Clean-tech firms with early-stage technologies that could be used in the oil and gas industry have a chance to pitch their goods in a Dragon’s Den-style pitch session on Thursday, March 3 during GLOBE 2016, in Vancouver.
The pitch session is hosted by Evok Innovations—a new partnership between Cenovus and Suncor and the BC Cleantech CEO Alliance that aims to accelerate the development and commercialization of solutions to the most pressing environmental and economic challenges. Evok Innovations was launched in early 2016.
Among its missions and goals, Evok Innovations will invest in technologies to “eliminate the need for water consumption and eliminate wastewater disposal” and “eliminate future marine and land spills and disturbances.”
“By applying a flexible funding approach to meet the needs of clean-tech entrepreneurs, Evok has the potential to leverage this investment from our partners to create numerous new clean-tech companies and thousands of new jobs,” said Jonathan Rhone, chair of the BC Cleantech CEO Alliance and CEO of Axine Water Technologies.
“Evok is uniquely placed to fuel the transition to a cleaner energy future,” said Marty Reed, Evok CEO. “Using the extensive insights offered by our oil and gas partners, Evok can identify and fund promising cleantech innovations and accelerate the commercialization of those technologies.”
Nancy Wright, chief operating officer for GLOBE Series said, “We focused our Innovation Expo on clean-tech solutions. A who’s who of bankers and investors are ready to invest in climate, energy, and water solutions, and our Challenge Pitch Program gives clean tech entrepreneurs an incredible opportunity to forge partnerships and seal deals.”
Evok is an entrepreneur-led fund that aims to increase the scale, diversity, and quality of early-stage innovations focused on the oil and gas industry, reducing the time it takes to commercialize technologies. Its was modelled after traditional venture capital firms, corporate venture and government granting agencies.