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Fountain Inn

  • sam patrick posted an article
    Provides Kyocera AVX with opportunities to further support flourishing tech industry, life sciences see more

    A manufacturer of advanced electronic components headquartered in Fountain Inn, Kyocera AVX, has invested in an early stage venture capital firm to complement its research and development programs and support innovation in the medical technology industry.

    Good Growth Capital (GGC), a majority women-owned venture capital firm based in Charleston with offices in Boston, Mass., typically invests in complex science and deep-tech startups. The partnership was established in August and announced in a news release on Nov. 29.

    “This investment provides Kyocera AVX with abundant opportunities to further support the flourishing tech industry both here in the Carolinas and nationwide by investing through GGC and exploring co-investments,” company CEO Johnny Sarvis said in the release.

    Kyocera AVX has more than 30 research, design, manufacturing and customer support facilities in 16 countries. It invests in research and development and submits several patent applications annually, according to its website.

    The company manufactures products for the automotive, industrial, medical, military, consumer electronics, communications and transportation markets. For the medical industry, the company creates products for devices such as pacemakers, cochlear implants and diagnostics equipment.