COLUMBIA, S.C.--(BUSINESS WIRE)--SCRA Technology Ventures’ SC Launch board approved a first round investment in two South Carolina companies at last month’s board meeting in Spartanburg. IMCS, located in Columbia and Recleim, located in Graniteville, each received approvals. These are the first rounds of SC Launch funding for both companies. The SC Launch board also named SCRA Technology Ventures’ Greg Hillman SC Launch Executive Director. Hillman was previously the Interim Executive Director for the program.
Founded in 2012, Recleim brings next-generation appliance and electronic recycling to North America. The flagship facility in Graniteville, features state-of-the-art, completely closed-loop resource recovery technology to cleanly and safely de-manufacture and recycle refrigerators, other household appliances, computers and small electronics, while exceeding all existing Environmental Protection Agency standards.
Integrated Micro-Chromatography Systems, known to most as IMCS, makes micro-filters that cut several time-consuming steps from traditional laboratory testing procedures, allowing customers to rapidly do these separations without major equipment upgrades. IMCS’ filters drastically improve testing times, increasing efficiency and ensuring accurate results.
The SC Launch program also made a recent SBIR Phase I Match to Cirtemo. Cirtemo, headquartered in Columbia, SC, designs and manufactures patented optical filters called Multivariate Optical Elements (MOE), which are encoded to detect and measure very complex chemical signatures or attributes. The company founder and CEO is Jason Williamson who had success with Ometric; a graduate company of the SC Launch program.
“We are delighted to welcome Recleim, IMCS and Cirtemo to the SC Launch program,” said SCRA CEO Bill Mahoney. “These investments show our continued commitment to growing South Carolina’s Knowledge Economy. We look forward to future successes and continued partnerships with these innovative companies.”
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 program to early stage, start-up technology companies through its flagship SC Launch. 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 $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.
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.