The South Carolina Research Authority (SCRA) is a public, non-profit corporation that has been making a significant impact on the state's economy. With a recently published annual report, it is evident that SCRA has contributed over $1.19 billion to South Carolina's economy in 2023. They provide funding, support, and facilities to advance translational research, accelerate the growth of academic startups, and facilitate technology advancements and partnerships with industry, startups, and academic institutions.
SCRA also coaches and funds technology-based startups, offering them access to SCRA's Startup Resources and the potential for investments from SCRA's investment affiliate, SC Launch Inc. Additionally, they have established the Industry Partnership Fund, which provides coaching, grants, investments, and other types of support for technology startups and academic research and development. Contributions made to the fund provide a dollar-for-dollar tax credit. Overall, SCRA plays a vital role in fostering innovation, collaboration, and economic growth in South Carolina.
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