STATE COLLEGE, Pa.--(BUSINESS WIRE)--Amid a challenging business environment for the region’s oil and gas industry, the services offered by the Shale Gas Innovation & Commercialization Center (www.sgicc.org) have become even more critical. Using funds provided by the Pennsylvania Department of Community & Economic Development (PA DCED), SGICC commissioned a study on the evolving relationship between Pennsylvania-based entrepreneurs and the companies they serve in the industry. Go to http://www.sgicc.org/dced-grant-white-papers.html to access the report.
“This report has helped our future planning by validating the things we are doing well and highlighting the areas where we can continuously improve our services.”
Given the historically low commodities prices, Pennsylvania-based companies are facing new challenges when introducing a new product or service into the upstream markets. This dynamic makes organizations with missions such as the SGICC even more critical, and challenges entrepreneurs to look for more diversified applications of their technologies – ideally resulting in stronger long-term viability. Bill Hall, SGICC Director commented, “This report has helped our future planning by validating the things we are doing well and highlighting the areas where we can continuously improve our services.”
The report identified things that innovating companies need to do:
The Ben Franklin Shale Gas Innovation and Commercialization Center (www.sgicc.org), an initiative of Ben Franklin Technology Partners/CNP (http://www.cnp.benfranklin.org) is designed to harness innovation and new technologies as a means to maximize the economic return to Pennsylvania’s citizens from the various shale formations comprise part of the energy reserves of the Commonwealth. The Center also identifies, supports and helps commercialize technologies and early-stage businesses that enhance responsible stewardship of the environment while properly utilizing this transformative energy asset.
ContactsShale Gas Innovation & Commercialization Center (SGICC)
Bill Hall, 814-863-4881
Original Source: http://www.businesswire.com/news/home/20150903005128/en/Ben-Franklin%E2%80%99s-SGICC-Releases-Study-Technology-Adoption#.VhSc6BNVhBd