In 2006, SCRA formed SC Launch Inc. pursuant to South Carolina Code §13-17-87 and §13-17-88 to facilitate applied research, product development and commercialization programs and strengthen South Carolina’s knowledge economy to create high paying jobs. The program operates in partnership with SCRA and the research foundations of the University of South Carolina, the Medical University of South Carolina, and Clemson University to support high-potential companies with services and grant funding.
SC Launch Inc. is an independent nonprofit 501(c)(3) corporation affiliated with SCRA and the SC Launch program to make seed investments which anticipate financial returns. These investments are normally in the form of equity, loans, and convertible loans.
The SC Launch Program is staffed by SCRA employees. This team works throughout the year to mentor SC Launch Client and Portfolio Companies, guiding them along the due diligence process and working them towards the goal of presenting to the SC Launch, Inc. Board for investment.
Continued success of the program has led to an increasing number of applicant companies. Many companies have matured in their life cycle and have started to realize a return on the SC Launch investment. Thanks in part to their participation in the program, several have secured large follow-on funding from venture and angel investors. While each company’s progression through the program is different, the criteria for support are strict, documented and consistently applied.
Some SC Launch companies take advantage of SCRA-operated Innovation Centers throughout the state that offer state-of-the-art lab space and areas for collaborative research. Our SC Facilities program manage the Innovation Centers.
Click here to view the SC Launch Inc. Board of Directors.