South Carolina Research Authority (SCRA) and its investment affiliate, SC Launch, Inc. announce its April and May investments in two South Carolina companies — a $200,000 investment in Land Intelligence, Inc. and a $200,000 investment to VIATEC, Inc. Land Intelligence, based in Columbia, SC, became an SC Launch Client Company in January of this year. Based in Greenville, SC, VIATEC became an SC Launch Client Company in January 2018.
Land Intelligence, Inc. aspires to be the best rating agency for land acquisitions, purchases and development. They use fully patented technology to help real estate investors, banks, and developers make profitable and prudent investment decisions about all types of land. “We truly appreciate the support of SCRA and the backing of SC Launch, Inc. in our journey to grow a tech company in South Carolina. The entrepreneurial journey requires community commitment, access to capital, and access to talent in a viable market. We have found all of the above, and are excited to grow our business, together,” said R. Gore Bolton, Land Intelligence CEO. Land Intelligence thought of a creative way to thank SCRA for the investment in their company. Watch video.
VIATEC, Inc. has developed an affordable, green solution for commercial vehicles in the utility, telephone, construction, and delivery industries. Their fully electric product, SmartPTO, is equipped to save fuel, reduce maintenance costs and lower noise while commercial vehicles are idling. Through national partnerships, Viatec delivers these products in a modular, flexible, scalable manner to meet customer needs. “The newest round of funding will enable us to fill our departments with new hires and conduct much needed environmental tests. These tests will allow us to improve our electrical power units to optimize our for extreme conditions,” said, Mark Ferri, VIATEC President and CEO.
“Both Land Intelligence and VIATEC are companies that are driving innovation in our state. They are using technological advancements to provide solutions and services to their customers. This clearly aligns with our mission,” said Bob Quinn, SCRA Executive Director
About SC Launch Inc.
Established in 2006, SC Launch, Inc., is an independent, nonprofit corporation affiliated with SCRA, which provides loans and investments to selected South Carolina-based companies participating in the SC Launch program.
Chartered in 1983 by the State of South Carolina as a public, nonprofit corporation SCRA is a state-chartered organization that fuels job creation and grows South Carolina’s innovation economy. Through SCRA’s programs, SC Academic Innovations, SC Facilities, SC Launch and SC Ventures, researchers, developers and early-stage companies are receiving mentoring and funding, and may be eligible for an investment from SCRA’s investment affiliate, SC Launch, Inc.