Focus on clean energy and diversity for the latest TechX accelerator

The Net Zero Technology Center (NZTC) is putting a focus on decarbonization and gender diversity for its newest TechX accelerator program, led by a new man.

The application window for the fourth TechX program opened today, which will focus “exclusively on start-ups for the development of clean energy technologies”.

Aberdeen-based NZTC also said it “wants” to lead 30% of the shortlisted startups that are female founders or co-founders.

TechX participants will have access to up to £ 100,000 in grants and expert support for the duration of the 15 week program.

Types of support include helping to secure field trials and pitching to potential clients, as well as being guided by a variety of mentors.

TechX has completed more than 33 startups since its inception, completed more than 20 field trials and commercialized five companies.

The accelerator also received a realignment after David Millar, who left the company in January after nearly four years as TechX director, left the company.

He has been replaced by Mark Anderson, who previously served as Senior Advisor to FTI Consulting’s Clean Energy Practice.

Anderson hopes to see up to a dozen young companies join the Accelerator when it starts in February 2022.

© Supplied by Net Zero Technology Mark Anderson, TechX Director.

The application window ends on November 28, 2021, the places will be confirmed in January.

The focus is on renewable energy technologies, green and blue hydrogen and other clean fuels, CO2 capture, use and storage, digitization and technologies that reduce greenhouse gas emissions in the oil and gas industry.

About half of last year’s cohort members were clean energy technology developers.

Mr. Andersons said, “Innovative startups that deliver breakthrough technology solutions will play a critical role in accelerating the transition to an affordable net-zero energy industry.

“And for the first time, the program focuses exclusively on startups developing clean energy technologies.

“I look forward to seeing the groundbreaking solutions emerging from this next cohort and the support they can offer to help the energy industry meet their carbon reduction goals, especially at this year’s COP26 in Scotland . “

Colette Cohen, CEO of NZTC, said, “We are committed to adding diversity to our TechX program and the continuation of a virtual format should support that goal as well.

“We hope to have strong gender-based founding teams applying as TechX offers a unique support system that enables startups to accelerate their development journey.

“We look forward to meeting the next cohort and introducing them to the extensive network of the Net Zero Technology Center, which offers a wealth of knowledge and a world of opportunity.”

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