SCRA Announces New Members And Grant Funding

| News Releases

Summerville, S.C.Heron Farms and FaithStreet were accepted as South Carolina Research Authority Member Companies. Borealis Global Advisory, FaithStreet, and Heron Farms received new grant funding.  

All SCRA Member Companies receive coaching, access to experts in SCRA’s Resource Partner Network, eligibility to apply for grant funding, and the potential to be considered for investment from SCRA’s investment affiliate, SC Launch Inc 

Borealis Global Advisory LLC received a $25,000 Project Development Fund Grant. The Blythewood-based fintech startup is a SaaS platform that saves significant time and money for money managers who want to invest globally by leveraging advanced algorithms and visualization tools to provide world-leading, real-time, and actionable country-level insights. 

FaithStreet Inc. has been accepted as an SCRA Member Company and received a $50,000 Acceleration Grant. The Charleston-based startup is a congregation engagement platform for faith communities and non-profits. FaithStreet’s app offers innovative online and mobile giving solutions and includes a directory of over 300,000 churches of all denominations across the United States. 

Heron Farms Inc. has been accepted as an SCRA Member Company and received a $50,000 Acceleration Grant. The Charleston-based startup operates the world’s first indoor saltwater vertical farm. Heron Farms employs predictive software and cutting-edge data collection and analysis methods to manage and monitor variables including water salinity, carbon dioxide, growth cycles, and yield. 

SCRA welcomes these new Member Companies and congratulates those that received funding.

Grant funding is made possible, in part, by the Industry Partnership Fund contributions that fuel the state’s innovation economy. Contributors to the IPF receive a dollar-for-dollar state tax credit, making it an easy and effective way to help one of the fastest-growing segments of the South Carolina economy. Grant funding for Member Companies creates a direct, positive economic effect and job creation. 




About SCRA
Chartered in 1983 by the State of South Carolina as a public, nonprofit corporation, South Carolina Research Authority (SCRA) fuels South Carolina’s innovation economy through the impact of its four programs. SC Academic Innovations provides funding and support to advance translational research and accelerate the growth of university-based startups. SC Facilities offers high-quality laboratory and administrative workspaces for technology-based startups and academic institutions. SC Industry Solutions facilitates and funds partnerships between and among startups, industry, and academia. SC Launch mentors and funds technology-based startups that may also receive investments from SCRA’s investment affiliate, SC Launch, Inc.

Media Contact
Adrianne Grimes
Director of Marketing and Communications, SCRA
O: (854) 888-2033
C: (843) 277-7295