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SCRA Announces New Member Companies and Grant Funding |
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Summerville, S.C. – Infinity Collar, Lokdon, Offeroo, Rainwalk Technology, Ruffian Software, and Xpress Group Inc. were accepted as SCRA Member Companies. ADoH Scientific and LifeTagger received new grant funding. All SCRA Member Companies receive coaching, access to experts in SCRA’s Resource Partner Network, eligibility to apply for grant funding, and the potential to be considered for an investment from SCRA’s investment affiliate, SC Launch, Inc.
ADoH Scientific LLC received a $50,000 Acceleration Grant. The Mount Pleasant-based Member Company helps organizations address and manage employee mental health issues. They offer science-based, digital assistance and solutions including integrated support and interventions.
Infinity Collar LLC has been accepted as an SCRA Member Company. The Fort Mill-based company created the first and only fully portable and customizable pet containment system. It allows users to keep their pets safe wherever they go while also giving them the freedom to explore the area they are in without physical hardware constraints.
LifeTagger LLC received a $50,000 Acceleration Grant. The Ladson-based Member Company provides an app that enables businesses to get the best content to new and existing customers using real-time marketplace indicators. From photos, promos, and more, their dashboard makes it easier for companies to connect and engage with their intended audiences.
LokDon LLC has been accepted as an SCRA Member Company. The Columbia-based startup developed a robust, fast, low-cost, security module as a software service using patented keyless authentication and platform-agnostic internet protocols designed to keep online information secure before and after it been shared.
Offeroo Inc. has been accepted as an SCRA Member Company. The Greenville-based startup provides a service that offers buyers leads on off-market properties. Their solution helps buyers take control and be proactive in their pursuit of their dream home, vacation home, or investment property by making offers on homes they really want instead of only reacting to listed homes.
Rainwalk Technology Inc. has been accepted as an SCRA Member Company. The Columbia-based startup provides pet health insurance. Their online platform offers easy and quick claims processing, covers up to 90% of the veterinary bills, and provides end-to-end pet insurance support online.
Ruffian Software LLC has been accepted as an SCRA Member Company. The Mauldin-based startup provides cybersecurity services to companies. Their development enables companies to manage the identities of technicians who manage their client bases to better secure patient data and limit IT or MSP (managed service provider) exposure to lost data, and to fines from an audit.
Xpress Group Inc. has been accepted as an SCRA Member Company. The Columbia-based startup developed the first quantum proof, multiform data protection encryption service to help companies protect their data.
SCRA welcomes new Member Companies and congratulates Member Companies that received funding.
Grant funding is made possible, in part, by the Industry Partnership Fund (IPF) contributions that fuel the state’s innovation economy. Contributors to the IPF receive a dollar-for-dollar state tax credit, making it an easy and effective way to help one of the fastest growing segments of the South Carolina economy. Grant funding for Member Companies creates a direct, positive economic effect and job creation.
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SC Launch, Inc. Announces Third Investment in Zylö Therapeutics |
SCRA’s investment affiliate, SC Launch, Inc. has made its third investment into Zylö Therapeutics Inc. This $300,000 investment will help the company continue providing therapeutic topical solutions.
Zylö Therapeutics became an SCRA Member Company in 2018 and received a $21,500 Project Development Fund Grant. They also received a $41,000 SBIR/STTR Matching Grant in 2020. Zylö also became an SC Launch, Inc. Portfolio Company in 2019 when they received their first investment of $200,000. They also received a $182,500 investment as part of SC Launch, Inc.’s pandemic funding round to startups providing COVID-19 solutions. Read more.
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SC Launch, Inc. Announces Second Investment in Hank AI |
SCRA investment affiliate, SC Launch, Inc. has made its second investment into Hank AI. This $200,000 investment will help the artificial intelligence company continue its strong growth track of helping health care providers streamline their medical billing processes.
Hank AI became an SCRA Member Company in 2019 and received a $50,000 Acceleration Grant from SCRA in 2020. Later that year, they became an SC Launch, Inc. Portfolio Company by receiving their first $200,000 investment. They celebrated the second round of funding during a ribbon-cutting ceremony at their new Lexington location. Read more.
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United Community Bank Contributes $160,000 to SCRA Industry Partnership Fund |
United Community Bank announced it is making a gift of $160,000 to the South Carolina Research Authority Industry Partnership Fund (IPF). This is the largest contribution SCRA has received from a bank in the IPF’s 15-year history. SCRA fuels South Carolina’s innovation economy through the impact of four unique programs and provides grants and investments to companies and projects funded, in large part, through contributions to the Industry Partnership Fund. Read more.
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South Carolina Research Authority |
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