Chartered by the state of South Carolina in 1983, South Carolina Research Authority (SCRA) is a public, non-profit corporation that fuels South Carolina’s innovation economy.
SCRA remains self-sustaining through contributions to the Industry Partnership Fund (IPF), income generated from tenants in our facilities and the proceeds from the sale of our government contracting affiliate, ATI.
About SC Launch, Inc.
Established in 2006, SC Launch, Inc. is an independent, non-profit corporation affiliated with SCRA, which provides loans and investments to selected South Carolina-based companies participating in the SC Launch Program.
SECTORS OF FOCUS
SCRA brings together the key players in innovation. By working in close alignment with academic institutions, entrepreneurs and industry, three key areas of focus have been defined: Advanced Manufacturing & Materials; Information Technology; and Life Sciences.
These key sectors align with the strengths of South Carolina’s workforce, institutional research and existing companies, and are the drivers of the innovation economy. The intersection of multiple sectors yields the largest potential for innovation and economic growth.
South Carolina’s history and current successes in the Advanced Manufacturing & Materials industry make this a logical target for innovation. Encouraging collaboration between existing manufacturing powerhouses, academia and emerging companies provides an ecosystem for growth.
Many Information Technology (IT) companies, both large and small, call South Carolina home. For example, there are now more than 300 IT companies in Charleston. SCRA is participating in initiatives to develop and implement statewide strategies for this sector.
The Life Sciences sector is very diverse and ranges from pharmaceuticals and medical devices, to agribusiness. The framework of collaboration among SCRA, trade associations and academic institutions has helped the evolution of innovation in Life Sciences.