5th Annual 2016 Shale Gas Innovation Contest Launched by Ben Franklin Shale Gas Innovation and Commercialization Center!
STATE COLLEGE, PA – The Ben Franklin Shale Gas Innovation and Commercialization Center www.sgicc.org is announcing today their 5th Annual Shale Gas Innovation Contest, offering a total of $80,000 in cash prizes for the four 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 or West Virginia focused on developing a new product or service for the shale energy space can apply. A simple online application can be found at http://www.sgicc.org/2016-shale-gas-innovation-contest.html.
The SGICC also wants to recognize the generous support of the Benedum Foundation that once again extends the contest to include West Virginia, as well as Pennsylvania.
In addition to the cash prizes, successful applicants will gain exposure to investors, potential partners, and industry sponsors. Additionally at this year’s Finals Event, already scheduled to take place on May 18th, 2016 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 regional universities and research centers.
This 5th Annual Shale Gas Innovation Contest’s GOLD Sponsor is the Ben Franklin Technology Partners (http://www.benfranklin.org). Industry sponsors include: AquaTech (www.aquatech.com), Chevron Technology Ventures (http://www.chevron.com/ctv/ctvi/), EQT Corporation (https://www.eqt.com/ ), First National Bank (www.fnb-online.com ), GE Oil & Gas (http://www.ge-energy.com), Inflection Energy (http://www.inflectionenergy.com/), LPR Energy (http://www.lprenergy.com/), LPR Land Services (http://www.lprls.com/), the Marcellus Shale Coalition (http://marcelluscoalition.org), PPG Industries (http://corporate.ppg.com/), Praxair (www.praxair.com), Steptoe & Johnson PLLC (http://www.steptoe-johnson.com/ ), and Williams (www.williamsinthenortheast.com). Non-Profit sponsors include: Carnegie Mellon University Scott Institute for Energy Innovation (http://www.cmu.edu/energy/), and Penn State University’s Institute for Natural Gas Research (http://www.ems.psu.edu/INGaR).
Bill Hall, Director of the SGICC commented, “The challenging pricing environment that the industry is facing, coupled with the ever increasing emphasis on environmental compliance, and gaining the social license to operate across the Marcellus and Utica Shale Region continues to make new innovations all the more important. The rapid pace of innovation adoption across the shale energy plays in this region has been amazing! Through the contest SGICC shines a light on the best new innovations being developed in our region.”
Entering the competition is easy, requiring the completion of the online application. Any idea or already commercialized product or service related to the shale energy space is eligible. Examples include well pad EH&S products or services, novel materials or chemicals to enhance performance, or for instance prevent corrosion or improve product yield, remote site monitoring technologies, natural gas or NGL conversion technologies, and water management or remediation technologies.
Finalists will be chosen by a panel of industry experts. To download an application, visit www.sgicc.org and click on the 2016 Shale Gas Innovation Contest tab. Deadline to enter is 11:59PM on February 1st, 2016.
For details regarding eligibility or other questions, contact Bill Hall at either 814-933-8203 or email@example.com.
About the SGICC
The Ben Franklin Shale Gas Innovation and Commercialization Center (www.sgicc.org) 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.