Opportunities for Funding 2018-11-29T17:18:11+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 Awardees
When: February and August of each year
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 from academic intellectual property

Maturation Fund Grant

Up to
$15,000

Who: SC Higher Education Institutions
When: RFA Released Yearly
Why: To augment an academic institution’s maturation funds and expand the development of technologies based on university intellectual property

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

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.

APPLICATIONS FOR FUNDING OPPORTUNITIES

SBIR/STTR Grant Matching

SCRA awards matching funds to client companies that have been granted Federal Small Business Innovation Research (SBIR) or Small Business Tech Transfer (STTR) Phase I Awards.

Who: Federal Phase 1 awardees
When: February and August of each year
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.

The company must eligible to become an SC Launch Client Company. A company can only receive one matching grant per solicitation year, and each company is limited to two SBIR/STTR Matching Grants in the company’s lifetime.

These matching grants are highly competitive, and only reviewed twice a year.

Important Dates:

FY19 Application Submission Closing Date – February 6, 2019 5:00 pm EST.

Application Review Dates – February 19-20, 2019

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
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.

Maturation Fund Grants

Who: SC Higher Education Institutions
When: RFA Released Yearly
Amount: Up to $15,000
Why: To augment an academic institution’s maturation funds and expand the development of technologies based on university intellectual property. Projects with direct investment dollars from an academic institution are eligible for this award.

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.

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.

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.

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

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

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.