TechX: Accelerating Innovation
Reimagine the oil and gas industry
TechX is a unique proposition – providing expertise and support both as a technology accelerator and incubator for start-ups and SMEs.
We’re investing in and supporting smaller, ambitious technology developers to help take their new solutions to market – faster.
At the different stages of the innovation journey, TechX offers access to experienced business mentors, co-working space, forward thinking business partners, rapid prototyping, test facilities, field trials, and showcase events to help commercialise new technologies.
Our Pioneers programme provides game-changing funding – with up to £100,000 available to start-ups with new technology ideas. What’s more, TechX requires no equity or payback, and the developer retains all intellectual property.
Find out more about our first Pioneer cohort!
We’re delighted to confirm BP Ventures as a strategic partner in our Pioneers programme. In addition to the core funding and support from TechX, BP Ventures will offer a small, exclusive group of Pioneers a further £100,000 of funding each, as well as dedicated access to BP’s facilities and expertise.
We also want to accelerate market entry to the oil and gas industry for small- and medium-sized companies from all sectors. Our Market Entry programme offers up to £500,000 funding and unrivalled access to customers to help SMEs fast track a route to market.
As well as the Pioneer and Market Entry programmes, TechX Ventures, in partnership with DSV (Deep Science Ventures) seeks to fill technology gaps with revolutionary companies and products. By stimulating new technologies and harnessing both creativity and deep science thinking, we will address future challenges in oil and gas and the low carbon economy.
More information on TechX Ventures will be communicated in 2018.
This is game changing. The future of the oil and gas industry on the UK Continental Shelf starts here. If you want to help accelerate that future – get involved.