Houston, Texas, Aug. 15, 2017 – Chevron Technology Ventures, LLC (CTV) today announced the launch of its Catalyst Program™, an initiative to promote technology innovation in the Houston area and beyond.

The Catalyst Program will focus on accelerating the maturation of early-stage companies working on technologies that can directly benefit the oil and gas industry. These include “smart” oil field equipment, advanced materials, water technology and IT software/hardware, among others. Candidate companies are expected to be beyond seed stage with plans to raise additional venture capital  the near future.

“Innovative technology from startups can deliver value to Chevron,” said Chevron Technology Ventures President Barbara Burger. “The Catalyst Program will support innovation across the industry while helping local early-stage companies accelerate technology development.”

About Chevron Technology Ventures

Formed i June 1999, CTV pursues innovative business solutions and externally developed technologies that have the potential to improve Chevron’s base business operations and champions their deployment and adoption into Chevron. Through its technology teams and venture capital group, CTV has supported a wide range of companies and venture capital funds.