Pinsent Masons wins accelerator programme’s partner of the year award

The TechX initiative, run by the OGTC in Aberdeen, helps firms fast track solutions for the oil and gas industry to market entry status.

Pinsent Masons’ energy and commercial teams are professional mentors to the TechX Pioneer programme and over the last year have been assisting the first cohort of 10 start-up businesses to navigate the web of commercial-legal challenges.

Pioneers companies can receive up to £100,000 funding, as well as access to experienced business mentors, co-working facilities, and introductions to business and finance partners.

Corporate partner oil and gas technology law expert, Martin Ewan, collected the award on behalf of the firm.

He said: “The Pioneer companies are devising exciting cutting-edge technologies and new ways of working which are aligned with the oil and gas industry’s overall objective of maximising hydrocarbon recoveries and promoting greater collaboration.

“It has been a pleasure to work alongside this new generation of tech entrepreneurs and we are delighted to play a role in advising and guiding these Pioneers who will make a genuine difference to the long-term viability of the UK North Sea and other international basins.”