SCRA Technology Ventures Announces Investments

Greenville-Area Companies ByTech Technologies and Sabai Technology Honored

GREENVILLE, SC – SCRA Technology Ventures’ SC Launch program honored Greenville-area companies ByTech Technologies and Sabai Technology at a networking reception last week. The event, held in conjunction with NEXT and the Clemson University Spiro Institute for Entrepreneurship at the ONE building in Greenville, S.C., formally recognized SC Launch investments.

ByTech Technologies is an agribusiness solutions provider dedicated to improving farmers’ productivity by increasing access to markets, providing systems to improve efficiency and creating a network of information and resources.

Sabai Technology develops and distributes wireless network equipment for consumer VPN and other specialized network setups. Sabai has developed a custom operating system focused on extreme ease of use. The company’s goal is to make advanced network technology accessible and usable for the average home or small business.

“We are delighted to announce these recent investments,” said SCRA CEO Bill Mahoney. “It is an honor to acknowledge these promising Upstate companies and the many important ways that they contribute to our state’s Knowledge Economy.”

SC Launch Executive Director Greg Hillman looks on as ByTech Technologies CEO Jack Stone accepts the ByTech Technologies investment.

Anja Smith and William Haynes of Sabai Technology are congratulated by SC Launch Executive Director Greg Hillman while accepting their investment.

About SCRA Technology Ventures
http://www.scra.org/
SCRA Technology Ventures helps innovative companies grow and develop new technologies, creating jobs and advancing the Knowledge Economy throughout South Carolina. This SCRA business sector provides support and mentoring to early stage, start-up technology companies through its flagship SC Launch program. Since 2006, SCRA has deployed over $81 million in funding for entrepreneurs and infrastructure to support over 290 high-tech, early-stage enterprises. SCRA has directly invested over $19 million into the program’s top 71 South Carolina start-ups, attracting over $301 million in add-on private investment. The sector also supports commercialization and growth by facilitating the transfer of intellectual property and accelerating the transition of inventions to the marketplace.

Multiple economic impact studies show SCRA’s cumulative output on South Carolina’s economy to be over $16.6 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.