The Economic Impact of SOUTH CAROLINA’S LIFE SCIENCE INDUSTRY A Statewide and Regional Analysis Prepared by: Joseph C. Von Nessen, Ph.D. Research Economist Commissioned by: The South Carolina Biotechnology Industry Organization (SCBIO) South Carolina Research Authority (SCRA) About SCRA Chartered in 1983 by the State of South Carolina as a public, non-profit corporation, SCRA fosters South […]
This phase may be the riskiest stage of the startup life-cycle because its time to launch! Your idea has been canvassed, tested and protected – its now time to launch your startup. Continue to iterate and validate the product based on the product-market fit and initial customer feedback. Implement analytics and metrics to measure product […]
After canvassing and testing the business idea during the Exploration and Ideation phase it is time to develop a minimally viable product (MVP) and the core founding team. Consider what the product is, to whom you will sell to and the customer acquisition strategy. Develop an early prototype to test organic users. Begin to establish […]
During this very beginning phase of the startup life-cycle assess the viability of your business idea. Seek out advice and opinions from as many friends, family members, colleagues, business associates and industry experts as possible. Create a chart with pain points to help explore these new ideas. Consider your entrepreneurial ambition, product knowledge and if […]
At this phase your company should now be generating income with cash flow improving as revenue begins to cover expenses. Customer retention and growth should be one of the main focuses (of many!). However, during this phase finding time to divide between all of the demands – listening to customers, determine new developments needed, measuring […]
Summerville, S.C. – SCRA, a state-chartered organization that fosters job creation and the growth of South Carolina’s Innovation Economy, today announces two SC Launch investments in upstate companies, ActivEd and Pursuit Alert. SC Launch is SCRA’s entrepreneurial program that provides mentoring, grants and investments to qualified, South Carolina companies in the Advanced Materials/Manufacturing, Information Technology and […]
Summerville, S.C. – SCRA, a state-chartered organization that fosters job creation and the growth of South Carolina’s Innovation Economy, today announces two SC Launch investments in upstate companies, ActivEd and Pursuit Alert. SC Launch is SCRA’s entrepreneurial program that provides mentoring, grants and investments to qualified, South Carolina companies in the Advanced Materials/Manufacturing, Information Technology and […]
Summerville, S.C. – SCRA is proud to announce the appointment of Christine Dixon Thiesing as the Director of Academic Programs. Ms. Dixon Thiesing joined SCRA in February as the Life Sciences Industry Manager where she worked to address the needs of the life science industry by identifying and advancing technology-based solutions. Prior to SCRA, she was […]
Summerville, S.C. – SCRA announced the recent acceptance of six Client Companies into its entrepreneurial program, SC Launch. Client Companies receive mentoring and support services and may also be eligible for grants, matching funds and investments. Midlands Companies ERG Payroll & HR is a comprehensive HR solution helping small to mid-sized businesses maintain compliance, remove the administrative […]
Summerville, S.C. – SCRA announced the recent acceptance of five Client Companies into its entrepreneurial program, SC Launch. Client Companies receive mentoring and support services and may also be eligible for grants, matching funds and investments. Coastal Companies ArchCath is developing a medical device for use in heart valve replacement, bypass and stenting procedures. The device will […]