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There’s still plenty of time left for innovators in Pennsylvania to submit their applications to the Sixth Annual Ben Franklin Shale Gas Innovation and Commercialization Center‘s Shale Gas Innovation Contest. The three winners will each receive a check for $20,000. Small businesses, researchers or entrepreneurs with new products or services that are either in the development stage or recently launched with applicability to the oil and gas industry are eligible.
A simple online application can be found here.
Successful applicants will gain exposure to investors, potential partners and industry sponsors at the finals, scheduled to take place on May 9, 2017, at the Hilton Garden Inn Southpointe. The keynote address will highlight the opportunities presented by the rapidly advancing Industrial Internet of Things (IoT). Rich Hufnagel, an IoT Specialist from Verizon Wireless, will share how rapidly advancing sensor technologies — combined with network connectivity that provides constant communication with products and machinery — expand B2B opportunities.
The event will also include a reception where exhibitors can display innovative O&G-focused new technologies, including posters highlighting some of the most promising technologies under development at Carnegie Mellon and Penn State. Click here to register for this FREE event.
The Sixth Annual Shale Gas Innovation Contest’s GOLD Sponsor is Ben Franklin Technology Partners. Industry sponsors include AquaTech, Chevron Technology Ventures, EQT Corporation, Fluid Recovery Systems, LPR Energy, LPR Land Services, the Marcellus Shale Coalition, Praxair, Range Resources, Steptoe & Johnson PLLC, and Williams. Nonprofit sponsors include Carnegie Mellon University’s Scott Institute for Energy Innovation and the Penn State University’s Institute for Natural Gas Research.
Entering the competition is easy, requiring the completion of the simple online application. Any idea or already commercialized product or service related to the oil and gas industry is eligible. Examples include well pad EH&S products or services, novel materials or chemicals to enhance performance or prevent corrosion/improve product yield, remote site monitoring technologies, natural gas or NGL use or conversion technologies, and water management or remediation technologies.
Finalists will be chosen by a panel of industry experts. Applications due by 11:59 p.m. on February 6, 2017.
For details regarding eligibility or other questions, contact Bill Hall, SGICC Director, at 814-933-8203 or billhall@psu.edu.
About the 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.
Photo: Bill Hall, Director of SGICC
