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Ocyan Waves Challenge connects startups to solve internal challenges through a rigorous selection process and immersion in pilot projects.
In the electrifying scenario of corporate innovation, the Ocyan Waves Challenge emerges as a crucial platform for foster partnerships with startups, creating innovative solutions that overcome internal challenges. The last edition, held in February 2024, witnessed an incredible festival of new ideas, where startups from different backgrounds actively participated in the search for pilot projects that would revolutionize industrial processes. This context offers the perfect opportunity for startups to demonstrate their value, bringing to light innovations that transform the paradigms established by large corporations.
O mining sector, often seeking technological innovations to meet their complex demands, thus gains a powerful ally in this challenge. In this scenario, the Ocyan Waves Challenge stands out by seeking solutions that improve, accelerate and make operations in the field of oil exploration more sustainable. With an ongoing commitment to sustainable growth, the initiative is aligned with the current demands of the industry. During the Demoday event, which takes place on February 19, startups will present their projects, bringing creative and technological solutions that promise to transform the dynamics of the extractive industry.
Innovative Solutions: Building the Future of Mineral Exploration
Since its first edition, the Ocyan Waves Challenge has been a vehicle for innovation, catalyzing change in the extractive sector by connecting the experience of large companies with the agility of young startups. This meeting is a true testament to the collaborative power between different market players, generating innovations that go beyond the obvious. For 2025, the focus remains on automation and energy transition, a requirement that is increasingly reflected in the expectations of the global mining market.
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With each edition, valuable insights are generated, with innovative solutions that have a significant impact on practice. This collaboration model creates fertile ground for new technologies to be introduced, optimizing processes and promoting efficient ESG practices. In a sector as dynamic as mining, be a leader in innovation is crucial to maintaining relevance in a highly competitive market.
The connection between startups and large corporations, fostered by the Ocyan Waves Challenge, is not limited to a simple exchange of knowledge. It is driving a true industrial revolution, as digitalization and automation become the watchwords, ensuring new jobs and growth expectations worldwide. According to data from Ocyan, the demand for leaders who combine ESG and digital expertise is on the rise, promising a new era of opportunities by 2025.
The Ocyan Waves Challenge, embedded in the context of the company's internal challenges, brings a new wave of innovation. The event foresees the presentation of results promising seven startups, which stood out in a rigorous selection process. This process, which began with the mapping of 188 startups in April 2024, concluded that 87 were worthy of an in-depth evaluation. Of these, 26 advanced to participate in pitch week, an intense week of presentations that took place in June of last year. A significant number of startups went through a rigorous screening process and, of these, the seven best were chosen to advance to the immersion and pilot project execution phase, a three-month cycle that involves direct collaboration with Ocyan.
Open Innovation Program: A Path to Innovative Solutions
During this immersion period, startups have joined forces to address the company’s internal challenges. Ocyan’s open innovation platform has proven effective in driving innovative solutions that directly meet the company’s needs. Each startup presented at Demoday is a reflection of this enthusiasm for innovation. The solutions presented include: automation of historical analysis of bids and optimization of document translation by Tools.aw; agility and traceability in contract management and signature flow through netLex; and integration and intelligence in health, safety and environmental data by Simple Safety. In addition, we face the automation of warehouse processes with the Ledcorp and we implement engagement solutions in health and well-being practices with the Health Avatar. The digital transformation of offshore work permits is led by Prothera, while the Beedoo strengthens Ocyan’s member engagement platform.
Immersion and Project Execution: Mutual Transformation
The Ocyan Waves Challenge goes beyond the mere connection between a large company and mature startups to solve internal challenges. It is a true open innovation platform that offers unique opportunities to test technologies in a real-world environment, providing startups with practical knowledge of the demands of a large company in the sector. This symbiotic relationship goes beyond innovation; it paves the way for mutual transformation, with the potential for startups to become suppliers or co-develop products of strategic relevance with Ocyan. The core vision of Ocyan’s open innovation program is focused on finding innovative solutions that can generate a tangible positive impact on the company’s processes.
Mutual Transformation with Concrete Results
Each pilot is a chance for the company to assess the fit of the solution offered in relation to the challenges faced. Patricia Grabowsky, Executive Manager of Innovation and People at Ocyan, emphasizes the mutual nature of the transformation made possible by this program. “Our goal is to discover innovative solutions that truly meet our needs and bring tangible results for both parties,” she says. The fruits of this initiative are tangible: more than 80% of the startups that carried out pilots were hired. Grabowsky adds that the results of the program not only reflect its success, but also the substantial value it brings to all involved.
Recognition and Expansion of the Open Innovation Platform
The Ocyan Waves Challenge, since its launch in 2019, has accurately mapped over 800 startups and delivered over 30 pilot projects. Of these, a remarkable 80% have progressed to the contracting stage. As an open innovation platform, Ocyan seeks to foster a constructive relationship with the startup ecosystem, favoring the acceleration of innovation through the Ocyan Waves Challenge and Ocyan Waves Booster programs. Thanks to the substantial results achieved by these initiatives, Ocyan received recognition in 2021 by the TOP Open Corps 2024 Ranking, which places it among the 100 companies that best relate to startups. In 2023, Ocyan achieved second place in the oil and gas sector and, last year, it was acclaimed as one of the five companies most engaged in open innovation practices in the sector.
Source: OCYAN Press
