News Column

SCRA Technology Ventures Announces New SC Launch Companies

June 24, 2014

Five Companies Accepted into Program

COLUMBIA, S.C.--(BUSINESS WIRE)-- SCRA Technology Ventures today announced the acceptance of five new companies into its SC Launch Program. Charleston-area company Snapcastr, Greenville-area companies BarberWind and ActivEd and Columbia-area companies TerraStride and Electronic Health Network became client companies in June.

Snapcastr has a business-to-business software platform for event managers that encourages audience engagement and boosts social media participation, maximizing digital presence and interaction. The software is used by the Charleston minor league hockey team, at Charleston Fashion week and at the Dig South conference.

BarberWind Turbines, LLC is a groundbreaking wind technology company that designs, manufactures, constructs and maintains wind energy assets. Their 800 kW wind turbine can fit into five semi-trucks and can be assembled on site. No crane is needed to assemble, which means turbines can be used in very remote locations.

ActivEd is an educational technology company marketing an innovative, movement-based platform that accelerates learning while improving health. Their products are based on fifteen years of research examining the connections between movement and academic achievement, cognitive ability and health. ActivEd recognizes that children have differentiated learning styles and need movement opportunities to learn effectively. The company's innovative technology delivers that through a platform that's easy for teachers to use, simple for them to align with curriculum requirements and ideal for them to address the diverse learning styles of their students.

TerraStride designs and produces map-based software for high-value niche markets. They currently have two distinct product lines: TerraStride Pro, a land brokerage software, and HuntStand, a next generation hunting and land management software package. Upon release, the HuntStand Lite app was the second most downloaded new free sports app on the Google play store and the fourth most downloaded sports app on the Apple app store. It has been downloaded over 55,000 times.

Electronic Health Network (EHN) gives health organizations, payers and public health agencies the ability to securely share patient's protected health regardless of electronic medical record software, location, size or complexity of operations. Their technology and business model increases revenues, improves the quality of care, reduces expenditures and saves lives, all while meeting new federal mandates.

About SCRA and SCRA Technology Ventures

http://www.scra.org/

SCRA Technology Ventures helps innovative companies grow and develop new technologies, creating jobs and advancing the Knowledge Economy throughout South Carolina. This SCRA business sector provides support and mentoring through its flagship SC Launch program to early stage, start-up technology companies. Since 2006, SCRA has deployed over $79 million in funding and infrastructure to support over 280 high-tech, early-stage enterprises and has directly invested over $18 million in South Carolina start-ups, attracting over $260 million in private investment. SCRA Technology Ventures also supports commercialization and growth by facilitating the transfer of intellectual property and accelerating the transition of inventions to the marketplace. Additionally, SCRA Technology Ventures invests in more established technology companies through its Stage 2 affiliate.

Multiple economic impact studies show SCRA's cumulative output on South Carolina's economy to be over $15.3 billion, and that the company has helped create approximately 15,000 technology-related jobs in the state, with annual wages averaging between $55,000 and $77,000.




SCRA

Micki Howard MacNaughton, 843-760-3329

mobile: 843-697-9226

micki.howard@scra.org

Source: SCRA


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Source: Business Wire


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