SCRA Announces New Member Companies and Grant Funding

| News Releases

Summerville, S.C. – SkilRedi and VBASE Oil Company were accepted as South Carolina Research Authority Member Companies. Advent Innovations Limited Company and FinSiteful received new grant funding.

All SCRA Member Companies receive coaching and access to SCRA’s Startup Resources, can apply for grant funding, and have the potential to be considered for investment from SCRA’s investment affiliate, SC Launch Inc.

Advent Innovations Limited Company received a $50,000 Federal Matching Grant. The Columbia-based advanced manufacturing and materials startup provides services in modeling, analysis, design, and product development using cutting-edge research with novel sensors, big data analytics, and other smart technologies such as robotics. Their customers include private corporations and government entities in aerospace, automotive, civil infrastructure, and energy.

FinSiteful Inc., dba, received a $25,000 Project Development Fund Grant. The Swansea-based information technology startup’s platform unifies disparate workforce data by providing secure, compliant, and accessible insights to foster collaboration across educational institutions, businesses, and government entities.

SkilRedi Corporation has been accepted as an SCRA Member Company. The Clemson University-incubated information technology startup provides comprehensive training programs that enable individuals to acquire the skills and knowledge needed to pursue careers in advanced technologies. SkilRedi’s learning management system utilizes virtual and augmented reality and digital twin interfaces to train technicians and elevate workforce skills.

VBASE Oil Company has been accepted as an SCRA Member Company. The Pendleton-based clean tech, sustainability, and resilience startup manufactures a new class of sustainable, high-performance synthetic ester base oils. Biobased, biodegradable, non-toxic, and non-bioaccumulating, VBASE products meet and exceed the properties of conventional lubricants, exhibiting superior high-temperature and hydrolytic stability with exceptional cold weather performance.

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

Grant funding is made possible, in part, by SCRA’s tax credit program, the Industry Partnership Fund, and its 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 fuels the state’s innovation economy through the impact of its comprehensive services to technology-based startups, academia, and industry. SCRA provides funding and support to accelerate the growth of academic startups; high-quality lab and administrative workspaces; facilitation and funding for partnerships between and among industry, startups, and academic institutions; assistance and funding for the relocation of technology-based companies to South Carolina; and coaching and funding for startups that may also receive investments from its affiliate, SC Launch Inc.

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