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? If so, the Ben Franklin Shale Gas Innovation and Commercialization Center has an offer you can't refuse.
Entries are now being accepted for the 4th Annual Shale Gas Innovation Contest. Once again, the four best shale energy-oriented innovations, new product ideas or service concepts will win $25,000 cash and other support.
The organizers are looking for innovations that are either in the development stage or recently launched. Any idea or already commercialized product or service related to the shale energy space is eligible. Examples include natural gas or NGL utilization products and services; novel materials or chemicals to enhance performance, 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.
“We continue to be amazed by the rapid pace of innovation adoption across the shale energy play,” says SGICC Director Bill Hall. “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. Through the contest, SGICC shines a light on the best new innovations being developed in our region.”
Hall reports that last year's Pennsylvania winners are thriving.
“Optimum Pumping is continuing with mid-stream trial demonstrations and early indications are that they are going very well,” he says. “KCF Technologies has had a rather significant penetration in the shale gas industry and made at least one large project sale to a field services company. TM Industrial Supply, as a result of the contest, made manufacturing changes to reduce the time required to produce their filtration product and has at least one major sale, and anticipates more.”
The contest attracted 70 entries last year. Expecting even more this year, Hall urges applicants to submit ahead of the February 1 deadline. A panel of industry experts will choose the finalists.
Source: Bill Hall, Ben Franklin Shale Gas Innovation and Commercialization Center
Writer: Elise Vider