Charleston SC, August 13, 2025
News Summary
Four innovative startups in Charleston have been awarded a total of $150,000 in grant funding from the South Carolina Research Authority (SCRA). This initiative aims to support economic development and job creation in the region. The recipients include Qatalyst Health, Realize Ascent Labs, Ripple Two, and Tikvah Health and Wellness, each receiving grants to enhance their operations and foster growth in the state’s innovation economy.
Charleston Startups Benefit from $150,000 in Grant Funding
Charleston, SC – The South Carolina Research Authority (SCRA) has allocated $150,000 in grant funding to four innovative startups in the Lowcountry, marking a significant boost for local economic development. This funding initiative is part of SCRA’s ongoing efforts to stimulate job creation and enhance the state’s innovation economy.
Details of Grant Recipients
- Qatalyst Health: Awarded a $50,000 Acceleration Grant, Qatalyst has developed proprietary software designed to facilitate integration between skilled nursing facilities and electronic medical records systems for Medicare and Medicaid reimbursement.
- Realize Ascent Labs: This company received a $25,000 Academic Startup Grant and specializes in providing analytical solutions to optimize agriculture, food production, and manufacturing supply chains, including the use of 3D scanning technology and customized fixtures.
- Ripple Two: Also the recipient of a $50,000 Acceleration Grant, Ripple Two is focused on creating secure communication solutions that enhance situational awareness for public safety personnel as well as civilian and defense teams.
- Tikvah Health and Wellness: Gaining a $25,000 Academic Startup Grant, Tikvah has launched a community-based platform that effectively integrates both natural and conventional medical practices.
IOVue Joins SCRA Membership
In addition to the grant recipients, IOVue has been accepted as an SCRA Member Company. The company has developed a revolutionary device for real-time monitoring of intraocular pressure, aimed at advancing ocular health.
Member Company Benefits
All companies recognized as SCRA Member Companies are eligible for an array of resources, including professional coaching, startup benefits, grant opportunities, and possible investment from SC Launch Inc. This comprehensive support system aims to foster growth and innovation among South Carolina startups.
Funding Sources and Goals
The funding provided by SCRA is supported through the agency’s tax credit program and the Industry Partnership Fund. By investing in local startups, SCRA aims to boost South Carolina’s innovation economy, fostering job growth and entrepreneurial spirit.
Background on SCRA
The South Carolina Research Authority has a long-standing mission to enhance the state’s economy through technological advancement and support for various industries. By providing grants, resources, and networking opportunities, SCRA plays a crucial role in shaping South Carolina’s future as a hub for innovation and entrepreneurship.
Conclusion
The successful grant allocations to these four Charleston startups demonstrate the effective partnership between public funding and entrepreneurial innovation, pivotal for driving economic progress in South Carolina.
Frequently Asked Questions (FAQ)
What is the South Carolina Research Authority (SCRA)?
The SCRA is an organization focused on boosting South Carolina’s economy through technological advancement and support for startups.
How much grant funding was awarded to Charleston startups?
A total of $150,000 was awarded to four startups in Charleston.
What types of grants did the startups receive?
The startups received Acceleration Grants and Academic Startup Grants, which fund early-stage innovation and development.
What are the benefits of being an SCRA Member Company?
Members gain access to professional coaching, startup resources, grant funding, and potential investments to support their growth.
What is the purpose of the funding?
The funding aims to stimulate economic growth and job creation in South Carolina.
Key Features of the Startup Grant Program
| Startup Name | Grant Type | Amount Awarded | Description |
|---|---|---|---|
| Qatalyst Health | Acceleration Grant | $50,000 | Software for skilled nursing facilities integrating with electronic medical records. |
| Realize Ascent Labs | Academic Startup Grant | $25,000 | Innovative analysis solutions for supply chains in agriculture, food, and manufacturing. |
| Ripple Two | Acceleration Grant | $50,000 | Secure communication solutions with enhanced situational awareness. |
| Tikvah Health and Wellness | Academic Startup Grant | $25,000 | Community-based platform integrating natural and conventional medicine. |
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Additional Resources
- PR Newswire: Sharp Named 2025 Best Place to Work in South Carolina
- The State: South Carolina News
- Greenville Business Magazine: Top Workplaces – 2025 Winners
- Forbes: Best Large Employers
- Newswire: DIN Development Corporation Named to 2025 Best Places to Work
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