Looking for a last-minute way to save on your business’s federal taxes?
Redirect your state taxes to the South Carolina Research Authority’s tax credit program instead of paying them to the state Department of Revenue. Doing so also helps bring innovation, sometimes lifesaving, to the market. That’s right; your state tax dollars can fuel South Carolina’s innovation economy and potentially decrease your business’s federal tax liability. This is a limited opportunity—you must act before December 15th!
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Our Impact
$1.19 B
Economic Impact on South Carolina
5.8 K
Jobs Supported in South Carolina
$4.8 M
Total amount of funds to Member Companies, Portfolio Companies, and academic institutions in FY23
$91,209
Average company employee salary, which is 70% higher than the state average
1.38 M
Square feet of research, lab, collaboration and office space
$2.66 B
Follow-On Funding received by Member and Portfolio Companies
Benefits of the IPF
Benefits Beyond the SC Tax Credit
- Recognition on the SCRA website, annual report and other venues as an innovation economy leader
- Invitations to SCRA-hosted events throughout the year
- Advisory board membership
- Cash-flow savings
- Numerous other benefits
We look forward to partnering with you to benefit the innovation economy in South Carolina.
Contact Us to Learn More about ContributingSuccess Stories
Bubble Paper
Bubble Paper, an SC Launch Inc Portfolio Company, was developed to push the limits of paper and deliver an eco-friendly cushioning wrap that’s both versatile and super effective. From cushioning to thermal protection, this is a novel solution.
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Heartbeat Technologies
Heartbeat Technologies, an SCRA Member Company, has invented The SAVER, a device aimed at improving cardiac arrest outcomes. The SAVER improves CPR performance and confidence by increasing blood pressure providing real-time feedback on CPR effectiveness.
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Humimic Medical
Humimic Medical, an SCRA Member Company, is an industry leader in high-grade medical products. Their first invention, the ballistic gel, is best known for setting the standard for durability, quality, and reusability in synthetic medical gelatins.
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PulManage
PulManage, an SCRA Member Company, is a remote patient monitoring platform that provides connectivity between patients and providers to help better manage pulmonary health.
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Trane Technologies/IoTCo
IoTco, an SCRA Member Company, collaborated with TRANE Technologies to implement predictive maintenance A.I. technologies in their Columbia, SC plant on critical assets and components including press machines, motors, and fans.
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Victory ExoFibres
Victory ExoFibres, an SCRA Member Company, is a Clemson University-based start-up company, focused on the utilization of patented capillary-channeled polymer (CCP) fibers and films to efficiently isolate exosomes from body fluids.
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