Newsroom

Techstars start-up pitches open up new opportunities

The recent Techstars FounderCon Europe event in Berlin opened up a host of new technology development and investment opportunities for the Oil & Gas Technology Centre.

David Millar, who joined as Technology Accelerator Director in June, heard 15 pitches from start-ups focused on a wide range of technologies, including artificial intelligence, data analytics, logistics and HR.

The result? 10 potential follow-up meetings with organisations that could receive funding and support from the Oil & Gas Technology Centre.

Techstars is one of the world’s leading technology accelerators and has raised more than $3.5 billion in funding for companies such as Uber, Sphero, Digital Ocean and ClassPass.

Our Technology Accelerator programme launches later this year so we’re speaking to other accelerators and people who have been through them to find out the pros, cons, best practice and different ways of working.

The Oil & Gas Technology Centre was invited to participate as a partner organisation. David was the sole representative from the oil and gas industry at an event which included the likes of Google and PwC, as well as major banks and investment houses.

The Oil & Gas Technology Centre’s Technology Accelerator programme will launch later this year to stimulate and accelerate supply chain innovation with the goal of increasing supply chain-led R&D into mature basin needs. The accelerator differs from many of its peer in that it will have more than one delivery stream, provide seed funding at the start and anchoring support upon exit with  no equity or pay back required

David Millar, Technology Accelerator Director for the Oil & Gas Technology Centre, said: “The TechStars event was a great opportunity to hear from new and exciting organisations who are keen to break into the oil and gas industry and work in Aberdeen.

“Our Technology Accelerator programme launches later this year so we’re speaking to other accelerators and people who have been through them to find out the pros, cons, best practice and different ways of working.

“We understand the critical success factors and look forward to nurturing the next generation of game changing technology start-ups. Our lean start-up methodology, links with universities and network of mentors means we can help build an innovation legacy for the industry in the north-east and make Aberdeen one of the top technology centres for oil and gas in the world”