Revitalise exploration Clean offshore energy Revitalise exploration Clean offshore energy Focus Area FOCUS AREA Technology Leadership Board Challenge Technology Leadership Board Challenge Short-term SHORT-TERM Medium-term MEDIUM-TERM Long-term LONG-TERM TechX Roadmap TechX Roadmap Overall Goal: Add >£2BN in GVA to UK Overall Goal: Add >£2BN in GVA to UK ALL ALL ALL ALL ALL ALL Programme Programme North East Presence North East Presence University Capability University Capability 2019-2028 2019-2028 Programme Programme Ecosystem Ecosystem Strategic Partners Strategic Partners Programme Programme Process Process VENTURES VENTURES A partnership with Deep Science Ventures (DSV) that combines ... A partnership with Deep Science Ventures (DSV) that combines deep science with engineering to create start-up companies with technologies that position the oil and gas industry for a sustainable future in a low carbon economy. 15 15 NEW TECH START-UP SPIN OUTS NEW TECH START-UP SPIN OUTS PIONEERS PIONEERS Provides exciting technology start-ups with access to unparal... Provides exciting technology start-ups with access to unparalleled funding, expert mentors and global partners to develop and validate new technologies. We help ensure they are technology, commercial and investment ready 100 100 START UPS: >60% COMMERCIALISATION START UPS:>60% COMMERCIALISATION MARKET ENTRY MARKET ENTRY Provides signposting and landscaping support with industry pa... Provides signposting and landscaping support with industry partners for successful technology companies from other industries 50% 50% COMMERCIALISATION RATE COMMERCIALISATION RATE CO-INVESTMENT SYNDICATE CO-INVESTMENTSYNDICATE Unique co-investment syndicate/ fund offering diverse range o... Unique co-investment syndicate/ fund offering diverse range of early seed capital for companies exiting TechX and the OGTC £100M £100M INVESTMENT INVESTMENT Investors Investors Develop and deliver a unique energy accelerator Drive ecosystem growth and capability Identify and develop strategic relationships – UK & International Establish an effective evaluation and signposting process for non-oil and gas companies Establish the TechX Fund Build investor working group Expand syndicate membership Establish an independently funded TechX company to support Pioneers & Ventures Create a new oil and gas venture programme Develop co-investment business case Establish co-investment syndicate Establish an independently funded TechX company to support Pioneers & Ventures Establish North East Scotland as a world class ecosystem Enhance energy accelerator offering Attract additional funding from strategic partners Establish venture programme in Aberdeen Expand to focus on transforming tomorrow Extend a knowledge transfer programme Develop a knowledge transfer programme