SOCAR Wennovation Challenge – an online open innovation program – welcomes entrepreneurs and game-changers all around the world, who are shaping technologies of the future today in refinery and petrochemical industries.
Donor Name: SOCAR Wennovation
Country: Global
Type of Grant: Challenge
Deadline: 02/05/2023
Details:
Area of Interest: What Are they Looking for?
Through collaboration with startups, they aim to embrace the most innovative solutions which address one of the following categories.
- Asset Management & HSE
- Predictive Maintenance/Anomaly Detection – Specific equipment and failure mode based wide experience/use cases
- Digitization & automation of work processes – use of applications in mobile devices/tablets for more efficient execution of operations
- Adoption of wearable technologies including AR/VR
- Real-time locating systems – scaleable, low investment and network-independent solutions that are fast enough to pilot
- Robot/drone-assisted inspection / data collection that can delivery financial value
- 3D printing – especially use cases in printing spare parts of critical equipment in large industries
- Refinery and Petrochemical Operations
- Real-time-optimization and economic model predictive control (yield/throughput)
- Pooling optimization (refinery products) via mixed-integer / linear programing
- Digitization & automation of work processes – use of applications in mobile devices/tablets for more efficient execution of operations
- Adoption of wearable technologies including AR/VR
- Real-time locating systems – scaleable, low investment and network-independent solutions that are fast enough to pilot
- Robot/drone-assisted inspection / data collection that can delivery financial value
- Energy Efficiency & Sustainability
- Real time energy optimization
- Digital carbon footprint / emission tracking
- New tech in sustainable energy resources
- Digitalization for cleaner production
- Fintech & Other Opportunities
- AI-based compliance & regtech
- Smart and dynamic cash flow analysis & management
- Blockchain based business processes for O&G industry
- Automated budget forecasting & management
- Innovative digital HR solution
- SaaS solutions with low or no need of system integration.
What Drives them?
- Building a Strong Regional Ecosystem
- To build a strong regional ecosystem with Oil & Gas entrepreneurs, industrial partners and corporate executives to reshape the refinery sector’s global landscape and create a sustainable future.
- Supporting RefineryTech Startups in the Region
- To support RefineryTech startups in Turkey and the region to grow their business on a global dimension, define the market and collaborate with the leading specialists.
- Visualizing the Future
- Visualize the future by introducing the next big thing in the refinery and petrochemical sectors, and empower partnership and collaboration with startups to revolutionize the industry.
Eligibility Criteria
SOCAR Wennovation Challenge is open to start-ups all around the world, which have established company, have an available team and are ready to showcase their product/solution addressing the specific defined challenges.
For more information, visit SOCAR Wennovation.
