A Total of $80,000 in Cash Prizes Will Be Awarded at This Year’s 5th Annual 2016 Shale Gas Innovation Contest
Innovators who are developing or have recently commercialized new
products or services that are applicable to any aspect of the O&G
industry should be entering the 5th Annual
Shale Gas Innovation Contest. The contest, sponsored by Ben
Franklin’s Shale Gas Innovation and Commercialization Center (www.sgicc.org)
offers a total of $80,000 in cash prizes to be split among the
four best shale-energy oriented innovations. Any new technology that
could be employed along the entire O&G industry value chain is of
interest. The contest is open to small businesses, researchers, or
entrepreneurs in Pennsylvania or West Virginia. A simple online
application can be found at http://www.sgicc.org/2016-shale-gas-innovation-contest.html.
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.
Entering the competition is easy, requiring only the completion of the
online application. Any idea or already commercialized product or
service related to the oil & gas space is eligible. Examples include
well pad or mid-stream 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 downstream conversion technologies, and water management or
remediation technologies. “Continuous improvement along the entire value
chain is a constant industry objective,” stated SGICC Director Bill Hall.
This 5th Annual Shale Gas Innovation Contest’s GOLD Sponsor
is 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 Transportation (http://www.getransportation.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’s Scott
Institute for Energy Innovation (http://www.cmu.edu/energy/),
Penn State University’s Institute for Natural Gas Research (http://www.ems.psu.edu/INGaR),
the University of Pittsburgh’s Center for Energy (http://www.engineering.pitt.edu/cfe/),
and West Virginia University’s Energy Institute (http://energy.wvu.edu/).
The SGICC also wants to recognize the generous support of the Benedum
Foundation which allows the contest to include West Virginia, as well as
Pennsylvania.
Finalists will be chosen by a panel of industry experts. To review the
eligibility requirements and 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 questions regarding eligibility or for any other questions, contact
Bill Hall at either 814-933-8203 or billhall@psu.edu.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160114006119/en/
Copyright Business Wire 2016
Source: Business Wire
(January 14, 2016 - 2:00 PM EST)
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