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A technology start-up company with roots in Rochester and RIT is getting some help from New York State.

The company is called Token and it was founded last year by two RIT grads, Melanie and Steve Shapiro.

They make a special type of ring that you can wear as a device  that you would use to do everything from make mobile payments to enable ‘smart locks’ for your home or car.

Empire State Development says that through its New York State Innovation Venture Capital Fund it will invest up to $1.75 million in the company.

saunders.rit.edu

Among those watching the deal announced Wednesday where Fuji will gain majority control of Xerox as part of a new company called Fuji Xerox is a retired longtime Xerox executive.

Emerson Fullwood worked for Xerox for 36 years, in a variety of roles, including having been president of the company's Worldwide Customer Services Group. The Pittsford resident also is still a member of various corporate boards, including the Vanguard Group and SPX Corporation, and he has been an Executive in Residence at RIT.

Randy Gorbman / WXXI News

RIT officials say an alum of the university has just given them $50 million, the largest donation ever made to that institution.

Austin McChord is a 32 year old, 2009 graduate of RIT, who started a company called Datto. That’s a Connecticut-based data protection company that also employs about 200 people in downtown Rochester.

McChord is also an RIT trustee, and he says he started his company in 2007 with an idea he had while he was a student.

The latest Paychex-IHS Small Business Employment Watch is out; we talk about the changes in job growth and wage growth in the November survey.

We also talk about some changes for the Xerox Board of Directors; One director, who has worked with activist investor Carl Icahn is resigning, but he and three others will seek to join the board next year.

And there are corporate changes for a local high-tech company, iCardiac Technologies.

A. Sue Weisler/RIT

It was inauguration day on Thursday for the tenth president at Rochester Institute of Technology.

David Munson told the hundreds who gathered at the Gordon Field House and Activities Center that RIT needs to double down on making the campus a thriving ecosystem to stimulate creativity and innovation which is the translation of an idea into a product, service or process that has economic or social value.

"Every student can be involved in creating things that never before existed and then putting those concepts into motion in an effort to improve the world."

www.rit.edu

RIT is continuing its involvement in working to help American manufacturers work more efficiently. The local university is part of a new effort aimed at using advanced robotics in industry.

RIT is a core academic partner in this new consortium, which is led by Carnegie Mellon University and includes more than 220 partners in industry, academia, government and the non-profit sector.

RIT has received a federal grant to research sustainable solutions for minimizing and managing the growing and complex challenges of food waste.

The $1 million National Science Foundation grant was awarded to Callie Babbitt, an associate professor at the Golisano Institute for Sustainability.

rit.edu

Nearly three thousand people gathered along Street Street in Rochester Sunday night in front of the Kodak headquarters building.  It was for the purpose of taking a very special photo.

Organizers gave a countdown just before instructing the crowd to shine their flashlights and camera flashes at the Kodak Tower, and then told them when to stop. It was for RIT's Big Shot, a special photo art project now in its 32nd year.

rit.edu

An RIT professor has received a federal grant for research in the effort to develop new drugs to combat the rise in the number of antibiotic-resistant bacteria.

Associate Professor Andre Hudson has been awarded a nearly $437,000 grant to look into the concept of using a certain enzyme to help develop antibiotics that do a better job of targeting specific bacteria. Hudson is with RIT’s Gosnell School of Life Sciences.

He says current antibiotics are designed to kill a wide variety of bacteria, and that can cause problems.

rit.edu

A group of RIT students took first place Monday in a competition designed to end extremism. 

The competition is sponsored in part by the U.S. State Department as a way of countering hateful extremist rhetoric, by groups like ISIS and others, in various online sites and social media.

A team of 17 RIT students, many of them marketing majors, was one of three finalists in this competition which also includes a team from Azerbaijan and Brussels. Five of the 17 students traveled to Washington to represent RIT.

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