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RIT Venture Creations announces milestone for Sweetwater Energy, graduate of the affiliated NYSERDA Clean Energy Incubator, and new video series for regional entrepreneurs

The Venture Creations incubator at Rochester Institute of Technology (RIT) announced that Sweetwater Energy, a highly successful 2012 graduate of the associated NYSERDA-sponsored Clean Energy Incubator, has signed a $100 million deal to supply California-based Pacific Ethanol with industrial sugars dervied from non-edible agricultural waste that can be fermented into fuels without driving up demand for food sources like corn.

This brings the volume of contracts signed this year to over half a billion dollars, and the firm is on track to reach $1 billion in 5 years. Sweetwater sells waste-derived sugars for use in ethanol-based fuels and industrial feedstocks to customers nationwide. Up to 50 jobs will be created in Rochester through a joint venture with Naturally Scientific. For more, see the attached news release.

Venture Creations also announced the release of a series of "Startup Insider" videos aimed at first-time entrepreneurs. Venture Creations director Bill Jones is featured in one of the videos, which are available here. For more, see the attached news release.

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Startup Insider 122513.pdf104.9 KB
SweetWater 121913.pdf105.59 KB

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