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Rochester paper covers two tenant/clients of NYSERDA Clean Energy Incubator at RIT Venture Creations; local media review rapid job growth at two others

The Rochester Democrat & Chronicle profiled two tenant/clients at the Venture Creations incubator at RIT and its NYSERDA-supported Clean Energy Incubator:

The paper also revisited Vnomics, a Venture Creations graduate that has received considerable attention for its fleet-management and diagnostics system. The story reviewed the RIT spinoff's expectation to add 100 new jobs in the next two years, and its contract with Navistar, a major industrial company.

In addition, the Rochester Business Journal covered the rapid growth of IMSWorkX, a developer of applications for IP-based telecommunications, which entered the incubator with four employees a little more than a year ago, has grown to eight, and now expects growth to 12.

For more information, see Venture Creations' four recent news releases.

KYNTEC graduates from UB Technology Incubator to 27,000 square feet of commercial space after 7 months of rapid growth

KYNTEC Corpopration, a maufacturer of high-tech shock absorbers and mounts, graduated from the UB Technology Incubator after only 7 months of rapid growth to 27,000 square feet of private-sector manufacturing space in nearby Cheektowaga. KYNTEC became the 88th company to graduate from the incubator, which is one of our founding supporting members and an anchor of the Western New York Innovation Hot Spot. For more information, see the university news release.

Stony Brook video features clean-energy incubation clients served at university's Advanced Energy Research and Technology Center

Stony Brook University has published a video interview (embedded after the break) featuring former KeySpan CEO Bob Catell reviewing with enthusiasm several clients of the NYSERDA-sponsored Clean Energy Business Incubation Program (CEBIP). The CEBIP roster includes companies which are physically housed in incubation space at Stony Brook's Advanced Energy Research and Technology Center, whose program Mr. Catell chairs.

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RIT issues review of Venture Creations incubator: $30m in capital raised, 340 jobs created, and 57 companies housed in the first decade

Our member the Venture Creations incubator at Rochester Institute of Technology (RIT) has posted a year-in-review, including its cumulative job-creation record in its first decade of development: 57 companies housed, 340 jobs created, and more than $30 million in private capital leveraged. 

The document also reports that during 2013 Venture Creations

  • was notified by the New York State Energy Research and Development Authority (NYSERDA) that RIT's contract for a Clean Energy Incubator will be extended for an additional four years, carrying substantial support for incubation services aimed at the 10 of 23 tenants that are in the clean energy program;
  • joined High Tech Rochester (which is another of our members) and several other regional partners in a successful effort to be designated a NYS Innovation Hot Spot, which carries major tax advantages for participating startups and brings additional state operating support for quality incubation services;
  • graduated a range of exciting companies including OptiCool, FluxData, SweetWater Energy, Vnomics, Digsby, and Jorsek. 

For more information, see RIT's news release

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