It’s nearly one year since our first ever TechX Pioneers arrived at the Oil & Gas Technology Centre here in Aberdeen. During 16 weeks of intense acceleration, we matched them with our amazing mentors, partners and there was over 1000 hours of education, training and in-kind support…..oh, and we provided £1m of non-dilutive investment across the 10 companies as well as facilitated deep access into the market for customer discovery and validation. It was a whirlwind for all involved cramming four to five years’ worth of work into just 16 weeks. These amazing Pioneers now sit in our fully funded incubator TechX Plus for a further 12 months of support to assist their acceleration towards field trials and commercialisation.
So how are they getting on? Well, they continue to drive forward and to change the face of our industry here in the UK. One field trial is already complete offshore with a major operator; another 13 are lined up this year; an additional £1million of investment has been raised; there are two Scottish EDGE winners; one presented at Pitch@Palace; there are three RSE Fellowship graduates; one Institute of Directors ‘Director of the Year’ nomination; another £4-5million about to be raised; multi-million pound commercial opportunities in discussion; and nine new jobs created ………..so far. All in just seven months since leaving the programme. Truly outstanding.
In three weeks we welcome our next batch of Pioneers to deliver even more for the UK Oil & Gas industry and the North East of Scotland. All of us here at the OGTC can’t wait to see these new Pioneers follow the footsteps of TechX Pioneer cohort one.