Statoil Technology Invest - commercialising technologies within the oil and gas industry
Statoil recognizing the need to support SMEs, particularly during the first critical years before their technologies have achieved commercial success, formed Statoil Technology Invest (STI) to provide expert technical and financial guidance as well as project based or venture capital funding. STI is staffed with Statoil employees with experience in venture, M&A and developing oilfield technology companies.
About Us and the Challenges Ahead
Today the energy industry is battling with the most daunting challenges it has ever faced. Demand is increasing rapidly, while the traditional sources of fossil fuels are diminishing. This coupled with the drive to reduce carbon emissions is pushing the industry to search for radically different solutions. Small businesses have been identified as being responsible for >50 percent of the innovations and >90 percent of all "radical innovation". It's no coincidence therefore that Statoil is looking at Small to Medium ... "
Venture showcase captures external innovation
On the 24th of April Statoil Technology Invest, in collaboration with Oiltech, hosted a seminar where 22 innovative technology startup companies within the oil and gas arena, got the opportunity to present their technologies to potential investors.