Applications Invited for TechX Clean Energy Accelerator

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About the Organization

Our purpose is to develop and deploy technology for an affordable net zero energy industry.

We aim to accelerate the energy transition by closing the gap in net zero technologies.

Our world is facing two great challenges: reducing our carbon emissions to net zero and continuing to meet our energy needs. As industries transition, we must ensure resilient and affordable energy supplies. For the oil and gas sector and other hard to decarbonise industries to support the UK’s net zero target, innovation is key. 

We work with our partners on these challenges, seizing the opportunity to inspire creativity, drive innovation, and secure support needed to deliver sustainable energy long term.

About the Program

Our Clean Energy Accelerator is an intensive 15-week programme for 12 innovative clean energy start-ups with clear potential to significantly accelerate the transition to an affordable net zero energy industry.

We’re looking for diverse, innovative start-ups that will pave the way in clean energy. If you are a forward-thinking founder with bold ideas that can help unlock the next generation of net zero technologies, we want to hear from you.

Our technology focus areas

• Renewable energy technologies, hydrogen, other clean fuels and green chemicals
• Carbon Capture, Usage and Storage
• Digitalisation
• Oil and gas emissions reduction technologies

Programme benefits

As a start-up on the programme, you will receive a grant of up £100,000* and expert support from our delivery partners and mentors on:

• Testing your value proposition and business model with technical experts from potential industrial customers across the value chain.
• Creating a prototype or minimum viable product.
• Pitching to potential customers at our final showcase Demo Day.
• Securing field trials to pilot your solution with the industry including bp, Equinor, ADNOC and our other partners.
• Structuring capital raising and pitches to investors, before putting it into practice on Investor Day.
• Building diverse teams.
• Connecting into the Net Zero Technology Centre’s extensive energy industry network and maximising the benefit.
• Creating and developing your brand.
• Structuring your business optimally from a legal and tax perspective.
• Complying with regulation and anticipating regulatory changes.
• Protecting your IP, developing an IP strategy and applying for patents.
• Start-ups also have access to the TechX Growth co-working space in Aberdeen and further business support for two years post-graduation.

Eligibility

Before you apply, make sure you’re eligible for the TechX Clean Energy Start-up Accelerator. The entry criteria are:

• Start-ups' technology solutions must be at a technology readiness level (TRL) of 2 to 6 inclusive in order to be eligible for the Accelerator. We will accept applications from start-ups that have developed other technologies at higher TRLs as long as the innovation they are applying with is TRL 2 to TRL 6.
• Start-ups can be based anywhere as the programme is delivered virtually, but all participants must work to a GMT time zone. In-person attendance in Aberdeen UK is expected for 3 weeks (first week, last week and a week in the middle).
• The TechX Clean Energy Accelerator is a 15-week full time intensive programme. At a minimum one founder will need to be available full-time during the 15 weeks to take part in the programme. A maximum of two employees (including one founder) may participate in the programme.
• Start-ups may not participate in other accelerators during the TechX Clean Energy Accelerator programme.
• Start-ups will only be considered if they are developing clean energy technologies that fit one or more of our technology focus areas, set out below.
• Start-ups located outside the UK must be able to communicate clearly how they plan to benefit the North East Scotland and UK economies. They will need to incorporate a UK company before the start of the programme.
• All start-ups must be inclusive and diverse or open to building diverse teams. Read more about our diversity and inclusion initiative.

How to Apply

Apply and accelerate today.

Applications close at 23:00 (BST) on 9 October 2022.

For more information please check the Link 

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