This Year’s Shale Gas Innovation Contest Will Award a Total of $100,000 in Cash Prizes!

STATE COLLEGE, Pa.--()--The Ben Franklin Shale Gas Innovation and Commercialization Center www.sgicc.org has announced their 2014 Shale Gas Innovation Competition. Cash awards totaling $100,000 will be made to the four best shale gas-oriented innovations, new product ideas, or service concepts. The contest is open to researchers, entrepreneurs, or small company innovators in Pennsylvania or West Virginia or those willing to locate to either state.

To download an application, visit www.sgicc.org and click on the $100,000 Shale Gas Innovation Contest tab. The deadline for applications is February 1, 2014.

“We are constantly amazed at the creativity we see from entrepreneurs who want to provide products or services to the play,” remarked Bill Hall, Director of the SGICC. “What’s great about this competition is that a simple online summary is all that’s required to get started. Basically any idea related to the shale energy space is eligible – even if it has already been commercially developed. In the past, we’ve seen applications related to natural gas utilization products/services, remote site monitoring, well pad EH&S products or services, natural gas or NGL conversion technologies, and water management or remediation technologies.”

For details regarding eligibility contact Bill Hall at 814-933-8203 or billhall@psu.edu. Finalists will be chosen by a panel of industry experts at an Awards Event in May 2014.

In addition to the cash prizes, successful applicants will gain exposure to investors, potential partners, and industry sponsors. Traditionally a Pennsylvania-focused event, the contest has been expanded to include West Virginia through a grant from the Benedum Foundation. This year the competition is co-sponsored by Ben Franklin Technology Partners (http://www.benfranklin.org), ANGA (www.anga.us), Acorn Energy (http://acornenergy.com), AquaTech (www.aquatech.com), Baker Hughes (www.bakerhughes.com), Cabot Oil & Gas Corporation (www.cabotog.com), Chevron Technology Ventures (http://www.chevron.com/ctv/ctvi/), CONSOL Energy (www.consolenergy.com), Chesapeake Energy (www.chk.com), First National Bank (www.fnb-online.com ), GE Oil & Gas (http://www.ge-energy.com), Little Pine Resources (http://littlepineresources.com), the Marcellus Shale Coalition (http://marcelluscoalition.org), Praxair (www.praxair.com), Range Resources http://www.rangeresources.com/), and Seneca Resources Corporation (http://natfuel.com/seneca/).

The Ben Franklin Shale Gas Innovation and Commercialization Center (www.sgicc.org) is designed to encourage the development of new technologies from the Marcellus and Utica shale formations, while enhancing responsible stewardship of the environment.

Contacts

Ben Franklin Technology Partners
Bill Hall/Director, 814-933-8203
billhall@psu.edu

Release Summary

Cash awards totaling $100,000 will be made to the four best shale gas-oriented innovations, new product ideas, or service concepts.

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Contacts

Ben Franklin Technology Partners
Bill Hall/Director, 814-933-8203
billhall@psu.edu