Are you a researcher, entrepreneur, or small business in Pennsylvania or West Virginia focused on developing a new product or service for the shale energy space? The Ben Franklin Shale Gas Innovation and Commercialization Center have announced their 4th Annual Shale Gas Innovation Contest, offering a total of $100,000 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. Thanks to the generous support of the Benedum Foundation the contest has once again been extended to include West Virginia.
In addition to the cash prizes, successful applicants will gain exposure to investors, potential partners, and industry sponsors. This 4th Annual Shale Gas Innovation Contest is co-sponsored by Ben Franklin Technology Partners, AquaTech, Chevron Technology Ventures , CONSOL Energy, First National Bank, GE Oil & Gas, INABATA America Corporation, Little Pine Resources , the Marcellus Shale Coalition , PPG Industries , Praxair, Range Resources , Shell , Steptoe & Johnson PLLC ,Williams, and XTO Energy.
Bill Hall, Director of the SGICC noted, “We continue to be amazed by the rapid pace of innovation adoption across the shale energy play. Entrepreneurs along with many small businesses are playing a significant role, developing new technologies or offering existing products or services already in use in other areas, now being incorporated in to various aspects of the shale energy play. Through the contest SGICC shines a light on the best new innovations being developed in our region.”
Any idea or already commercialized product or service related to the shale energy space is eligible. Examples include natural gas or NGL utilization products/services, novel materials or chemicals to enhance performance or, for instance prevent corrosion or improve product yield, remote site monitoring technologies, well pad EH&S products or services, natural gas or NGL conversion technologies, and water management or remediation technologies.
Finalists will be chosen by a panel of industry experts. Deadline to enter is February 1, 2015.
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