SCRA accepts 2 Midlands companies, funds 2 more

Listen to this article

A Columbia-based software provider and a Chapin-based medical equipment management system have been accepted as new South Carolina Research Authority member companies.

Avolanta Inc. helps insurance companies increase revenue by connecting agents, brokers and customers, while VirtueRN LLC helps hospice and other health facilities better manage their day-to-day durable medical equipment needs.

SCRA member companies receive coaching, access to experts in SCRA’s Resource Partner Network and the potential to considered for an investment from SCRA’s investment affiliate, SC Launch Inc.

Additionally, member companies in the Lowcountry and the Upstate received academic startup grants.

Heartbeat Technologies LLC, developer a of device called The SAVER to improve cardiac arrest outcomes, received a $25,000 grant. Victory ExoFibres LLC, which produces efficient viral particle isolation kits that enable more efficient medical diagnostic testing, received a $24,000 grant.

Grant funding is made possible, in part, by Industry Partnership Fund contributions that support the state’s innovation economy. Fund contributors receive a dollar-for-dollar state tax credit.