Venture Showcase Brochure pdf - Statoil Innovate
Venture Showcase Brochure pdf - Statoil Innovate
Venture Showcase Brochure pdf - Statoil Innovate
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<strong>Statoil</strong> Technology InvestAbout Us and the Challenges AheadToday the energy industry is battling with the mostdaunting challenges it has ever faced. Demand isincreasing rapidly, while the traditional sources offossil fuels are diminishing. This coupled with thedrive to reduce carbon emissions is pushing theindustry to search for radically different solutions.Small businesses have been identified as beingresponsible for >50 percent of the innovationsand >90 percent of all “radical innovation”. It’s nocoincidence therefore that <strong>Statoil</strong> is looking atSmall to Medium Enterprises (SMEs) to providesome of the critical technologies for the future.SME’s unlike larger corporations are muchmore venerable to market conditions and as aresult a large proportion of them do not survivebeyond their first 3 to 5 years, in many casescondemning technologies or ideas that couldhave a huge impact on the industry to thegraveyard. Problems including lack of sufficientfinancing, poor understanding of the market, lackof understanding/awareness of the technicalrequirements for the industry, incompleteunderstanding of the environment in which thetechnology has to operate and a lack of focus ontechnology implementation can be detrimental toSMEs.<strong>Statoil</strong> recognizing the need to support SMEs,particularly during the first critical years beforetheir technologies have achieved commercialsuccess, formed <strong>Statoil</strong> Technology Invest (STI) toprovide expert technical and financial guidance aswell as project based or venture capital funding.STI is staffed with <strong>Statoil</strong> employees withexperience in finance, mergers & acquisitions,board management, marketing & sales, technologydevelopment and implementation and oilfieldtechnologies. STI is supported by the largertechnical community within <strong>Statoil</strong> and as aresult can provide expert advice on technologydevelopment and qualification, as well as providingtest wells for qualified technologies. The financesrequired for STI’s investments are derived directlyfrom revenues earned from <strong>Statoil</strong>’s globaloperations. These finances can be provided toSME’s in the form of <strong>Venture</strong> Capital funding(SEED, VENTURE) or Project specific funding(LOOP).Contact DetailsShawn Le Maitreshlm@statoil.com+47 911 13 117Kristin P. Solvangkpso@statoil.com+47 412 14 574<strong>Statoil</strong> Technology InvestForusbeen 354033 Stavangerinnovate.statoil.com/<strong>Statoil</strong>TechnologyInvest23
Oiltech Investment NetworkThe Oiltech Investment Network was establishedin 2010 by leading global investors in upstream oiland gas technologies to encourage the uptake ofinnovative products.These organisations have invested more than $1billion in more than 80 oil and gas technologycompanies over the last five years.The network members include Altira Group,BP Technology <strong>Venture</strong>s, Chevron Technology<strong>Venture</strong>s, Energy <strong>Venture</strong>s, Investinor, Lime RockPartners, Saudi Aramco Energy <strong>Venture</strong>s,<strong>Statoil</strong> Technology Invest and Viking <strong>Venture</strong>. Thenetwork is managed by OTM Consulting.One of the objectives of the network is todrive innovation within the sector by providinga platform to connect end users to innovativetechnology providers and entrepreneurs to energyfocussed inventors.Contact DetailsJessica Rouse - Project Manager for the Oiltech Investment NetworkJessica.rouse@otmnet.com+44 (0) 1483 598000Oiltech Investment Network31 Chertsey StreetBeaufort HouseGuildfordSurrey GU1 4HAwww.oiltechinvest.com4 5Photo: Harald Pettersen - <strong>Statoil</strong> ASA
Agenda08.00-08.30 Arrival Tea/ Coffee/Fruit Networking09.00-09.10 Welcome and Introduction to Workshop- Shawn Le Maitre, <strong>Statoil</strong> Technology Invest09.10-09.30 Introduction to VC Funding & <strong>Statoil</strong> Technology Invest- Richard Erskine, <strong>Statoil</strong> Technology Invest09.30-10.30 One to One Advisory Clinics & Coffee10.30-10.55 Emerging Industry Technical Needs– BP Technology <strong>Venture</strong>s10.55-11.30 Supporting International Growth– Innovation Norway11.30-12.30 Lunch (Tapas Buffet) /Networking12.30-12.50 Entrepreneurial Success Stories– Brent Brough, RESMAN12.50-13.50 One to One Advisory Clinics & Coffee13.50-14.10 The Financial Climate in the Oil & Gas Industry- Espen Norheim, Ernst & Young14.10-15.10 One to One Advisory Clinics & Coffee/Fruit/Cakes15.10-16.00 Meeting Close & Networking67
<strong>Statoil</strong> Technology InvestFor further information on <strong>Statoil</strong> Technology InvestPlease visit: innovate.statoil.com/<strong>Statoil</strong>TechnologyInvestCOS - 120637_03.2013