Oiltech Investment Network and Houston Technology Center Announce Mutual Collaboration

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Jan 11, 2011, 12:36 ET

HOUSTON, Jan. 11, 2011 /PRNewswire/ -- The Houston Technology Center (HTC) and Oiltech Investment Network have formed a strategic partnership to further expand their common mission of accelerating the growth of emerging technology companies in the exploration, production, and oilfield services sector.

The Oiltech Investment Network (Oiltech) will be recognized as a Platinum Sponsor for HTC's upcoming Energy Technology Capital Conference on February 9, 2011 at the Hyatt Regency Houston. The collaboration with Oiltech at the conference will enable one-on-one meetings between technology entrepreneurs and potential funders. The Oiltech Investment Network will play a vital role in providing strategic connections to energy related technology entrepreneurs raising venture capital and fostering networking opportunities with industry experts. The Network members will also form an Oiltech technology panel to discuss current market needs and recent innovations within the sector.

"Oiltech Investment Networks' members consist of the leading companies in the energy investment community. Our mutual partnership will benefit many of the early stage energy companies associated with the event and the Houston Technology Center," stated Maryanne Maldonado, Vice President and Managing Director of HTC Energy Acceleration.

"Following on from the Networks success in Europe and Oiltech's unique model of one-on-one meetings linking entrepreneurs and technology investors, we are delighted to be expanding the Networks presence in the US through this collaboration with the Houston Technology Center. The meetings at the ETCC event will provide a platform for the latest technology innovators to discuss potential funding opportunities with our members," stated Jessica Rouse, Network Manager of Oiltech Investment Network.

"We are excited to be forming a symbiotic relationship with an organization who shares a mutual goal of encouraging entrepreneurship and providing access to capital," stated Walter Ulrich, president & CEO of Houston Technology Center."

About Houston Technology Center:

Named among Forbes' top 10 "incubators changing the world," The Houston Technology Center provides education, insight, and access to capital that entrepreneurs need for commercialization. The Houston Technology Center is a business accelerator and the largest technology business incubator in Texas, advancing the commercialization of emerging technology companies in the greater Houston area. A 501(C)(3)nonprofit organization, HTC assists Houston-based entrepreneurs within several key sectors: energy, information technology, life sciences, nanotechnology and NASA/aerospace technologies. For more information, visit www.HoustonTech.org.

About Oiltech Investment Network:

Oiltech comprises of 10 leading global investors with the objective of encouraging the uptake of innovative technologies. The Oiltech members have invested more than $1 billion in over 65 oil and gas technology companies over the last 5 years. The Network is managed by OTM Consulting a leading firm of technology commercialization specialists in the oil and gas sector.

The Network members currently include Altira Group, Chevron Technology Ventures, Energy Capital Management, Energy Ventures, Epi-V, Investinor, Lime Rock Partners, SEP, Shoaibi Group and Viking Venture. They are based in North America, Europe and the Middle East. Visit www.oiltechinvest.com to learn more about the Network and its portfolio of investments.