Center offers $75K in contest for shale gas innovators

STATE COLLEGE, Pa. -- The Ben Franklin Shale Gas Innovation and Commercialization Center (SGICC) announced today (Nov. 6) a program that will award a total of $75,000 for the three best shale gas-oriented innovations, new product ideas or service concepts that are either in the development stage or recently launched.

In addition to the cash prizes, successful applicants will gain exposure to investors, potential partners and industry sponsors. This year, the Shale Gas Innovation Contest is co-sponsored by Ben Franklin Technology Partners, America's Natural Gas Alliance, Acorn Energy, Cabot Oil & Gas Corp., CONSOL Energy, Chesapeake Energy, First National Bank, Little Pine Resources, the Marcellus Shale Coalition and Praxair.

Bill Hall, director of the SGICC remarked, “What’s great about this competition is that a simple online summary is all that’s required to get started. Any idea related to the shale gas space is eligible -- even if the product or service has already been commercially developed. Examples include vehicle conversion, natural gas utilization products/services, remote site monitoring, natural gas or NGL (natural gas liquids) conversion technologies and water remediation for fracking operations."

Finalists will be chosen by a panel of industry experts. To download an application, visit www.sgicc.org and click on the $75,000 2013 Shale Gas Innovation Contest tab. The deadline is Feb. 1. For details regarding eligibility or other questions, contact Hall at 814-933-8203 or billhall@psu.edu.

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Last Updated November 06, 2012