SCRA Brings Colleges, Universities, and Industry Together to Advance Innovation
July 27, 2021 | PRESS RELEASES
Summerville, S.C. – South Carolina Research Authority (SCRA)
announces the funding of over $3.3 million to selected colleges and universities for translational research projects to address key challenges facing the state’s industrial base. SCRA’s funding is being matched by the academic institutions and industry partners, bringing the total amount of the projects to over $6.7 million.
The projects are being funded through the SCRA-Academia Collaboration Team (SACT) program. The goal of the SACT is to connect industry with multi-institutional academic teams and build bridges among the institutions to foster engagement and advance technologies, many of which will enter the marketplace and lead to the creation of South Carolina-based jobs.
“I’m energized by the opportunities and positive outcomes from this intersection of academic research, entrepreneurship, and industry in the state. These collaborations provide the greatest potential for innovation, economic growth, and overall advancement of the region,” said Kella Player, SCRA Program Manager.
“We are fortunate to have high-quality research and development being conducted at our state’s colleges and universities. Many of the technologies on which they are working today will produce the new companies of tomorrow. It’s an honor for SCRA to support these collaborations,” said Bob Quinn, SCRA Executive Director.
SCRA’s program directors and industry advisors will review the progress on these SACT research projects on an ongoing basis. Funds will be provided in stages as milestones are met.
Since 2018, SACT grants have funded 17 collaborations among South Carolina-based academic institutions and 41 industry partners. These projects have produced an 8:1 multiple in additional funding from other sources such as industry and the federal government.
SCRA grants are funded in part by the Industry Partnership Fund (IPF).
IPF contributors are South Carolina businesses and individuals who receive a dollar-for-dollar state tax credit for investing in the state’s innovation economy.
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.
Director of Marketing and Communications, SCRA
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