SCRA Member Companies may apply for a variety of non-dilutive grants, each with its own eligibility and review criteria. It is important to note that while acceptance as an SCRA Member Company qualifies you for consideration for funding, it does not guarantee approval.

SCRA grant funding is made possible, in part, by Industry Partnership Fund (IPF) contributions. Contributors receive a dollar-for-dollar South Carolina tax credit, making it a no-cost way to create a direct, positive economic effect and job creation.

Startups

Project Development Fund (PDF) Grant

Up to
$25K

Who: Early-stage companies
When: On a rolling basis
Why: To support critical milestones towards commercialization and advance a company’s pursuit of follow-on funding

Grant Eligibility & Review Criteria
Academic Startup Grant (formerly ASAP)

Up to
$25K

Who: Startups advancing intellectual property from a post-secondary academic institution
When: On a rolling basis
Why: To support critical milestones towards commercialization and advance the company’s pursuit of follow-on funding

Grant Eligibility & Review Criteria
Acceleration Grant

Up to
$50K

Who: Established, early-stage companies
When: On a rolling basis
Why: To accelerate a company to the next level of maturity and market readiness and better position the company for an SC Launch, Inc. investment

Grant Eligibility & Review Criteria
Federal Matching Grant (formerly SBIR/STTR Phase I)

Up to
$50K

Who: Recipients of Federal grants seeking follow-on funding
When: On a rolling basis
Why: To support recipients of Federal grants in addressing gaps to obtain follow-on funding, in particular SBIR/STTR Phase II awards

Grant Eligibility & Review Criteria

Industry Solutions

Demonstration Grant

Up to
$50K

Who: Early-stage companies and/or institutions of higher education
When: On a rolling basis
Why: To provide funding to small businesses or academic institutions that are developing a scalable technical solution to meet an industry challenge or providing a significant growth opportunity to an industry partner

Grant Eligibility & Review Criteria
Relocation Grant

Varies

Who: Companies relocating to SC
When: On a rolling basis
Why: To provide funding to companies relocating to South Carolina to reimburse expenses for moving equipment, up-fitting facilities, etc.

Grant Eligibility & Review Criteria

Academic Research

Academic Research Grant (formerly Maturation)

Up to
$15K

Who: Institutions of higher education
When: Next RFA to be released Fall 2021
Why: To support translational research sponsored by SC academic institutions

RFA to be released Fall 2021

SCRA-Academic Collaboration Team (SACT) Grant

Up to
$1.8M

SCRA Awarded $3.3M in Funding to Bring Colleges, Universities, and Industry Together to Advance Innovation

Read More 

RFA to be released 2023

Fillable Grant Final Report

INVESTMENTS

As Member Companies advance in their development, they may be eligible for capital investments in the form of convertible loans or equity from SC Launch, Inc., SCRA’s Investment Affiliate. Companies must go through due diligence and, if selected, will present to the SC Launch, Inc. Board of Directors for approval. Investment terms are dependent on each company and matching raises, or other conditions may exist in order to receive investment funding.

Companies receiving an investment typically exhibit the following characteristics:

  • Strong management team and board of directors/advisors
  • Compelling and defendable value proposition
  • Well-defined target market
  • Scalable go-to-market plan
  • Realistic revenue projections
  • Strong potential for high-wage job creation in South Carolina
Learn More About SC Launch, Inc.