$750K grant to launch shale gas innovation, commercialization project
The Ben Franklin Technology Center of Central and Northern Pennsylvania has been awarded a $750,000 grant to help launch its Shale Gas Innovation and Commercialization project.
The project is designed to harness entrepreneurial innovation to maximize the economic return to Pennsylvania’s residents from the Marcellus and Utica shale formations, according to a news release. The grant is from the Discovered in PA – Developed in PA program established by Gov. Tom Corbett in 2011.
Ben Franklin’s Shale Gas Innovation and Commercialization Center said it will use the bulk of the D2PA funds to provide grants to PA-based small companies to demonstrate the feasibility of emerging technologies, or seed funds to test and help launch ideas, and to assist in market acceptance and growth of shale energy-focused products or services. These grants will be available statewide to support the commercialization of new technologies leading to the creation of high-paying, sustainable jobs in the commonwealth.
The project is also expected to “expand SGICC’s role as an educator on issues slowing the growth and economic impact of the shale gas play within the commonwealth, particularly oriented towards increasing natural gas utilization,” the release said.