OGTC picks two more start-ups for TechX Pioneer programme

David Millar, TechX director at the Oil & Gas Technology.
David Millar, TechX director at the Oil & Gas Technology.

The Aberdeen-based Oil and Gas Technology Centre (OGTC) has picked two more start-up firms for its TechX Pioneer accelerator programme for 2019.

The TechX Pioneers project was set up in 2017 to help 10 start-ups from the oil and gas and clean-tech industries.

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

Eltera converts wasted heat into electricity, reducing greenhouse gas emissions, while Optic Earth uses artificial intelligence to improve the quality of seismic 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.”