KNOWLEDGE BASE
Q: What is the IPF? How do I contribute?
A: The Industry Partnership Fund (IPF) helps to sustain SCRA and grow the technology-based economy. A contribution to the IPF is a no-cost, easy way to make a big impact on the future of South Carolina. A check to the IPF creates a dollar-for-dollar South Carolina tax credit. It allows the contributor to direct their tax dollars to fuel our innovation economy. Click here for more information on how to contribute to the IPF.
Q: Does SCRA host any webinars or events?
A: Yes, all content, information and resources can be found in the SCRA Member Portal, linked here
Q: Where is SCRA located?
A: SCRA has offices across the state of South Carolina, click here for more information.
Q: Does SCRA supply any templates for pitch decks, executive summaries, etc. for companies to use?
A: Yes, all documents can be found in the Resource Library of the SCRA Member Portal.
Q: How long does it take from grant approval to funding?
A: After being notified of approval, awards are typically funded within 30 calendar days after notification of decision.
Q: Can my company get more than one grant at the same time from SCRA?
A: No, click here for a list of all types of funding opportunities offered by SCRA. Companies are eligible to apply once accepted as a Member Company and coordinate with their
assigned Manager.
Q: How do I become an SCRA Member Company?
A: Companies that meet the following criteria are eligible to become SCRA Member Companies. The application process has several steps: 1.) Online application; 2.) Preliminary review by a Relationship Manager; 3.) Invitation to pitch at SCRA Company
Review. Companies that proceed through the preliminary review are invited to present to SCRA. Your Relationship Manager will be your mentor as you grow through SCRA. Click here for
more information.
Q: What support does SCRA offer to startups?
A: SCRA and its affiliate SC Launch, Inc. offer various funding opportunities from non-dilutive grants for early-stage startups, to investments for companies that have successfully completed SCRA’s due diligence process. SCRA also provides mentoring
to help guide you in the maturation of your company. This includes helping define your value proposition and evaluating your competition. It also includes guidance on paths to market and eventual exit plans, which most early-stage companies don’t
even think about). We point you to experts who can provide needed advice on commercialization milestones and connect you with service providers who can provide input on company valuation, legal matters (incorporation, NDAs, licensing agreements, etc.),
and personnel recruitment. Beyond these formal connections, we also offer networking opportunities and access to resources through other associations in the state like SCBIO and the incubator network.
Q: How do I apply for an SCRA grant?
A: After becoming an SCRA Member Company, your SCRA Relationship Manager will help you determine which grant is most appropriate for your situation. The grant application is available through our SCRA Member Portal. SCRA reviews grant applications
on a rolling basis. After a preliminary evaluation, your Relationship Manger will coach you in finalizing your use of funds, milestones, and deliverables, as well as preparing presentation materials.
