SCRA Technology Ventures Announces Funding
February 22, 2015
Aptus Receives University Start-up Assistance Program Award
SUMMERVILLE, SC – SCRA Technology Ventures’ SC Launch program today announced that client company Aptus, LLC has received a University Start-up Assistance Program (USAP) award. The Upstate-based cardiovascular bioreactor company accelerates tissue-engineering and regenerative-medicine efforts. USAP awards are intended to support university-based, early-stage company and prototype development preliminary to consideration as an SC Launch investment.
Based on research from Clemson University, the company’s cardiovascular bioreactors and custom-designed solutions provide mechanical conditioning of printed organs, development of recellularized scaffolds and physiological testing of devices. These bioreactor systems will enable Aptus and their collaborators to continue developing the next generation of tissue-engineered heart valve replacements.
“We are delighted to offer resources that expand the opportunities for this Clemson University-based emerging company,” said SCRA CEO Bill Mahoney. “Outstanding companies like Aptus are bringing innovations and technology-based jobs to South Carolina’s economy, and we look forward to supporting their continued progress.”
About SCRA and SCRA Technology Ventures
Multiple economic impact studies show SCRA’s cumulative output on South Carolina’s economy to be over $18.1 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.
