CHARLESTON, S.C.--(BUSINESS WIRE)--SCRA presented a Knowledge Economist Award last evening to Detyens Shipyards, Inc. owner and Chairman Loy Stewart during a joint DIG NATION and SCRA Technology Ventures networking event.
The SCRA Knowledge Economist Award is presented to leaders whose efforts have advanced and strengthened the technology-based economy of South Carolina. It recognizes individuals who have devoted a large part of their lives to building the SC technology community for the public good.
In his role at Detyens Shipyards, Stewart has led the company to continued growth and actively engaged in the local community through support of emerging businesses and individuals. A native South Carolinian, Stewart has demonstrated leadership and commitment that shapes an environment for innovation and opportunity.
"Mr. Stewart has been a tremendous leader and supporter of the Knowledge Economy in South Carolina and a steady, positive influence to so many individuals in this community," said SCRA Technology Ventures Zone Manager Derek Willis. "We are delighted to recognize Mr. Stewart for his dedication and contributions to South Carolina."
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 nearly $18 million in South Carolina start-ups, attracting over $250 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.