SCRA Announces new Industry Partnership Fund Position

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Summerville, S.C. – The South Carolina Research Authority (SCRA) has announced that Andy Olsen was named Business Development Manager on June 1st.

The Business Development Manager role is a new one solely focused on increasing contributions to the Industry Partnership Fund (IPF). Since its inception in 2006, the IPF has provided dollar-for-dollar state tax credits to contributors. Contributors can be individuals or companies, and their contributions fund research, projects, and technology-based startups in information technology, advanced manufacturing/materials, and life sciences. The mission of the SCRA is to fuel South Carolina’s innovation economy, and the IPF is critical to carrying this out.

“Contributing to the IPF represents a very effective and simple way to help the innovation economy to flourish in our state. A dollar-for-dollar state tax credit allows contributors to direct their tax dollars while providing other benefits. Andy has the experience and skills we need to help us get the word out about the IPF, its positive impact on the South Carolina economy, and the benefits available to contributors,” said John Sircy, SCRA Director of Finance and Administration.

Olsen is responsible for managing the strategies and tactics for increasing IPF funds. This includes external relationship-building within the business community across the state of South Carolina.

Prior to coming to the SCRA, Andy Olsen was a sales executive at Clipper Magazine, a local, regional, and national direct-mail advertising company with 515 local editions and specialty publications in 24 states. He has over twenty years of sales and marketing experience and long-standing business relationships.

A native of Charleston, Olsen earned a Bachelor of Arts degree from the College of Charleston and is based in SCRA’s Columbia office.

SCRA is a state-chartered organization that fuels job creation and grows South Carolina’s innovation economy. Through SCRA’s SC Academic Innovations, SC Launch, and SC Industry Solutions programs, multi-institutional, market-driven research projects are funded, and early-stage companies are provided mentoring and grants and may be eligible for investments from SCRA’s investment affiliate, SC Launch, Inc.

About SCRA
Chartered in 1983 by the State of South Carolina as a public, nonprofit corporation, SCRA fuels South Carolina’s Innovation Economy by accelerating technology-enabled growth in research, academia, entrepreneurship and industry.