SCRA Announces New Member Companies and Funding

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Summerville, S.C. –Avolanta and VirtueRN were accepted as South Carolina Research Authority (SCRA) Member Companies. Heartbeat Technologies and Victory ExoFibres 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 an investment from SCRA’s investment affiliate, SC Launch Inc.

Avolanta Inc. has been accepted as an SCRA Member Company. The Columbia-based startup is a software provider that helps insurance companies drive revenue by providing a better agent, broker, and customer experience.

Heartbeat Technologies LLC, an SCRA Member Company, received a $25,000 Academic Startup Grant. The Charleston-based startup is dedicated to improving cardiac arrest outcomes and developed a device called ‘The SAVER,’ to better perfuse the heart and brain during emergency events.

Victory ExoFibres LLC, an SCRA Member Company, received at $24,000 Academic Startup Grant. The Greenville-based startup company produces super-efficient viral particle isolation kits that enable more efficient medical diagnostic testing.

VirtueRN LLC  has been accepted as an SCRA Member Company. The Chapin-based startup our provides an advanced workflow solution for hospice and other health facilities to help them better manage their day-to-day durable medical equipment needs.

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

Grant funding is made possible, in part, by the Industry Partnership Fund (IPF) 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