Upstate Business Journal

Greenville startups get seed funding

SC Launch, a program of the South Carolina Research Authority that supports startup companies, recognized three Upstate ventures during a ceremony in downtown Greenville on Aug. 29.

September 1, 2017

by Rudolph Bell

SC Launch, a program of the South Carolina Research Authority that supports startup companies, recognized three Upstate ventures during a ceremony in downtown Greenville on Aug. 29.

SC Launch officials presented each startup with a “big check” for $200,000.

Recipient companies were ActivEd of Greenville, which is developing an educational technology platform to facilitate movement-based learning; Patrona Medical of Greenville, which has developed technology to reduce urinary tract infections related to catheters; and VRM Labs, a Clemson University spinout that produces a natural substitute for synthetic preservatives in pet food.

The oversized checks were just props in a ceremony, stand-ins for real $200,000 loans convertible to equity.

The real checks were deposited into the bank accounts of the startup companies months earlier, confirmed Mark Housley, Upstate regional manager for SC Launch.

VIPs on hand for the ceremony, in addition to Housley, were Bob Quinn, SCRA executive director; Greg Hillman, SC Launch executive director; and state Rep. Dwight Loftis, Republican from Greenville.

The ceremony took place at Next on Main, one of three locations of the Greenville Chamber’s Next program for technology entrepreneurs.

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