April 30, 2022

SCRA Announces New Member Companies And Funding

Avolanta and VirtueRN have been accepted as South Carolina Research Authority (SCRA) Member Companies, while Heartbeat Technologies and Victory ExoFibres received new grant funding.

All SCRA Member Companies receive coaching, access to experts in SCRA’s Resource Partner Network, eligibility to apply for grant funding, and the potential to be considered for an investment from SCRA’s investment affiliate, SC Launch Inc.

Avolanta Inc. is a Columbia-based startup that provides software to help insurance companies drive revenue by providing a better agent, broker, and customer experience. Chapin’s VirtueRN LLC offers an advanced workflow solution for hospice and other health facilities to help them better manage their day-to-day durable medical equipment needs.

Heartbeat Technologies LLC received a $25,000 Academic Startup Grant. The Charleston-based startup is dedicated to improving cardiac arrest outcomes and developed a device called ‘The SAVER,’ to better perfuse the heart and brain during emergency events.

Victory ExoFibres LLC received at $24,000 grant. The Greenville-based startup company produces super-efficient viral particle isolation kits that enable more efficient medical diagnostic testing.

SCRA welcomes these new Member Companies and congratulates those that received funding.

Grant funding is made possible, in part, by the Industry Partnership Fund (IPF) contributions that fuel the state’s innovation economy. Contributors to the IPF receive a dollar-for-dollar state tax credit, making it an easy and effective way to help one of the fastest growing segments of the South Carolina economy. Grant funding for Member Companies creates a direct, positive economic effect and job creation.

Courtesy SCRA