We are
innovation 2015
We
DEVELOP
South Carolina’s technology-based economy.
SCRA HAS GENERATED
$19,500,000,000 OF ECONOMIC OUTPUT IN SC SINCE 1983
INCLUDING
$1,400,000,000 IN 2015
SCRA’s economic OUTPUT in south carolina SCRA
grows
the
technology-
SCRA provides critical infrastruc-
Our operations and economic de-
based economy in South Carolina.
ture for South Carolina’s technol-
velopment mission are sustained
Through our Technology Ventures
ogy-based economy through our
through the SCRA Applied R&D
sector and its SC Launch program,
SCRA R&D Facilities sector. SCRA
sector, which manages R&D port-
we invest in the formation and
R&D Facilities designs, builds
folios on behalf of federal and in-
growth of early-stage technology
and manages offices, labs and
dustry clients. SCRA Applied R&D
companies across South Carolina
advanced manufacturing spaces
leads $4.9 billion in research con-
and support the relocation of
where new technologies are com-
sortia that develop and apply new
established technology compan-
mercialized.
technologies.
ies to the state.
We continue to deliver on our tech-based economic development mission, increasing our economic impact within South Carolina.
We
SUSTAIN
our economic development mission using income earned through leadership of federally-funded research programs.
$195
$266
$285
$399.6
$194 2011
2012
2013
2014
2015
AUDITED REVENUES ($ millions)
$403 $481
$533
2011
2013
2012
$841
$1,021.8
2014
2015
AUDITED backlog ($ millions)
Fiscal Year 2015 was the fourth
tries. Additional cumulative results
the creation of over 1,000 jobs with
consecutive year that SCRA’s busi-
since that time validate SCRA’s
average annual per capita wages
ness operations’ numbers grew to
fulfillment of its public mission to
of $69,000. A recent University of
record-breaking levels.
South Carolina and include: the
South Carolina Darla Moore School
funding of 313 technology start-
of Business economic impact study
ups, $21.6 million in direct invest-
determined that our economic out-
ments in the top 78 startups, which
put in the state was $1.4 billion in
have captured $362.7 million in
2015.
Since 2006, SCRA has deployed over $100 million in investments and
infrastructure
to
advance
South Carolina’s high-tech indus-
additional private investments and
Our earnings are carefully invested in South Carolina’s growing technology-based economy.
investing in
INNOV
ATION SCRA grows the technology-based economy in South Carolina. We invest in the formation and growth of early-stage technology companies and support the relocation of established technology companies to the state.
We
invest
in the commercialization of new technologies, the growth of new companies and the creation of jobs.
$ $ MENTORING AND SUPPORT
SC Launch Pay to the order
of
Early-Stage
SBIR/STTR MATCHING GRANTS
LANDING PARTY SUPPORT
Company
$200,000
EARLY-STAGE COMPANY INVESTMENTS
a comprehensive suite of entrepreneurial support tools SCRA enables research commer-
a robust network of business ser-
Eligible companies may also
cialization and promotes the de-
vice resources such as legal, mar-
receive matches to federal Phase
velopment of high-tech industries.
keting, banking, prototyping and
I SBIR/STTR grants or University
Our innovative SC Launch pro-
manufacturing.
Start-up Assistance Program
gram makes investments in and offers support services to South
Companies
that
complete
a
grants.
rigorous qualification process and
SC Launch also provides reloca-
are approved by the SC Launch
tion assistance to established
Board receive equity-based or
technology companies from other
SC Launch-supported companies
convertible debt investment from
states and countries moving to
receive mentoring and access to
SC Launch.
South Carolina.
Carolina’s early stage, start-up technology companies.
The average annual wage of technologybased jobs created by SCRA is $69,000.
We
FOSTER SUPPORT and
early stage technology-based companies high-tech enterprises as they grow.
SC LAUNCH HAS DIRECTLY INVESTED
$21,600,000 IN SOUTH CAROLINA START-UPS
LIFE SCIENCES INFORMATION TECHNOLOGY CHEMICAL AND ENGINEERING ADVANCED MATERIALS ENERGY TRANSPORTATION DEFENSE
growing south carolina’s knowledge economy SCRA’s support of early-stage
Inc. was formed to commercialize
In 2014, KIYATEC received a
companies and ability to move
the Clemson-patented technolo-
$1.975 million National Cancer
IP from research universities into
gy. Recognizing the commercial
Institute contract to expand their
the commercial market are em-
potential, SCRA’s SC Launch pro-
3D breast cancer model. In 2015,
bodied in the story of the biosci-
gram made an early investment
the company received a second
ence company KIYATEC.
in the company. As KIYATEC met
$1.725 million contract, also
technology development goals,
from the National Cancer Insti-
the company received additional
tute, to tackle lung cancer using
investments from SC Launch.
cancer stem cells.
that mimic the attributes and
KIYATEC’s move to a lab inside
With multiple investments from
behaviors of human tissue. This
Greenville Health System’s Insti-
SC Launch, KIYATEC has grown its
enables testing that accurately
tute for Translational Oncology
potential to radically change the
predicts responses to drug treat-
Research enabled further testing
future of cancer patient care.
ment without ever exposing ac-
and product development.
Entrepreneurial dents
at
graduate
Clemson
stu-
University
developed a way to grow cells
tual patients to drugs. KIYATEC,
Companies receiving SC Launch investments have received $362.7 million in additional capital from venture and other private sources.
managing
INNOV
ATION SCRA creates and manages portfolios of R&D projects for corporate and federal clients. We organize and lead teams that develop technologies and put those technologies into widespread use.
We
MANAGE
R&D portfolios that develop technology solutions for federal and corporate clients.
ADVANCED MATERIALS
ARMAMENTS
ELECTROMAGNETIC SPECTRUM
SHIPBUILDING AND REPAIR
MEDICAL TECHNOLOGIES
NEW PROGRAMS HAVE BEEN WON. EXISTING PROGRAMS HAVE EXPANDED. SCRA Applied R&D helps fed-
ing among consortium members
magnetic spectrum technologies,
eral agencies accomplish their
while preserving competition at
shipbuilding and medical technol-
missions by creating innovative
any desired stage of project de-
ogies, but our research manage-
models for R&D portfolio man-
velopment. After award, we pro-
ment approach can deliver solu-
agement.
vide ongoing support so members
tions to any industry or any set of
can effectively complete projects
complex challenges.
We build and lead technology development teams, recruiting and organizing collaborations of industry and academic organiza-
and then transition the outcomes widely into military and commercial markets.
SCRA Applied R&D revenues keep SCRA self-sustaining and support our economic development mis-
tions to execute the projects in
Our current focus areas include
sion through Stage 2 affiliate in-
federal agencies’ R&D portfolios.
advanced materials, Department
vestments in established SC tech-
SCRA Applied R&D’s tailorable
of Defense prototypes, electro-
nology companies.
consortia model facilitates team-
Successful delivery of critical new technologies has led to expansion of several of our applied research programs.
We
BUILD lead and
teams from many organizations and industries to develop and deploy new technologies.
TEAMing
tech roadmaps
tech transfer
SCRA Applied R&D creates and
of new technology that lack the
more than 400 initiatives award-
organizes research teams that
contracting experience necessary
ed to NAC members totaling more
develop and apply technological
to perform work for the federal
than $1.4 billion since 2009.
innovations. One example is the
government. The consortium has
National Armaments Consortium
86
(NAC), a team that develops de-
among its membership - 31 per-
fense prototypes. NAC has added
cent of total membership.
more than 100 new member organizations since SCRA Applied R&D assumed the Consortium Management Firm role in 2009. Many are non-traditional small businesses - valuable sources
non-traditional
contractors
Another SCRA Applied R&D core competency is effective technology transition - the transfer of valuable technologies to widespread
Another hallmark of SCRA Ap-
industry use. Our U.S. Navy client
plied R&D programs is rapid ap-
reports that the transition rate of
plication of federal funds to create
our shipbuilding programs is 80
critical technologies. Our efficient
percent, vs the 30 percent typical
solicitation model has resulted in
of similar programs.
We pioneered and perfected the art of consortia management, resulting in widespread application of new technologies.
housing
INNOV
ATION SCRA builds and manages research parks that advance South Carolina’s tech-based economy. Our Innovation Centers are stepping stones where intellectual property from research universities and industry is used to form technology companies.
We
HOUSE
the entrepreneurs that develop innovative technologies.
SCRA HAS INVESTED MORE THAN
$74,000,000 IN RESEARCH PARKS AND INNOVATION CENTERS
THREE AWARD-WINNING INNOVATION CENTERS LABS, OFFICES AND MANUFACTURING FACILITIES TEMPORARY HEADQUARTERS FOR COMPANIES LIKE BOEING AND VOLVO COMING TO SOUTH CAROLINA
WHERE SOUTH CAROLINA’S KNOWLEDGE ECONOMY GROWS A major component of SCRA’s
one in Charleston - are award win-
offices on an SCRA campus while
economic development mission
ning facilities that contain busi-
build-out of their own facilities
in South Carolina is the creation
ness offices for entrepreneurs
was completed. Volvo has begun
and management of research
and laboratory and manufactur-
operations at our Summerville
parks and facilities. Our research
ing spaces for growing technolo-
Applied
parks have been identified by a
gy-based businesses.
while their new SC manufacturing
Darla Moore School of Business study as major contributors to job growth and economic output in the state.
In
addition
to
entrepreneurs
forming businesses and our own consortia leadership operations, SCRA facilities house technology-
Our three Innovation Centers - one
based companies relocating to
in Anderson, one in Columbia and
South Carolina. Boeing maintained
Technologies
Center
site is built. Aeterna Zentaris, a multinational bio-science company recently
established
their
US
headquarters in the SCRA Applied Technologies Center.
Our Technology Parks and Innovation Centers comprise over a million square feet of research facilities and office space.
We
BUILD MANAGE and
facilities where intellectual property from universities and industry is commercialized.
offices, research labs, manufacturing facilities As part of SCRA’s commitment to
Focus areas include steered fiber
other SC research universities
growing South Carolina’s technol-
laminate design, structural com-
and SCRA Innovation Centers.
ogy-based economic landscape,
posite part production and auto-
we invest in facilities designed to
mation.
move university-generated intel-
With support from SCRA, Aeterna Zentaris, a multinational biosci-
SCRA is a Founding Innovation
ence leader, located in SCRA’s
Partner in the 21st Century Inno-
Applied Technologies Center in
SCRA is a founding investor in
vation Center at Clemson. This
Summerville and partnered with
the University of South Carolina’s
state-of-the-art facility will enable
the Medical University of South
McNAIR Center. This aerospace
students and faculty mentors to
Carolina. Through this partnership
research facility, housed within
develop technologies and con-
they gained access to the univer-
SCRA’s Columbia Innovation Cen-
nect to industry partners. SCRA’s
sity’s compound library. There is
ter, advances South Carolina’s
investment will support cross-dis-
a plan to commercialize this uni-
aerospace industry through edu-
cipline operations and equip-
versity intellectual property at the
cation and research leadership.
ment to connect the 21st Century
SCRA MUSC Innovation Center in
Innovation Center at Clemson,
Charleston.
lectual property into the market.
Inventions and ideas become technologies and companies in SCRA Innovation Centers.
We
combine the roles and functions that result in effective economic development.
SCRA HAS GENERATED
$19,500,000,000
INCLUDING
$1,400,000,000 IN 2015
OF ECONOMIC IMPACT IN THE STATE OF SOUTH CAROLINA
1,000,000 SQUARE FEET OF RESEARCH INFRASTRUCTURE IN SC
17
313
COMPANIES FROM OTHER US STATES, CANADA, AUSTRALIA AND ISRAEL WERE SUPPORTED IN THEIR MOVE TO SC
TECH COMPANIES FORMED IN SC WITH SC LAUNCH SUPPORT
LABS OFFICES MANUFACTURING FACILITIES
15,000 JOBS CREATED MOSTLY IN TECH-BASED ENTREPRENEURIAL BUSINESSES
$100,000,000 DIRECTLY INVESTED IN COMPANIES, INFRASTRUCTURE AND SUPPORT SERVICES SINCE 2006
WITH ANNUAL WAGES BETWEEN
$55,000
AND
INVESTED IN OFFICES, LABS AND MANUFACTURING FACILITIES DIRECT INVESTMENTS IN EARLY-STAGE TECHNOLOGY-BASED COMPANIES SBIR/STTR MATCHES LANDING PARTY SUPPORT STAGE 2 INVESTMENTS IN COMPANIES REACHING ADVANCED GROWTH STAGES SUPPORT SERVICES SUCH AS IP PROTECTION, BANKING, MARKETING AND LEGAL ASSISTANCE
$79,000
We
DELIVER
value through the hard work and dedication of our associates and the vision of our leadership.
EXECUTIVE MANAGEMENT TEAM Bill Mahoney Chief Executive Officer
Julia Martin Chief Financial Officer
Chris Van Metre President, SCRA Applied R&D
Ambrose Schwallie Executive Vice President, Corporate Development
Marvin Davis Executive Vice President, SCRA R&D Facilities
Natalie Corella Executive Vice President, Contracts and Compliance
Board of Trustees SCRA Trustees are drawn from leading corporate and academic organizations and economic development institutions. Mr. William M. Blume, Jr. SCRA Board Chairman Senior Tax Partner, Ernst & Young (ret)
Mr. George W. Fletcher President, Fletcher Engineering, LLC
Mr. E. Preston (Pres) Rahe, Jr. President, Washington Group International
Mr. Bryant Barnes President & CEO, Comporium Communications
The Honorable Bobby M. Hitt Secretary, South Carolina Department of Commerce
Dr. L. Fred Carter President, Francis Marion University
Dr. Coleen Perry Keith President, Spartanburg Methodist College
Mr. James (Jay) Cuthbert Self, III President & CEO, GMI Holding (Greenwood Mills & Greenwood Communities and Resorts)
Dr. James P. Clements President, Clemson University
Senator Hugh K. Leatherman, Sr. Chairman, SC Senate Finance Committee
Dr. David Cole President, Medical University of South Carolina
Mr. R. Douglas MacIntyre Former Chief Executive Officer, Dun and Bradstreet Software
Mr. Peter G. Dunphy Treasurer, Michelin North America, Inc. Dr. Franklin Evans President, SC State University Brig General John L. Finan Chairman, SC Commission on Higher Education
Dr. Terry A. Michalske Laboratory Director, Savannah River National Laboratory Mr. Ralph (Nick) A. Odom, Jr. VP, Environmental, Health & Safety, Springs Industries, Inc. Dr. Harris Pastides President, University of South Carolina
Dr. Keith Y. Shah VP, Corporate Planning & Strategic Services, BlueCross BlueShield of South Carolina Mr. David M. Smalls State Director, Communities in Schools South Carolina Ms. Sherry C. Smith Principal, Zephyr Financial Dr. Charles K. Watt Founder & Consultant, Scientific Research Corporation Rep. Brian White Chairman, House Ways & Means Committee Mr. Jonathan M. Zucker President, The InterTech Group
investing in
managing
housing
INNOVATION scra.org