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SCRA Announces New Member Companies and Grant Funding

SCRA

Revaly and Saluda Manufacturing were accepted as South Carolina Research Authority Member Companies, while Borealis Global Advisory, DRAHOLA Technologies, and life science organizations FRD Accel and Health Evolve Technologies 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 investment from SCRA’s investment affiliate, SC Launch Inc.

Borealis Global Advisory LLC received a $50,000 Acceleration Grant. The Blythewood-based fintech startup is a SaaS platform that saves significant time and money for investment managers. The platform allows managers to invest globally by leveraging advanced algorithms and visualization tools that provide world-leading, real-time, and actionable country-level insights.

Revaly Inc DBA CADchat Inc. has been accepted as an SCRA Member Company. The Mount Pleasant-based information technology startup has designed a simple and secure 3D conferencing tool that enables designers, engineers, manufacturers, and non-technical stakeholders to communicate efficiently about 3D files through easy viewing, sharing, and video conferencing.

DRAHOLA Technologies Inc. received a $25,000 Project Development Fund Grant. The Rock Hill-based information technology startup is a full-service spatial software development and consulting company. DRAHOLA is the developer of yey’maps, a geospatial engineering company that uses flexible and intuitive cloud GIS solutions for the optimal implementation of geodata.

FRD Accel LLC received a $50,000 Federal Matching Grant. The Charleston-based life science company was formed by the Medical University of South Carolina’s Zucker Institute for Innovation Commercialization. Their technology, BabyStrong, consisting of an earpiece and controller, uses vagus nerve stimulation to promote feeding in newborns, especially premature babies, who are having feeding difficulties. The BabyStrong system can eliminate the need for a gastric tube, resulting in earlier discharge from the hospital and reduced stress for the baby and family.

Health Evolve Technologies LLC received a $25,000 Project Development Fund Grant. The Columbia-based information technology company builds patient-centered technologies that provide comprehensive and simple tools to position patients as partners and equip providers with clinical insights needed for a personalized care experience.

Saluda Manufacturing LLC has been accepted as an SCRA Member Company. The Columbia-based advanced materials and manufacturing company is changing the way truck owners manage cargo with the Saluda Box. The Saluda Box simplifies cargo management by merging a bed-mounted toolbox with a bed cover that protects bed cargo and is easily stored in the toolbox when not in use.

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.

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Tamia Sumpter

Tamia is a driven senior undergraduate Bioengineering student currently enrolled at Clemson University. With a strong foundation in her field, she has honed her skills through hands-on experience in research and development at Eli Lilly & Company. During her time in the ADME department, Tamia contributed significantly by working on siRNAs and their applications in finding In Vitro-In Vivo Correlation (IVIVC). Looking ahead, Tamia has set her sights on a promising career in law. She aspires to specialize in Intellectual Property Law, with a particular focus on serving as in-house counsel for leading medical device or pharmaceutical companies. Her enthusiasm for this role is palpable as she prepares to embark on her legal journey! She is also a proud member of the Omicron Phi chapter of Delta Sigma Theta Sorority, Inc., PEER Mentor for Clemson PEER/WiSE, and currently serves as the President of Clemson Bioengineering Organization (CBO). With her unique blend of scientific knowledge and legal interests, Tamia is poised to make a meaningful impact in the healthcare and life sciences industries.