floor to provide “unprecedented” accuracy in locating oil and gas deposits.
Another is Specialist Safety Systems, which is developing a system for safer crane operations which could help prevent fatalities or serious injuries offshore.
David Millar, TechX director at Aberdeen-based OGTC, said: “We were blown away by the technology ideas presented and now have 10 ambitious start-ups with us that want to change the world.
“I’m sure these first pioneers will set a benchmark in technology development that positions TechX as the leading accelerator for companies hoping to break into the oil and gas industry.
“TechX represents a significant opportunity to develop a new technology supply chain in the north-east of Scotland, and anchor it here for generations to come.
“We are delighted to have our first pioneers on board and look forward to working with them to help develop their business and exciting new solutions for the industry.”
On graduating from the course in June, the 10 pioneers will join a 12-month incubator programme, TechX+. Two of them will receive a further £100,000 from energy giant BP.