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.
Glycopath Inc. received a $50,000 federal matching grant, the release said. The Charleston-based startup is working to improve biomarker research by streamlining methods with proven clinical impact and simplifying assays to improve patient care and treatment.
In other news, Prewrite Inc., an SCRA member company, received a $50,000 acceleration grant. The Greenville-based startup offers a story development platform for writers, producers and content creators. Their tool is designed to ensure the writer is using good story fundamentals. Originally designed for screenplays, Prewrite is used around the world by professionals and amateurs, according to the news release.
Grant funding is made possible in part by the Industry Partnership Fund contributions. Contributors to the IPF receive a dollar-for-dollar state tax credit.
Chartered in 1983 by the state as a public, nonprofit corporation, S.C. Research Authority is intended to fuel 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.