Each company will receive £25,000 seed funding to develop their business and improve the technology through a 6-week programme, which starts at the Oil & Gas Technology Centre in June 2018.
Up to £75,000 in additional funding will be available during the 16 weeks and upon graduation Pioneers will be transferred into a 12-month incubator called TechX+. Two companies will have the opportunity of a further £100,000 funding from BP.
The first ten companies for the Pioneer programme are the following:
- Blue Gentoo: Helping mitigate and manage the formation of gas hydrates and ensure the efficient dosing of ‘anti-freeze’ chemicals.
- Envio: Will track and verify equipment offshore. Intelligent equipment cases can remotely verify contents, location and usage.
- Immaterial: Manufacturing super-adsorbent nanomaterials which can reduce the cost of separating, storing, and transporting gases.
- Paragon Inspection Limited: Developing an integrated digital inspection technology which will transform the inspection of small bore tubing and reduce hydrocarbon leaks.
- RAB Microfluidics: Pioneering ‘lab-on-a-chip’ technology to provide real time condition monitoring and predictive failure analysis for rotating equipment.
- Sensalytx: An artificially intelligent software platform that analyses and visualises fluid movement across multiple elements of an oil and gas well.
- Specialist Safety Systems: Developing intelligent offshore solutions for safer and more efficient crane operation.
- Tenzor Geo: Using interpretation software and autonomous Ocean Bottom Seismometers to deliver accuracy in oil and gas deposit location.
- test 1 srl: Developing a sponge-like material that can soak up spilled oil in the ocean, which can be reused multiple times and allows for the oil to be recovered for processing.
- Tubular Sciences: Sealing technology that ‘zips’ pipelines together, which can be used for the full range of pipe-lay environments including challenging and deep water.