The South Carolina Research Authority (SCRA) has accepted four new client companies into its SC Launch program.
The economic development program, which was founded by the SCRA in 2006, provides grants, loans, and equity investments to startups, seed, and early-stage advanced technology companies, according to a news release.
Participating companies receive mentoring and other support services and may also be eligible to receive grant funds or investments. They may also be eligible to receive matching funds or larger investments, according to the release.
The four companies selected to participate in the program include the following:
•tForm Inc., an advanced manufacturing company headquartered in Williamston, has created a software solution to address the need for custom packaging solutions for consumer, medical, and industrial goods. The company’s patent-pending technology employs revolutionary software, advanced CAD and 3-D modeling capability, proprietary mold designs, and lean manufacturing techniques to deliver optimized packaging solutions while significantly reducing lead times, the release said.
•Microhortone, in Central, is developing microwave techniques that can be used by brewers, distillers, biopharmaceuticals companies, and biofuel producers. The online cell monitoring technology improves product quality and yield, according to the release. The company is commercializing the results of research conducted at Clemson University.
•Elongator Tailgates, in Bluffton, has developed a tailgate system with an integrated, folding extension that replaces factory tailgates, according to the release. The patented product locks in two positions to either extend the standard cargo bed or to provide adjustable loading ramps that can accommodate anything from motorcycles to all-terrain vehicles and lawn equipment.
•Med-Ally, which is located in the Charleston International Manufacturing Center in Goose Creek, manufactures solutions for the medical device market. Its platform technology, VersaStim, is an implantable pulse generator system that provides an alternative to drug therapy for chronic pain.
SCRA is a public, nonprofit corporation that fosters South Carolina’s innovation economy. For more information, visit scra.org.