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