Industry: Advanced Manufacturing and Materials
Funding Received: SC Launch, Inc. Investment
“If it weren’t for SCRA’s SC Launch program we wouldn’t be where we are today. The funding and support really helped and gave us a lot of credibility for future rounds of financing.”
Heatworks is reinventing the way the world heats and uses water. Using their patented Ohmic Array Technology, Heatwork’s products do not use traditional heating elements. Instead, through graphite electrodes and advanced electronic controls, the naturally occurring minerals in water are excited, directly and efficiently heating the water. Nothing gets hotter than the water itself, resulting in zero scaling and corrosion. The company’s focus is on the three P’s: purity, precision and performance.
The Heatworks MODEL 3 tankless water heater has won numerous awards, most recently it was named the 2018 Red Dot Product Design Winner. The company launched Tetra an internet-connected compact countertop dishwasher at CES, the Consumer Electronic Show.
Heatworks is located in Mt. Pleasant, SC and was accepted as an SC Launch Client Company in 2011. They received a $200,000 investment in 2011 and a second $250,000 investment in 2012.
HOW SC LAUNCH WORKS
The SC Launch Program creates the framework to fuel South Carolina’s innovation economy by providing the resources necessary to successfully launch startups.