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SCRA Reaches Development Milestone

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SCRA Announces Economic Development Milestone

Over $100 Million Deployed Since 2006 to Support S.C.’s Knowledge Economy

SCRA announced that since 2006 the Company has now deployed over $100 million in funding and infrastructure to help develop South Carolina’s Knowledge Economy. Nearly $49 million of the investments are from SCRA Applied R&D and R&D Facilities Sectors, with approximately $51 million from SCRA Technology Ventures’ Emerging Technologies, SC Launch and Stage 2 Programs.

“SCRA offers unique opportunities for innovation in South Carolina through: research commercialization, high-tech start-up support, available lab and office space and direct investments in technology-based companies. We are pleased that these investments are making a substantial impact throughout the state,” says the organization.

“We are delighted to have reached this significant milestone as we continue to be the lead catalyst for developing our state’s technology-based economy,” said SCRA CEO Bill Mahoney. “SCRA offers unique opportunities for innovation in South Carolina through: research commercialization, high-tech start-up support, available lab and office space and direct investments in technology-based companies. We are pleased that these investments are making a substantial impact throughout the state.”

SCRA Applied R&D manages portfolios of R&D projects and develops technology for real-world applications. SCRA R&D Facilities provide state-of-the-art wet labs, offices and advanced manufacturing facilities that are critical for technology-based companies.

SCRA Technology Ventures’ programs sustain technology-based development in South Carolina. The programs support entrepreneurs, assist start-up companies and commercialize research through mentoring, grant matching and investments.

About SCRA

You can learn more about the organization and how South Carolina is one the move by visiting the website: http://www.scra.org/

SCRA is a self-sustaining non-profit Applied R&D company that grows the technology-based economy in South Carolina by commercializing intellectual property and supporting and making investments in early-stage companies. Multiple economic impact studies show our cumulative output into South Carolina’s economy to be over $18.1 billion since 1983, creating approximately 15,000 technology-related jobs with annual wages averaging between $55,000 and $79,000.

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