The Ben Franklin Shale Gas Innovation and Commercialization Center is now accepting entries for its 2017 Shale Gas Innovation Contest which this year is offering a total of $60,000 in cash prizes for the three best shale energy oriented innovations.

The deadline for applications is February 5.

Researchers, entrepreneurs, or small businesses in Pennsylvania focused on developing a new product or service with applicability to the oil and gas industry can apply.

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 for instance prevent corrosion or improve product yield, remote site monitoring technologies, natural gas or NGL use or conversion technologies, and water management or remediation technologies.

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

 Finalists will be chosen by a panel of industry experts.

“We are excited to once again support our entrepreneurial community across the Commonwealth,” said Bill Hall, Director of the SGICC.  The rapid pace of innovation adoption across the shale energy play has been amazing! Through the contest SGICC shines a light on the best new innovations being developed in the state.”

Finals Event

This year’s Finals Event is scheduled to take place May 9 at the Hilton Garden Inn in Southpointe, Washington County.  There will be a poster session included to highlight some of the most promising technologies under development at Carnegie Mellon and Penn State universities.

A keynote address will also be included highlighting the opportunities companies are being presented through the rapidly advancing Industrial Internet of Things (IoT). Rich Hufnagel  IoT Specialist from Verizon Wireless will address how network connectivity of products can allow them to both send and receive data, expanding B2B opportunities.

Industry sponsors of this year’s contest 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.

For all the details, visit the 2017 Shale Gas Innovation Contest webpage.  Questions should be directed to Bill Hall by calling 814-933-8203 or sending email to: billhall@psu.edu.

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[Posted Dec. 9, 2016]

12/13/2016