The South Carolina Research Authority (SCRA) is a public, non-profit corporation established by the State of South Carolina to enhance research capabilities and foster innovation across academia, entrepreneurship, and industry. Here are key aspects of SCRA: ## Mission and Objectives - Mission: SCRA aims to fuel South Carolina's innovation economy by accelerating technology-enabled growth in research, academia, entrepreneurship, and industry[3][4]. - Objectives: The organization seeks to advance the general welfare of the people, increase employment opportunities, develop human and economic resources, and promote research and development with a focus on high technology industries[1]. ## Structure and Divisions - Divisions: SCRA includes divisions such as the South Carolina Research Division (SCRD) and the South Carolina Research Innovation Centers (SCRIC)[1]. - SCRIC: This division establishes innovation centers in Charleston, Columbia, and the Upstate, focusing on life sciences, biotechnology, and other advanced technologies[1]. ## Funding and Support - Industry Partnership Fund (IPF): SCRA offers a tax credit program through IPF, providing grants, investments, and coaching for startups and academic research[4]. - SBIR/STTR Matching Grants: SCRA supports companies with federal Small Business Innovation Research (SBIR) or Small Business Tech Transfer (STTR) Phase I Awards[3]. ## Events and Initiatives - Annual SCRA Summit: A two-day event celebrating innovation in South Carolina, featuring networking opportunities and programming for technology startups[2]. - Backstage Pass: An event offering insights into SCRA's company review meetings and funding processes[2]. ## Impact - Economic Impact: SCRA has contributed significantly to South Carolina's economy, supporting over 5,800 jobs and generating substantial economic activity[4].