Launch Overview
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The document summarizes the work of SCRA, a non-profit organization that collaborates with South Carolina universities to support the state's knowledge economy. It does this through several innovation pipeline programs that provide funding and resources to startup companies working in key technology sectors like life sciences, advanced materials, and information technology. The results to date include millions of dollars in follow-on funding for supported companies, over 100 jobs created with average salaries of $77,000, and positive feedback from CEOs of client companies who say the program has helped legitimize, expand, and accelerate their businesses.
Launch Overview
- 1. 速 Helping build South Carolinas Knowledge Economy An SCRA Collaboration
- 2. Launch circle w/ univs A Collaboration Among SCRA and South Carolinas Research Universities
- 3. Advanced Materials and Fibers Alternative Energy Automotive Life Sciences / Biotechnology / Biomedical Engineering and Chemicals Related Information Technology and Software Technology Sectors
- 11. High-performance knowledge economy firm creation Job creation (professional and research & development jobs above the prevailing wage rate) Linkages between universities and private industry (e.g. spin-outs, spin-offs, tie-backs, etc.) Client companies funded Follow-on financing of SC Launch! companies Financial return on equity and loan investments in SC Launch! companies Measuring Success
- 12. 50,000,000 dollars in follow-on funding secured by SC Launch! companies 77,000 average salary (in dollars) of jobs created 162 members of the Circle of Innovation 116 companies that have received some form of funding 65 companies currently receiving support Results to Date
- 13. 35 innovation prizes awarded to inventors 12 demonstration projects funded 9 SBIR/STTR matching grants awarded 5 research and development landing parties Results to Date
- 14. SC Launch! has legitimized us through their due diligence process and has better positioned us to angel investor groups, venture capital firms and to people throughout the region. Marty Lefkowitz, CEO - DigitalDerm By working with the SC Launch! program, Sabal is able to take this technology to a broader marketplace. The relocation to South Carolina was a strategic move. Bill Park, CEO and President - Sabal Medical The financial infusion from SC Launch! has enabled us to accelerate our product development, patent protection and FDA testing activity while we raised $3.5 million from our private equity funding for continued growth. Steve Johnson, CEO - CreatiVasc Medical SC Launch! has been particularly valuable through the University Grant they awarded us. This provided working capital for equipment, raw materials and other operating costs so vital to a start-up. Chuck Pringle, SensorTech Inc., CEO From our Client Companies
- 15. Join the Circle of Innovation Dollar-for-dollar SC tax credit for contributions to the Industry Partnership Fund