FOR IMMEDIATE RELEASE: November 20, 2014
For further information: Bill Hall/Director
Shale Gas Innovation & Commercialization Center
814-933-8203 / email@example.com
$100,000 Available in the 4th Annual Shale Gas Innovation Contest!
STATE COLLEGE, PA – Are you a researcher, entrepreneur, or small business in Pennsylvania or West Virginia focused on developing a new product or service for the shale energy space? The Ben Franklin Shale Gas Innovation and Commercialization Center www.sgicc.org just announced today their 4th Annual Shale Gas Innovation Contest, offering a total of $100,000 in cash prizes for the four best shale energy oriented innovations, new product ideas, or service concepts that are either in the development stage or recently launched. A simple online application can be found at http://www.sgicc.org/2015-shale-gas-innovation-contest.html.
We also want to recognize the generous support of the Benedum Foundation that once again extends the contest to include West Virginia, as well as Pennsylvania.
In addition to the cash prizes, successful applicants will gain exposure to investors, potential partners, and industry sponsors. This 4th Annual Shale Gas Innovation Contest is co-sponsored by Ben Franklin Technology Partners (http://www.benfranklin.org), AquaTech (www.aquatech.com), Chevron Technology Ventures (http://www.chevron.com/ctv/ctvi/), CONSOL Energy (www.consolenergy.com), First National Bank (www.fnb-online.com ), GE Oil & Gas (http://www.ge-energy.com), INABATA America Corporation (http://us.inabata.com/), Little Pine Resources (http://littlepineresources.com), the Marcellus Shale Coalition (http://marcelluscoalition.org), PPG Industries (http://corporate.ppg.com/), Praxair (www.praxair.com), Range Resources (http://www.rangeresources.com/), Shell (http://www.shell.com/), Steptoe & Johnson PLLC (http://www.steptoe-johnson.com/ ),Williams (www.williamsinthenortheast.com), and XTO Energy (http://www.xtoenergy.com/).
Bill Hall, Director of the SGICC noted, “We continue to be amazed by the rapid pace of innovation adoption across the shale energy play. Entrepreneurs along with many small businesses are playing a significant role, developing new technologies or offering existing products or services already in use in other areas, now being incorporated in to various aspects of the shale energy play. Through the contest SGICC shines a light on the best new innovations being developed in our region.”
Entering the competition is easy, requiring the completion of a simple online application found at http://www.sgicc.org/2015-shale-gas-innovation-contest.html. Any idea or already commercialized product or service related to the shale energy space is eligible. Examples include natural gas or NGL utilization products/services, novel materials or chemicals to enhance performance or, for instance prevent corrosion or improve product yield, remote site monitoring technologies, well pad EH&S products or services, natural gas or NGL conversion technologies, and water management or remediation technologies.
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. Deadline to enter is February 1, 2015.
For details regarding eligibility or other questions, contact Bill Hall at either 814-933-8203 or firstname.lastname@example.org.
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.