Tunisia - Startup under 3 years old

Describe your project or startup in a few words

We offer AI-powered software that enables O&G capital project teams to achieve cost savings of 7-9% on the total project budget and expedite technical reviews by 40-70%. This acceleration not only shortens the timeline to first oil but also boosts revenue

01.01 Describe your startup in more detail

Our startup is an innovative company specializing in AI-powered software designed to enhance efficiency and cost-effectiveness in oil and gas (O&G) and the wider energy sector capital projects. We are a team of twelve (12) engineers with expertise in O&G capital projects and Artificial Intelligence (AI), based across Tunisia, Nigeria, Canada, France, and Pakistan. Our software helps project teams achieve cost savings of 7-9% on the total project budget and expedite technical reviews by 40-70%. By integrating seamlessly into existing workflows, our solution accelerates the timeline to first oil, improving revenue generation. For large-scale projects like the TotalEnergies and ARAMCO Amiral project, our approach can result in total cost savings of $770 million to $1 billion. Similarly, for green hydrogen projects such as TE H2 Partners with VERBUND in Tunisia, our software could achieve 7-9% savings and significant execution acceleration.

01.02 What is the main problem you are trying to solve?

We aim to solve the problem of inefficiency and high costs in O&G and more widely in energy sector capital projects. Traditional methods of managing and reviewing technical aspects of projects are often time-consuming and prone to errors, leading to delays and budget overruns. Our software addresses these issues by streamlining and automating technical reviews, tender evaluations, and engineering assessments. This not only reduces the time required for these processes but also enhances the accuracy and quality of the reviews, ultimately leading to significant cost savings and faster project completion.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

We can bucket our software benefits into 3 categories: 1- Cost Savings: Our software helps project teams save 7-9% of the total project budget, which can translate to hundreds of millions of dollars in large projects. 2- Time Efficiency: By expediting technical reviews by 40-70%, our solution significantly shortens project timelines, allowing for faster completion and earlier revenue generation. 3- Improved Quality: The software improves the quality of technical reviews by swiftly identifying non-compliances and delivering precise evaluation scores, enhancing overall project reliability and outcomes.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Our startup’s product is specifically aimed at serving teams involved in O&G and the broader energy sector capital projects, including engineers, project managers, and executives responsible for overseeing project execution and budgets. The primary beneficiaries are O&G and energy companies and project teams who will experience improved efficiency, reduced costs, and accelerated project timelines. Additionally, stakeholders such as investors and partners in large-scale O&G and energy projects will benefit from the enhanced financial performance and timely project delivery enabled by our software. For example, in projects like the Mistral project or green hydrogen initiatives such as TE H2 Partners with VERBUND in Tunisia, our software can provide critical improvements in cost savings and execution speed.

01.05 When was your company established?

2023-08-06

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

2

01.08 Among the other owners, how many are female?

1

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Our team consists of engineers specialized in AI and O&G who have worked for major companies such as BP, Technip and PwC to name a few. The industry team has firsthand experience with the challenges we are addressing today for our clients in capital O&G projects in Korea, Australia,New Zealand, Nigeria etc Mariem Akrout Mariem brings extensive experience in Engineering Procurement and Construction, with 12 years in industrial project management and management consulting. She possesses a strong track record in digital and infrastructure projects throughout the energy value chain. Her expertise in managing complex projects and her strategic insight into the digital transformation of the energy sector make her an invaluable asset to our team. Ryan Wong With 14 years of AI and software development expertise, Ryan brings a profound focus on AI solutions. Having successfully delivered end-to-end AI solutions in both the US and Canada, his expertise drives innovation and excellence.

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

01.11 Which industry best describes your project?

a) Energy (equipment, services, sustainable energy and fuel)

02.01.01 My startup contributes to the No poverty goal

4

02.01.02 No poverty - Justification for my startup

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

Our startup contributes to the Zero Hunger goal through enhancing energy security. By using our AI-powered software to secure new projects and reduce costs, we enable faster and more efficient project execution in the energy sector. This improved efficiency ensures a stable and reliable supply of energy, which is crucial for powering agricultural activities, food production, and supply chains. Enhanced energy security leads to more consistent and affordable energy access for communities, thereby supporting agricultural productivity and food distribution. Consequently, this stability helps to alleviate food scarcity and contributes to reducing hunger in regions that are heavily dependent on energy for their food systems.

02.03.01 My startup contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification for my startup

Our startup strongly contributes to the Quality Education goal by stimulating AI education and improving the quality of the AI workforce in Tunisia. As our startup grows and we hire more talent in the deep tech sector, we create a demand for advanced skills and knowledge in AI. This demand encourages educational institutions to enhance their curricula and training programs to better prepare students for careers in AI and related fields. By fostering a robust AI education ecosystem, we not only improve the quality of Tunisian AI-related manpower but also promote lifelong learning opportunities. Our commitment to continuous learning and development ensures that our employees remain at the forefront of technological advancements, further contributing to the overall quality and inclusivity of education in Tunisia. Thus, our startup plays a pivotal role in driving educational excellence and supporting the development of a highly skilled workforce in the region.

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

Our startup strongly supports the goal of Gender Equality as it is a female-run business. This leadership not only sets a powerful example but also ensures that our company culture and policies actively promote inclusivity and equal opportunities for all genders. We are committed to creating a work environment where everyone has an equal chance to succeed, regardless of gender. Our leadership team actively works to break down barriers and support the professional growth of women in the tech and energy sectors, which are traditionally male-dominated fields. By championing gender diversity and inclusion, our startup contributes significantly to advancing gender equality within our industry and beyond.

02.06.01 My startup contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

Our startup contributes to the Affordable and Clean Energy goal by using AI-powered software to enhance the efficiency and cost-effectiveness of energy projects. By reducing project costs and accelerating timelines, we enable more energy projects to move forward, increasing the availability of affordable energy solutions. Our software streamlines technical reviews and project management, leading to quicker and more reliable completion of energy infrastructure projects, lowering the overall cost of energy production and distribution. Additionally, by improving the execution of clean energy projects, such as green hydrogen and renewable energy, our technology supports the transition to sustainable and modern energy systems. This ensures that more communities have access to reliable and clean energy sources, promoting environmental sustainability and reducing reliance on fossil fuels. In summary, our startup ensures access to affordable, reliable, sustainable, and modern energy for all

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Our startup contributes to the Decent Work and Economic Growth goal by promoting sustained, inclusive, and sustainable economic development through our innovative AI-powered software. By reducing project costs and accelerating timelines, we enable more capital projects to move forward, creating numerous job opportunities during the execution phase. This is particularly impactful in countries facing economic challenges, where new projects can significantly boost employment. Additionally, our focus on improving project efficiency and reducing costs ensures that energy infrastructure projects are completed faster and within budget. This stability supports long-term job security and fosters economic growth in the regions where these projects are implemented. By enhancing productivity and promoting high-quality employment, our startup plays a crucial role in driving economic development and providing decent work for all.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

Our startup strongly contributes to the Industry Innovation and Infrastructure goal by leveraging cutting-edge AI technology to build resilient infrastructure and promote sustainable industrialization. Our AI-powered software enhances the efficiency and cost-effectiveness of capital projects, ensuring that they are completed on time and within budget. This contributes to the development of robust and reliable infrastructure. By integrating advanced AI solutions into project management and technical reviews, we foster innovation within the industry. Our software streamlines processes, reduces errors, and accelerates project timelines, setting new standards for efficiency and effectiveness in the sector. Additionally, our focus on sustainable practices ensures that the infrastructure we help build is not only resilient but also environmentally friendly. This commitment to sustainability supports the broader goal of inclusive and sustainable industrialization driving economic growth

02.10.01 My startup contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification for my startup

Our startup contributes to the Reduced Inequalities goal by fostering economic opportunities and promoting inclusive growth in diverse regions. By reducing project costs and accelerating execution timelines, our AI-powered software enables more energy projects to be undertaken, particularly in developing countries and economically disadvantaged areas. This increased project activity creates jobs and stimulates local economies, providing equitable economic opportunities for communities that might otherwise be overlooked. Moreover, our commitment to hiring a diverse team from multiple countries, including Tunisia, Nigeria, Canada, France, and Pakistan, ensures that our business practices promote global inclusivity and equal opportunities. Additionally, by enhancing the efficiency and sustainability of infrastructure projects, we help bridge the gap between developed and developing regions, contributing to a more equitable distribution of resources and benefits.

02.11.01 My startup contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Our startup strongly contributes to the Climate Action goal by enabling more efficient and sustainable energy projects through our AI-powered software. By reducing project costs and accelerating timelines, we facilitate the faster implementation of clean energy projects, such as green hydrogen and renewable energy, which are critical in the fight against climate change. Our software improves the accuracy and speed of technical reviews and project management, minimizing delays and reducing the environmental impact associated with prolonged construction activities. By streamlining these processes, we help to lower the carbon footprint of energy infrastructure projects. Furthermore, our focus on integrating advanced AI solutions supports the transition to cleaner energy systems, reducing reliance on fossil fuels and promoting the adoption of sustainable practices. By driving efficiency and sustainability in energy projects, we actively contribute to reducing greenhouse gas emissions

02.14.01 My startup contributes to the Life below water goal

4

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

4

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

4

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification for my startup

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

1 - Strongly Disagree

06.02 The product/service represents an entirely new type of product/service.

7 - Strongly Agree

06.03 The product/service could be described as a new technology.

7 - Strongly Agree

06.04 The product/service is an improvement on an existing product or service.

4

06.05 The product/service could be described as an extension of a range of products or services.

4

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

2

06.08 Justification for my startup

Yes, our product/service is at the frontier of deep tech, involving extensive research and development (R&D). We are pioneering in the application of AI-powered solutions specifically designed to enhance efficiency and cost-effectiveness in oil and gas and wider energy sector capital projects. This innovative approach is unique, as no other company is currently offering such advanced technology to streamline and optimize these specific processes. Our commitment to cutting-edge R&D ensures that we are leading the way in developing entirely new and groundbreaking solutions for the industry.

06.09 Competitive Analysis

Our main potential competitors include other AI companies that offer solutions for project management and documentation reviews. However, our competitive advantage lies in our deep understanding of O&G capital projects. Unlike general AI solutions, our product is specifically designed to address the unique challenges of the O&G industry. This specialization ensures that our software not only integrates seamlessly into existing workflows but also provides targeted improvements in efficiency and cost savings tailored to the specific needs of O&G capital projects. This focus on industry-specific solutions sets us apart from more generic AI offerings.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes. One example is mentoring with the Society of Women Engineers