South Carolina Research Authority, a public, nonprofit corporation that works to fuel the state’s innovation economy, announced Sept. 6 it awarded $50,000 grants to Aravis BioTech LLC and Sagacity Solutions Inc. of Greenville.
Aravis BioTech is developing a medical device implant that will monitor the healing of hip surgery patients. The device informs the patient and medical provider about when and how to begin weight-bearing activities.
Sagacity Solutions developed a platform that helps venture capital firms request, collect and analyze portfolio company performance data.
SCRA also awarded $75,000 in grants to two other South Carolina companies:
- CloseWise LLC of Lexington – $50,000
- Ortho-Dx Inc. of Hilton Head – $25,000
In addition to awarding $175,000 in grants, SCRA welcomed BagValet LLC and FRD Accel LLC of Charleston, and Health Evolve Technologies LLC of Columbia as member companies.
As SCRA member companies, BagValet, FRD Accel and Health Evolve Technologies will receive:
- Coaching.
- Access to experts in SCRA’s Resource Partner Network.
- Eligibility to apply for grant funding.
- Consideration for an investment from SCRA’s investment affiliate, SC Launch.
For more information, visit scra.org.
