Companies accepted into SCRA programs are referred to as Member Companies. A Regional Manager contacts each company that applies to review their application. You may be invited to present your company to the team in order to determine your acceptance as a Member Company.
LOCATION AND PAYROLL The company’s principle office is located in South Carolina or at least 51% of payroll to employees within the state
REGISTRATION Business must be registered with the South Carolina Secretary of State
TECHNOLOGY SECTOR Your product offering is in the following target sectors: Advanced Materials and Manufacturing, Information Technology or Life Sciences
Experienced team members on board with at least one member of management working full-time, and Board of Advisors in place is preferred
Company product is not easily replicated, has validation and/or system prototype demonstration in relevant environment, has protected IP (such as patents, trade secret and/or trademarks)
Value proposition validated within target market and has a highimpact business model with the potential to generate significant revenue.
The company has plans to or already has secured initial external funding(such as: grants, banks, friends)