The Ben Franklin Technology Partners of Central and Northern PA are offering two prizes totaling $50,000 for companies or entrepreneurs as part of a contest to support technology and research innovation in natural gas exploration. Entries are due January 30.
The contest is designed to find the best new ideas that will improve economic return from the growing gas industry in Pennsylvania, according to Ben Franklin.
Ben Franklin, a state-backed investment group, is offering the prizes through its Shale Gas Innovation and Commercialization Center.
The contest also is sponsored by: Marcellus Shale Coalition, a Washington County-based group representing gas exploration companies; Little Pine Resources, a Dallas-based gas drilling company with offices in Clearfield County; Chesapeake Energy Corp., the Oklahoma City-based oil and gas company with significant operations in Pennsylvania; First National Bank, based in Mercer County; and Schlumberger Ltd., a Houston-based provider of well site operations, engineering and services to oil and gas companies.
Applicants cannot have received past Ben Franklin funding and must have a presence in central and northern Pennsylvania, or plan to move here. Click Here for details.