Applications Open for Sixth Annual 2017 Shale Gas Innovation Contest
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The Ben Franklin Shale Gas Innovation and Commercialization Center has announced the Sixth Annual Shale Gas Innovation Contest. This year, they are offering a total of $60,000 in cash prizes for the three best shale energy-oriented innovations, new product ideas, or service concepts that are either in the development stage or recently launched. Researchers, entrepreneurs, or small businesses in Pennsylvania focused on developing a new product or service with applicability to the oil and gas industry can apply.
In addition to the cash prizes, successful applicants will gain exposure to investors, potential partners, and industry sponsors. Additionally at the finals’ event, scheduled to take place on May 9, 2017, at the Hilton Garden Inn in Southpointe, PA, there will be a poster session included to highlight some of the most promising technologies under development at Carnegie Mellon and Penn State University. A keynote address will also be included highlighting the opportunities available to companies through the rapidly advancing industrial internet of things (IoT). Rich Hufnagel, an expert on this topic from Verizon Wireless, will address how network connectivity of products can allow them to both send and receive data, expanding B2B opportunities.
“We are excited to once again support our entrepreneurial community across the Commonwealth. The rapid pace of innovation adoption across the shale energy play has been amazing! Through the contest SGICC shines a light on the best new innovations being developed in the state,” said Bill Hall, director of SGICC.
Entering the competition is easy requiring only the completion of the online application. Any idea or already commercialized product or service related to the oil and gas industry is eligible. Examples include well pad EH&S products or services, novel materials or chemicals to enhance performance or prevent corrosion or improve product yield, remote site monitoring technologies, natural gas or NGL use or conversion technologies, and water management or remediation technologies.
About the SGICC
The Ben Franklin Shale Gas Innovation and Commercialization Center is designed to harness innovation and new technologies as a means to maximize the economic return to Pennsylvania’s citizens from the Marcellus and Utica shale formations. The center’s goal is to increase sustainable employment and wealth creation in Pennsylvania that has the potential to outlast the initial exploration, production and transportation of natural gas from the formations. The center will also identify, support and commercialize technologies and early-stage businesses that enhance responsible stewardship of the environment while properly utilizing this transformative energy asset.
To stop by SGICC’s website, CLICK HERE
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