SCRA Technology Ventures, who helps innovative companies grow and develop new technologies, creating jobs and advancing the Knowledge Economy throughout South Carolina, accepted four new companies into its SC Launch Program. Among the selection are two Charleston-area companies—InciComm and InfiniteTakes—and two Upstate-area companies—ThoroughCare and Servocity.
The SCRA business sector provides support and mentoring to early stage, start-up technology companies through its flagship SC Launch program. Client companies are accepted into the SC Launch economic development program and will receive mentoring and support services. Companies may be eligible to receive matching funding or larger investment funds.
InciComm, a member of the Charleston Digital Corridor, engineers groundbreaking cloud-based incident management technology for the public safety industry. Their solutions allow live, mobile collaboration between multiple users who operate in rugged and chaotic environments. They look forward to growing their Charleston-based business.
InfiniteTakes is a forward-thinking, mobile video technology company. Their product, Stre.am, is a social and broadcast network usable by anyone with a mobile device. Stre.am was created to share moments and tell stories globally via live video. Read more about how InfiniteTakes is tackling live streaming video in our feature on Stre.am.
ThoroughCare, a healthcare software company based in Spartanburg, identifies risky and costly patients. Their patent-pending, guided-interview technology allows for efficient patient assessments while providing powerful analysis of the data captured. ThoroughCare helps hospitals, community health groups and insurance companies to identify risk, reduce readmissions and lower costs.
Servosity, whose operations are located at the NEXT building in Greenville, delivers mission-critical disaster recovery as a service to Managed Service Providers and IT resellers making servers un-crashable, files un-losable and downtime removed. During a disaster recovery situation, the technology allows for streaming of operating systems rather than waiting for information to download.
Since 2006, SCRA has deployed over $83 million in funding for entrepreneurs and infrastructure to support over 300 high-tech, early-stage enterprises. SCRA has directly invested over $19 million into the program’s top 71 South Carolina start-ups, attracting over $301 million in add-on private investment. The sector also supports commercialization and growth by facilitating the transfer of intellectual property and accelerating the transition of inventions to the marketplace. Additionally, SCRA Technology Ventures invests in more established technology companies through its Stage 2 affiliate.
Multiple economic impact studies show SCRA’s cumulative output on South Carolina’s economy to be over $16.6 billion, and that the company has helped create approximately 15,000 technology-related jobs in the state, with annual wages averaging between $55,000 and $77,000.