Monday, April 23, 2018Nine organizations receive state funds as part of Startup Fuel Challenge
COLUMBIA, S.C. – The S.C. Department of Commerce Office of Innovation today announced more than $719,000 in grant awards to nine organizations as part of its Startup Fuel Challenge grant series. Tasked with advancing innovation, entrepreneurship and technology-based economic development, this grant program focuses on projects that are outcome-oriented and aim to build stronger entrepreneurs and companies.
“As South Carolina has become a leader in advanced manufacturing, an innovation economy has developed within our borders. To ensure that our industry partners have access to cutting-edge technology and a high-tech workforce, the continued growth of our innovation economy is critical,” said Secretary of Commerce Bobby Hitt. “I congratulate these nine awardees and look forward to all they’ll achieve in the years to come.”
Established in 2013, the Office of Innovation announced grant awards in 2014 and 2015. As a result, more than 25 entrepreneurship programs were supported, and more than 6,000 South Carolinians were educated in technology curriculum.
For this round of grant awards, applicants were allowed to request up to $100,000 with the goal of seeding programs and/or services that strategically focus on the technology startup community, a vital element of a healthy innovation ecosystem, as outlined in the South Carolina Innovation Plan. The Startup Fuel Challenge grant series represents one of several active initiatives of the Office of Innovation, including 3Phase(link is external), a new statewide resource aimed at assisting research-based companies successfully acquire Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards.
Click HERE to see the list of Startup Fuel Challenge grant awardees