$688 million
Average annual impact of SCRA on South Carolina
“If it weren’t for SCRA’s SC Launch program, we wouldn’t be where we are today. The funding and support really helped and gave us a lot of credibility for future rounds of financing.” Jerry Callahan, CEO, Heatworks
4,099 Yearly average SC-based jobs supported by SCRA
$71,245
Average salary of jobs created by SC Launch companies
1.3 million
Total square footage of research, lab, collaboration and office space managed by SCRA
$48 million
Grants and investments funded to fuel innovation in South Carolina
HEATWORKS
Region: Coastal Industry: Advanced Manufacturing and Materials Funding Received: SC Launch, Inc. Investment
Heatworks is reinventing the way the world heats and uses water. Using their patented Ohmic Array Technology, Heatwork’s products do not use traditional heating elements. Instead, through graphite electrodes and advanced electronic controls, the naturally occurring minerals in water are excited, directly and efficiently heating the water. Nothing gets hotter than the water itself, resulting in zero scaling and corrosion. The company’s focus is on the three P’s: purity, precision and performance. Heatworks is located in Mt. Pleasant, SC and was accepted as an SC Launch Client Company in 2011. They received a $200,000 investment in 2011 and a second, $250,000 investment in 2012.
south Carolina research authority #fuelingSCinnovation
ACADEMIA
SCRA works to establish research alliances and invest in shared infrastructure equipment and pilot projects across the state. Partnerships with academic institutions create opportunities to advance research capabilities and commercialize technology.
ENTREPRENEURSHIP
SCRA’s Entrepreneurial Program, SC Launch, provides early-stage companies mentoring and support services. Companies may be eligible for SCRA grant funding and/or an SC Launch, Inc. investment.
Chartered by the state in 1983, SCRA fuels South Carolina’s innovation economy by accelerating technology-enabled growth in research, academia, entrepreneurship and industry. Three sectors of focus have been defined: Advanced Manufacturing & Materials; Information Technology; and Life Sciences.
INDUSTRY
mentoring, support services and coaching that is tailored to each company’s needs.
GROW - The
LEARN - Companies have access to exclusive regional networking events. Launch & Learn sessions provide a casual learning environment and curated content.
SCRA Innovation Centers offer state-of-the-art facilities for emerging companies and academic institutions.
SCALE - Regional Managers provide
The SC Launch program is open to qualified South Carolina companies in our sectors of focus. Companies that meet the requirements can apply for the program.
LAUNCH - SCRA bridges
Funding is used to advance research capabilities, commercialize technology, expand product offerings, help with relocation costs and more.
GRANTS
WHO
WHAT
WHY
Maturation Fund
Higher education institutions in SC
Up to $15,000
To expand university technology development by augmenting an institution’s funds
Project Development Fund
Early-stage companies
Up to $25,000
To assist a startup in achieving critical milestones to commercialization
Academic Startup Assistance Program
Academic startups
Up to $25,000
To assist an academicallyaffiliated startup in achieving critical milestones to commercialization
SBIR/STTR
Federal Phase 1 awardees
Up to $50,000
To address critical gaps to obtaining Phase II funding
Acceleration
Established early-stage companies
Up to $50,000
To progress a company towards commercializaion and/or better position a company for future investment capital
Demonstration
Higher education institutions in SC and/or startups
Up to $50,000
To provide a valuable solution for a corporate partner and foster growth for a small business or academic partner
Relocation
Technologybased companies relocating to SC
Varies
To offset relocation costs
FACILITIES
SCRA addresses unmet corporate needs by connecting industry to innovation. SCRA also helps to relocate technology-based companies into the state.
HOW SC LAUNCH WORKS
Funding opportunities
the gap from friends and family funding to later-stage investments by providing seed funding.
SCRA Resource Partner Network provides business collaborations, executive mentors and support in key business areas.
SC LAUNCH, INC. INVESTMENTS SC Launch Client Companies may be eligible to receive investments from SC Launch, Inc., which are approved by the SC Launch, Inc. Board.
FOR MORE INFORMATION VISIT WWW.SCRA.ORG/FUNDING