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Halliburton sets up 'Halliburton Labs’

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Energy Global,

Halliburton Company has announced the creation of Halliburton Labs – a collaborative environment where entrepreneurs, academics, investors, and industrial labs come together to advance cleaner, affordable energy. Halliburton Labs, led by Executive Director Scott Gale, will accelerate the growth of innovative, early-stage companies by providing access to Halliburton’s lab facilities, technical expertise and business network.

Located at the company’s Houston headquarters, US, Halliburton Labs adds support to the flourishing innovation community and fosters an open environment where participating companies can collaborate to solve current and future clean-energy challenges. Accepted applicants will work with Halliburton Labs advisors to advance their products, secure needed financing and prepare for further scale.

Nanotech, Inc., a materials science innovator transforming the fireproofing and insulation markets, has been the first company to sign an agreement to join the Halliburton labs. Nanotech’s breakthrough technologies significantly reduce global energy consumption, while improving energy efficiency, fireproofing capabilities, and safety.

The company has already moved into Halliburton Labs and their work is underway. Additional companies will join in the coming months as the formal application process goes live in September. Interested companies must have progressed their technology beyond the proof-of-concept phase.

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