SCRA Announces New Member Companies and Funding

April 7, 2021 | PRESS RELEASES

Summerville, S.C. – South Carolina Research Authority (SCRA) announces Hirodika Biosciences, Inc. and GeoMat, LLC, being accepted as new Member Companies, and being approved for grant funding.

Hirodika Biosciences, Inc. has been accepted as an SCRA Member Company and has been awarded a $25,000 Academic Startup Assistance Program Grant. The Medical University of South Carolina-based startup is producing a new bioactive biopolymer for use in cell protection and as a non-steroidal anti-inflammatory for radiation oncology. This development promises to improve dramatically a patient’s quality of life and also generate cost savings.

GeoMat, LLC has been accepted as an SCRA Member Company and has been awarded a $50,000 SBIR (Small Business Innovation Research) Matching Grant. The University of South Carolina-based startup is using nanoparticles to remove oil from contaminated water and soil, an especially challenging issue for remote locations like Alaska, where the team has been conducting field research. The use of GeoMat’s non-toxic materials are aimed at reducing risks to the environment while reducing clean-up costs by 80-90 percent.

SCRA welcomes Hirodika and GeoMatt and looks forward to their continued growth. SCRA fulfills its mission of fueling South Carolina’s innovation economy through its four programs, SC Academic Innovations, SC Facilities, SC Industry Solutions, and SC Launch.

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About SCRA
Chartered in 1983 by the State of South Carolina as a public, nonprofit corporation, South Carolina Research Authority (SCRA) fuels South Carolina’s innovation economy through the impact of its four programs. SC Academic Innovations provides funding and support to advance translational research and accelerate the growth of university-based startups. SC Facilities offers high-quality laboratory and administrative workspaces for technology-based startups and academic institutions. SC Industry Solutions facilitates and funds partnerships between and among startups, industry, and academia. SC Launch mentors and funds technology-based startups that may also receive investments from SCRA’s investment affiliate, SC Launch, Inc.

Media Contact
Adrian Grimes
Director of Marketing and Communications, SCRA
O: (854) 888-2033
C: (843) 277-7295
adrian.grimes@scra.org