Arbor Fuel wins Connecticut Center for Advanced Technology Small Business Incubator Program grant for biofuel development
FARMINGTON, CT: February 3, 2009 - Arbor Fuel has been awarded a grant from the Connecticut Center for Advanced Technology under the Small Business Incubator Program to help fund its ongoing development of yeast strains for the production of biofuels. This grant is made in partnership with the Connecticut Department of Economic and Community Development who provides funding for the program. This award is consistent with the State of Connecticut's commitment to support small businesses and to encourage innovation, entrepreneurship and competitiveness.
Steven Henck, President and CEO of Arbor Fuel, said "We are very grateful to have been awarded this grant to support our development of yeast strains capable of producing biofuels. It is tremendous that the state of Connecticut is taking such an active role in supporting both small, innovative companies as well as alternative fuels. We look forward to moving forward in our research and helping to make alternative fuels an economic reality."
About Arbor Fuel
Arbor Fuel is developing yeast strains and processes which will enable the production of both ethanol and butanol from renewable, non-food biomass sources. The technology it is developing will produce both bioethanol and biobutanol while helping to alleviate the current unintended consequences of the utilization of food crops for the production of biofuels, such as the production of bioethanol from corn or sugarcane.
About the Connecticut Center for Advanced Technology
The Connecticut Center for Advanced Technology, Inc. (CCAT) helps private and public entities to apply innovative tools and practices to increase efficiencies, improve workforce development and boost competitiveness. CCAT functions as a unique economic development organization that combines expertise in cutting-edge technology with specialized centers of excellence in manufacturing, education, training, energy and entrepreneurialism. Throughout these efforts, it promotes partnership between industry, academia and government to create a new collaborative framework for addressing 21st-century economic challenges.
About the Connecticut Department of Economic and Community Development
The Connecticut Department of Economic and Community Development is the state's lead agency for the development and implementation of policies, strategies and programs that support business growth and innovation. The department offers a wide range of programs and services to help companies prosper in Connecticut.