SUMMERVILLE, S.C.--(BUSINESS WIRE)--SCRA announces an SC Launch, Inc. investment in upstate company, Global Transplant Solutions. The company was accepted into SCRA’s Entrepreneurial Program, SC Launch, as a Client Company in early 2017. The $150,000 investment marks the second tranche for the company.
Global Transplant Solutions is developing products for the human organ procurement and transplant marketplace. They currently supply a complete portfolio of organ preservation solutions to the Canadian transplant market and have received FDA clearance for two products in the United States market. The company is awaiting FDA clearance for four additional solutions. Global Transplant Solutions currently has distribution agreements established with several national and international partners. They have offices in Duncan and Columbia, SC and Toronto, Canada. The investment will be used to finalize global sales, develop proprietary products and further their research efforts.
“Global Transplant Solutions is proud to partner with SCRA and the SC Launch Program as we build our commercial business and further develop our proprietary hypothermia-inducing organ procurement product PerfeXslush™,” said John Bruens, CEO of Global Transplant Solutions. “We look forward to future collaborations and expanding our footprint in South Carolina.”
“Our team worked with Global Transplant Solutions to help identify product materials and a location in South Carolina to complete the filling and shipping,” said Jill Sorensen, SCRA Director of Entrepreneurial Programs and Executive Director of SC Launch, Inc. “We are excited to watch the company flourish in South Carolina.”
SCRA is a state-chartered organization that fuels job creation and grows South Carolina’s innovation economy. Through SCRA’s Entrepreneurial Program, SC Launch, early-stage companies are provided mentoring and grants and may be eligible for an investment from SC Launch, Inc. The SC Launch program is open to qualified South Carolina companies in the Advanced Materials/Manufacturing, Information Technology and Life Sciences sectors.
Chartered in 1983 by the State of South Carolina as a public, non-profit corporation, SCRA fuels South Carolina’s Innovation Economy by supporting entrepreneurs, enabling academic research and its commercialization, and connecting industry to innovators.
About SC Launch, Inc.
Established in 2006, SC Launch, Inc. is an independent, non-profit corporation affiliated with SCRA, which provides loans and investments to selected South Carolina-based companies participating in the SC Launch program.