The Oil & Gas Technology Centre (OGTC) has selected 16 technology start-ups to allow them to present their ideas to the oil and gas industry as part of its TechX Pioneer accelerator programme.

A total of 125 start-ups submitted their applications for the programme, which aims to create a platform for technology developers to take their solutions to the oil and gas market.

Following a review process, involving more than 50 TechX mentors, partners and members of the Technology Centre, 16 finalists were selected.

Finalists are Blue Gentoo, Deep Cryogenics, DeepMiner, Envio, Immaterial Labs, Innerpath Technologies, Paragon Inspection, PicSea, Qwilka, RAB Microfluidics, Resolute Energy Solutions, Sensalytx, Specialist Safety Systems, Tenzor Geo, test 1 srl, and Tubular Sciences.

TechX director David Millar said: “We believe that the 16 finalists selected to pitch have technology ideas that could truly transform the future of the oil and gas industry.”

“We believe that the 16 finalists selected to pitch have technology ideas that could truly transform the future of the oil and gas industry.”

Companies selected will be given a chance to present their business and technology idea to a panel of industry experts on 7 March in the Technology Centre’s Innovation Hub.

Based on the presentations, the panel will shortlist a group of ten start-ups who will make it to the TechX Pioneer, which will see them go through a 16-week accelerator programme, beginning in June this year.

In addition, the programme offers funding up to £100,000 and the opportunity to join a follow on a 12-month incubator.

OGTC has partnered with BP for the Pioneer programme.

A select group of successful developers will also receive support from BP, including an additional £100,000 of funding each, as well as access to the company’s facilities and expertise.