Opportunities for Funding 2019-10-02T16:50:03+00:00

OPPORTUNITIES FOR FUNDING

Funding is used to advance research capabilities, commercialize technology, expand product offerings, help with relocation costs and more. Companies may also be eligible for an SC Launch, Inc. investment approved by the SC Launch Board.

FUNDING TYPES

Through Academic, Entrepreneurial and Industry Programs, SCRA provides several types of funding opportunities to qualified companies in the following sectors: Advanced Materials & Manufacturing; Information Technology; and Life Sciences.

Companies may be eligible for grant funding or SC Launch, Inc. investments. The table below outlines the funding opportunities available. Dependent on the grant type, companies may need to be accepted as a Client Company before being eligible for the grant. Once a company receives an SC Launch, Inc. investment, they are no longer eligible for grants.

Academia
SBIR/STTR Matching Grant

Up to
$50,000

Who: Federal Phase 1 Recipients
When: On a rolling basis
Why: To address critical gaps to obtaining Federal Phase II funding

ASAP Grant

Up to
$25,000

Who: Academic Startups
When: On a rolling basis
Why: To develop technology and further research efforts

Maturation Grants

Up to $15,000

Who: SC Higher Education Institutions
When: RFA Released Yearly
Why: To expand the impact of institutional funds directly invested in the maturation of a technology or the development of prototypes based on intellectual property owned by the institution

More Info

SACT Grants

Up to
$100,000

Who: SC Higher Education Institutions
When:  Varies
Why: To fund research alliances and pilot projects in established fields of research

More Info

Entrepreneurship
PDF Grant

Up to
$25,000

Who: Early-stage companies
When: On a rolling basis
Why: To assist a startup in achieving critical milestones to commercialization

More Info

Acceleration Grant

Up to
$50,000

Who: Established, early-stage companies
When: On a rolling basis
Why: To progress a company towards commercialization and better position the company for an SC Launch, Inc. investment

More Info

Industry
Demonstration Grant

Up to
$50,000

Who: Early-stage Companies and/or Academic Institutions in South Carolina
When: On a rolling basis
Why: To provide a valuable solution to a corporate partner and a significant growth opportunity for a small business and/or academic partner

More Info

Relocation Grant

Who: Companies relocating to South Carolina
When: On a rolling basis
Why: To offset costs associated with moving a company to South Carolina

More Info

Download a PDF of grant opportunities

INVESTMENTS

SC Launch Client Companies may be eligible to receive investments from SC Launch, Inc., SCRA’s affiliate. Investments are approved by the SC Launch, Inc. Board. Companies must go through a rigorous due-diligence process and, if selected, will present to the SC Launch Board. Investment terms are dependent on each company, and matching raises or other conditions may exist in order to receive investment funding.

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APPLICATIONS FOR FUNDING OPPORTUNITIES

SBIR/STTR Grant Matching

Matching Grant funds are available to companies that have been granted Federal Small Business Innovation Research (SBIR) or Small Business Tech Transfer (STTR) Phase I Awards. These grants are highly competitive.

Who: Federal Phase 1 Recipients
When: On a rolling basis
Amount: Up to $50,000
Why: To address critical gaps to obtaining Federal Phase II funding.

This funding enables startups to complete projects crucial to positioning the company to obtain Federal Phase II SBIR/STTR funding or to fund certain costs not covered or allowed under the Phase I Federal award.

View the Current Solicitation
Download the Application
Download Final Report Template

ASAP Grant

The Academic Startup Assistance Program (ASAP) is available to for-profit companies sponsored by an academic institution.

Who: Academic Startups
When: On a rolling basis
Amount: Up to $25,000
Why:  To develop technology and further research efforts

This grant is early-stage funding to assist a company in achieving one or more critical milestones toward commercialization that will serve as the foundation for pursuing follow-on funding*.

The company must be an SC Launch Client Company to be eligible. The company’s final application must be submitted by the Technology Transfer Office or equivalent organization at an academic institution.

*Follow-on Funding: Investment capital that a company has received after financial support from SCRA.

View the Current Solicitation
download the application
Download Final Report Template

Maturation Grants

Maturation and Prototyping Matching Grant
Who:
SC Higher Education Institutions
When: November 1st, 2019 to April 30th, 2020
Amount: Up to $15,000, with a maximum of $30,000 per institution
Why: To expand the impact of institutional funds directly invested in the maturation of a technology or the development of prototypes based on intellectual property owned by the institution.

VIEW THE CURRENT SOLICITATION
DOWNLOAD THE APPLICATION
DOWNLOAD FINAL REPORT TEMPLATE

Acceleration Grant

Who: Established Early-stage Companies
When: On a rolling basis
Amount: Up to $50,000
Why: To progress a company towards commercialization and better position the company for an SC Launch, Inc. investment

These grants are competitively awarded to South Carolina-based, for-profit companies. Companies must be eligible to be an SC Launch Client Company. A company can receive this grant one time. Download the application for more information about the qualifications.

Contact Us To Learn How To Apply

PDF Grant

SCRA provides Project Development Fund (PDF) grants to qualified companies in the SC Launch program that are not affiliated with an academic institution.

Who: Early-stage Companies
When: On a rolling basis
Amount: Up to $25,000
Why: To assist a startup in achieving critical milestones to commercialization that will allow them to pursue investment capital (follow-on funding*).

The company must be eligible to become an SC Launch Client Company. The limit is $25,000 per company during its lifetime.

*Follow-on Funding: Investment capital that a company has received after financial support from SCRA.

Contact Us To Learn How To Apply

Demonstration Grant

A successful demonstration project will provide a valuable solution to the corporate partner and a significant growth opportunity for a small business and/or academic partner by developing a new product, distribution channel, customer or research.

Who: Early-stage Companies or Academic Institutions in South Carolina
When: On a rolling basis
Amount: Up to $50,000
Why: A demonstration grant supports a matching monetary or in-kind investment by a corporate entity into a project at a small business or academic institution. The grants are designed to lower technical or business risk by accomplishing a technology/testing milestone or opening a new distribution channel, sales pipeline, market, etc.

download the application

Relocation Assistance Grant

Who: Established, for-profit technology companies relocating to South Carolina
When: Rolling a rolling basis
Amount: To be determined and may be milestone-based.
Why: To offset costs associated with moving a company to South Carolina

download the application

Do you have a high-tech startup? Learn more about the SC Launch Program and how to apply.

Learn More

FORGING PARTNERSHIPS

South Carolina Research Authority has four key programs to fuel the research capacity of the state and promote the development of Advanced Manufacturing and Materials, Information Technology and Life Sciences.