Open Innovation Contest Offers $100,000 in Prize Money
The 2014 Shale Gas Innovation Competition organized by the Ben Franklin Shale Gas Innovation and Commercialization Center (SGICC) is offering awards totaling $100,000 to the four best shale gas-oriented innovations, new product ideas, or service concepts.
The contest is for researchers, innovators and entrepreneurs in Pennsylvania or West Virginia or those willing to locate to either state. Any idea related to shale energy will be welcomed, even if it has already been commercially developed.
This will be the third year that the SGICC has hosted the open innovation competition and the prize pot is the biggest one to date.
In addition to the prize money on offer, successful participants will gain access to investors, sponsors and potential partners.
Creativity
Bill Hall, Director of SGICC, commented: “We are constantly amazed at the creativity we see from entrepreneurs who want to provide products or services to the play. What’s great about this competition is that a simple online summary is all that’s required to get started.”
In previous years, participants have submitted ideas related to natural gas utilization products/services, water management or remediation technologies and remote site monitoring. To see last year’s winning entries and technologies click here.
Deadline for Entries
For more details and to download and fill in an application form, click here. The deadline for entries is the 1st February 2014. Finalists will be selected by a panel of industry experts and the four winners (who’ll each pick up $25,000) will be an announced at a special awards event in May 2014.
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