SCRA announces new Member Companies and grant funding

November 7, 2023

CADchat and Saluda Manufacturing were accepted as South Carolina Research Authority Member Companies. Borealis Global Advisory, DRAHOLA Technologies, FRD Accel, and Health Evolve Technologies received new grant funding.

All SCRA Member Companies receive coaching, access to experts in SCRA’s Resource Partner Network, eligibility to apply for grant funding, and the potential to be considered for investment from SCRA’s investment affiliate, SC Launch Inc.

Borealis Global Advisory LLC received a $50,000 Acceleration Grant. The Blythewood-based fintech startup is a SaaS platform that saves significant time and money for investment managers. The platform allows managers to invest globally by leveraging advanced algorithms and visualization tools that provide world-leading, real-time, and actionable country-level insights.

CADchat Inc. has been accepted as an SCRA Member Company. The Mount Pleasant-based information technology startup has designed a simple and secure 3D conferencing tool that enables designers, engineers, manufacturers, and non-technical stakeholders to communicate efficiently about 3D files through easy viewing, sharing, and video conferencing.

DRAHOLA Technologies Inc. received a $25,000 Project Development Fund Grant. The Rock Hill-based information technology startup is a full-service spatial software development and consulting company. DRAHOLA is the developer of yey’maps, a geospatial engineering company that uses flexible and intuitive cloud GIS solutions for the optimal implementation of geodata.

FRD Accel LLC received a $50,000 Federal Matching Grant. The Charleston-based life science company was formed by the Medical University of South Carolina’s Zucker Institute for Innovation Commercialization. Their technology, BabyStrong, consisting of an earpiece and controller, uses vagus nerve stimulation to promote feeding in newborns, especially premature babies, who are having feeding difficulties. The BabyStrong system can eliminate the need for a gastric tube, resulting in earlier discharge from the hospital and reduced stress for the baby and family.

Health Evolve Technologies LLC received a $25,000 Project Development Fund Grant. The Columbia-based information technology company builds patient-centered technologies that provide comprehensive and simple tools to position patients as partners and equip providers with clinical insights needed for a personalized care experience.

Saluda Manufacturing LLC has been accepted as an SCRA Member Company. The Columbia-based advanced materials and manufacturing company is changing the way truck owners manage cargo with the Saluda Box. The Saluda Box simplifies cargo management by merging a bed-mounted toolbox with a bed cover that protects bed cargo and is easily stored in the toolbox when not in use.

SCRA welcomes these new Member Companies and congratulates those that received funding.

Grant funding is made possible, in part, by the Industry Partnership Fund (IPF) contributions that fuel the state’s innovation economy. Contributors to the IPF receive a dollar-for-dollar state tax credit, making it an easy and effective way to help one of the fastest-growing segments of the South Carolina economy. Grant funding for Member Companies creates a direct, positive economic effect and job creation.


About SCRA

Chartered in 1983 by the State of South Carolina as a public, nonprofit corporation, South Carolina Research Authority fuels the state’s innovation economy through the impact of its comprehensive services to technology-based startups, academia, and industry. SCRA provides funding and support to accelerate the growth of academic startups; high-quality lab and administrative workspaces; facilitation and funding for partnerships between and among industry, startups, and academic institutions; assistance and funding for the relocation of technology-based companies to South Carolina; and coaching and funding for startups that may also receive investments from its affiliate, SC Launch Inc.