SCRA ANNOUNCES INVESTMENTS - Upstate Companies Receive SC Launch Investments
Summerville, S.C. – SCRA, a state-chartered organization that fosters job creation and the growth of South Carolina's Innovation Economy, today announces two SC Launch investments in upstate companies, ActivEd and Pursuit Alert.
SC Launch is SCRA's entrepreneurial program that provides mentoring, grants and investments to qualified, South Carolina companies in the Advanced Materials/Manufacturing, Information Technology and Life Sciences industries.
ActivEd is a research-based online tool used by educators to create lessons that incorporate physical activity. The platform correlates with state standards throughout the US, and is based on more than 15 years of research linking movement to academic achievement, cognitive ability and health. The company was founded by Furman University professor of health sciences, Julian Reed. This recent $200,000 investment is the second tranche of funding. The company’s first SC Launch investment of $200,000 was received in 2014.
PursuitAlert is a patented mobile warning system that alerts the public of an active police pursuit or emergency response by a participating law enforcement agency. Both the hardware and software are patented and the accompanying smart phone app is free to the public. The company won InnoVision’s Community Service Innovation Award in 2016. The $50,000 SC Launch investment will be used to begin manufacturing and sales.
“ActivEd and PursuitAlert are shaping the Innovation Economy of South Carolina,” said Bob Quinn, SCRA Executive Director. “We are already seeing the impact of both companies on the state and look forward to their continued successes.”
Chartered in 1983 by the State of South Carolina as a public, non-profit corporation, SCRA fosters South Carolina's Innovation Economy by supporting entrepreneurs, enabling academic research and its commercialization, and connecting industry to innovators.