BP accelerates on Masdar’s energy

Feb 9, 2015 •

BP allies with Masdar Institute of Science and Technology on energy accelerator.

United Arab Emirates (UAE)-based Masdar Institute of Science and Technology and UK-listed oil major BP have launched an accelerator focused on emerging energy, water and other sustainable technologies.

The BP and Masdar Institute Technology Accelerator will support startup companies through sponsoring technical research, providing commercial input, and supplying mentoring and business plan support. BP’s corporate venturing unit will connect local startups with global investors and potential acquirers.

Fred Moavenzadeh, president of Masdar Institute, said: “By developing this technology innovation accelerator…

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