Ocyan, an oil and gas company, has extended the deadline for applications for the fourth edition of the Ocyan Waves Challenge, a matchmaking program with startups to solve the company's internal challenges, until May 23. For this edition, ten challenges have been chosen and are being presented to the innovation ecosystem in search of solutions. Interested startups should check out the program information and register their proposals on the website www.ocyanwaves.com. 

"Ocyan is at an important moment of looking in-house, so this year the focus of the program will be on finding solutions that help improve our member's experience in internal processes by connecting with mature startups," says Patricia Grabowsky, Ocyan's Executive Managerfor Innovation and Digital Transformation.

For this edition, ten challenges have been chosen that shall be presented to the innovation ecosystem in search of solutions:

• Automation of Historical Bid Analysis 
• Agility and Traceability in Contract Management and Signature Flow 
• Optimizing Corporate Travel Requests 
• Ocyan's Health, Safety and Environmental Data Integration and Intelligence 
• Automation of warehouse processes 
• Visibility and Efficiency in Offshore Staff Management
• Health and Wellness Practice Engagement Solution 
• Digital Transformation in Offshore Work Permits 
• Document Translation Optimization 
• Ocyan's member engagement platform 

The Ocyan Waves Challenge schedule is organized into eight stages, to be carried out throughout the year, including Scouting (active search for startups), Pitch Week (presentation of companies and their solutions). Those that stand out the most will be invited to carry out three-month pilot projects in partnership with Ocyan to validate their solutions. This will be followed by an evaluation of the results and a decision to continue with the projects with the greatest potential and, finally, a pilot-rollout transition.​

"It's important to note that we are always looking to improve our programs in order to maintain Ocyan's reputation as an open organization committed to connecting with startups. Our main focus remains on creating value for everyone involved, and this is reflected in our rollout conversion rate, which today exceeds 80%," says Livia Savignon, Ocyan's Innovation Coordinator.

Ocyan Waves Booster Demoday

Providing solutions for the offshore oil and gas industry is in Ocyan's DNA. On March 26, the company presented the Ocyan Waves Booster Demoday, which aims to accelerate startups so that they can develop into our potential partners in offering innovative solutions for the oil and gas sector.

During the Demoday, the four startups selected in the 2023 cycle - Confirm8, IBBX, Aquapower and Endserv - presented their results and challenges from the program alongside their respective mentors and sponsors, and were told that all four will go on to structure a rollout in partnership with Ocyan.

"The Ocyan Waves Booster proves that innovation is one of Ocyan's main assets. And it shows that we are able to materialize the ideas that were started in pilots. We are very pleased with the purpose of the program, which is to ensure that startups, based on an understanding of the oil and gas industry, can develop solutions for our sector," Patrícia concludes. 

OCYAN WAVES

Created in 2019, it is Ocyan's open innovation platform that encompasses two programs: Ocyan Waves Challenge and Ocyan Waves Booster. With the results obtained with Ocyan Waves, Ocyan has been recognized, since 2021, among the 100 companies that best relate to startups according to the 100Open Ranking, and in 2023, it appeared as the second best company in the Oil & Gas industry. With the Ocyan Waves Challenge, Ocyan has already mapped more than 550 startups, a total of 28 pilot projects have been carried out and 23 of them have moved on to the rollout stage.