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Chartered in 1983 by the State of South Carolina as a public, non-profit corporation, SCRA fuels South Carolina's Innovation Economy by supporting entrepreneurs, enabling academic research and its commercialization, and connecting industry to innovators. Established in 2006, SC Launch, Inc. is an independent, non-profit corporation affiliated with SCRA, which provides loans and investments to selected South Carolina-based companies participating in the SC Launch program. SCRA remains self-sustaining through contributions to the Industry Partnership Fund (IPF), income generated from tenants in its facilities and the proceeds from the sale of its government contracting affiliate, ATI. SC Launch Client Companies may be eligible to receive investments from SC Launch, Inc., SCRA's affiliate. Investments are approved by the SC Launch, Inc. Board. SCRA brings together the key players in innovation. By working in close alignment with academic institutions, entrepreneurs and industry, three key areas of focus have been defined: Advanced Manufacturing & Materials; Information Technology; and Life Sciences. SCRA provides Project Development Fund (PDF) grants up to $25,000 to qualified companies in the SC Launch program that are not affiliated with an academic institution.
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