Business report

SCRA Accepts 2 Midlands Companies and Finances 2 More > Columbia Business Report

Columbia-based software vendor and Chapin-based medical equipment management system accepted as new South Carolina Research Authority member companies.

Avolanta Inc.. helps insurance companies increase revenue by connecting agents, brokers and customers, while VirtueRN LLC helps hospices and other healthcare facilities better manage their daily needs for durable medical equipment.

SCRA member companies receive mentoring, access to experts in SCRA’s Resource Partner Network, and the opportunity to be considered for investment by SCRA’s investment affiliate, SC Launch Inc.

Additionally, member companies in the Lowcountry and upstate have received academic start-up grants.

Heartbeat Technologies LLCdeveloper of a device called The SAVER to improve cardiac arrest outcomes, received a $25,000 grant. Victory ExoFibres LLCwhich produces effective virus particle isolation kits that enable more efficient medical diagnostic testing, received a $24,000 grant.

Funding for the grants is made possible, in part, by contributions from the Industry Partnership Fund that support the state’s innovation economy. Contributors to the fund receive a dollar-for-dollar state tax credit.

Contact Melinda Waldrop at 803-726-7542.