Call for abstracts for IADC Spark Tank on 5 April
The IADC Future Technology (FT) Subcommittee has issued a call for abstracts for the FT Spark Tank, scheduled for 5 April. The deadline for abstracts is 24 February. To submit an abstract, click HERE.
The IADC FT Spark Tank provides technology entrepreneurs the opportunity to pitch their products and ideas to a panel of drilling contractors and operators. The FT Subcommittee is part of the Advanced Rig Technology Committee.
IADC Future Tech welcomes abstracts on any new technology that will improve efficiency or safety in well construction. The purpose is to provide technology developers with insights (“sparks”) into what matters to the technology users. There is sometimes a disconnect between a good idea and a great product, and this series attempts to close that gap. This forum is not designed to generate investments in the product or service, however.
Each Spark Tank presentation should last no more than 15 minutes, which will allow the panel to ask questions.
Similar to the television show “Shark Tank,” the panel will ask questions and give feedback to the presenters on their product.
Rules of engagement:
The IADC Spark Tank is designed to allow technology entrepreneurs the opportunity to pitch products or ideas to a panel of experts comprising both drilling contractors and operators. The Spark Tank is envisioned as a forum to “spark” new thinking. It will be moderated by officers of the Future Technology Subcommittee and the Advanced Rig Technology Committee.
Format:
Thirty minutes are allotted for each topic. Each presenter will have 15 minutes to speak. Please be as brief and concise as possible.
Panelists will use the remaining 15 minutes for questions and comments. Questions and comments will be candid.
Please be polite and allow others to complete their thoughts before speaking.
Investment:
The Spark Tank is not a vehicle to seek investment for an idea or products, although “order of magnitude” estimate of development cost is acceptable.
For more information about the IADC Future Tech Spark Tank, please contact Mike Killalea at +1-713-292-1945 or at mike.killalea@iadc.org.
