OGTC two additional start-ups for TechX Pioneer programme

The Aberdeen-headquartered Oil and Gas Technology Centre (OGTC) has announced the selection of two further strart-up firms for its TechX Pioneer accelerator programme for 2019.

The TechX Pioneers project was set up in 2017 to help ten start-ups from the oil and gas and clean-tech industries.

The programme focuses on firm who are delivering technologies that will position the oil and gas industry for a sustainable, low-carbon future.

The two new additions, Eltera and Optic Earth, were selected to join the TechX Pioneer programme through the TechX Ventures programme.

Eltera converts wasted heat into electricity, reducing greenhouse gas emissions, while Optic Earth uses artificial intelligence to remove the bias from this workflow, improving the quality of images available to the subsurface community to reduce potential exploration and appraisal uncertainty.

Both firms will join the other start-ups on the 16-week programme, which provides up to £100,000 in funding with no equity or pay back.

David Millar, TechX director at the OGTC, said: “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.”

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