Pittsburgh Technical Council

$100,000 up for grabs in fourth annual Shale Gas Innovation Contest

$100,000 up for grabs in fourth annual Shale Gas Innovation Contest

Article Published: December 15, 2014

Are you a researcher, entrepreneur, or small business located in Pennsylvania or West Virginia that is focused on developing a new product or service for the shale energy space?  The Ben Franklin Shale Gas Innovation and Commercialization Center (SGICC) recently announced they will offer a total of $100,000 in cash prizes to the four best shale energy-oriented innovations, new product ideas, or service concepts currently being developed or recently launched. Click here to complete a simple, on-line application.

“We also want to recognize the Benedum Foundation, whose generous support allows us to once again extend the contest to include West Virginia, as well as Pennsylvania,” Bill Hall, Director of the SGICC, said.

In addition to the cash prizes, successful applicants will gain exposure to investors, potential partners, and industry sponsors.  This year’s 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.   

Hall noted: “We continue to be amazed by the rapid pace of innovation adoption across the shale energy play. Entrepreneurs, as well as many small businesses, are playing a significant role by developing new technologies or offering existing products or services that could be used in various aspects of the shale energy play. Any idea or already commercialized product or service related to the shale energy space is eligible. The finalists will be chosen by a panel of industry experts.”

To download an application, visit www.sgicc.org and click on the $100,000 Shale Gas Innovation Contest tab.  The deadline to enter is February 1, 2015.  For details regarding eligibility or other questions, contact Bill Hall at either 814-933-8203 or billhall@psu.edu.

About 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.  

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