SC Launch Presents "Big Check" Investment to Pandoodle
COLUMBIA, SC – October 12, 2011 – SC Launch, an SCRA affiliate focused on high technology economic development, presented a “big check” investment to newest Portfolio Company Pandoodle during a networking event yesterday evening. The evening’s events also featured a discussion on Intellectual Property at the offices of Nelson Mullins in Columbia.
This investment also signifies a relocation for Pandoodle. Moving offices to Columbia, SC, Pandoodle is a personalized, interactive media company. The company’s patented technologies and production systems provide turn-key setup and delivery of animation-based products that allow users to include their own personal information, such as an avatar, into a client’s custom online and mobile platforms.
Leading Pandoodle as CEO is Dirk Brown, who is also a professor at the University of South Carolina and Director of the Faber Entrepreneurial Center at USC’s Moore School of Business.
“Pandoodle would like to offer a sincere thank you to SC Launch for their support,” said Brown. “We are excited to come to South Carolina. This investment will allow us to move faster and enable further growth for our company.”
"We are pleased to announce the addition of Pandoodle to our portfolio," said SCRA Executive Vice President and SC Launch Executive Director Dave McNamara. "Pandoodle and its leadership offer great expertise and strengthen the development of the Knowledge Economy of South Carolina."
"The SC Launch program continues to identify and support emerging companies with impressive technology," said SCRA CEO Bill Mahoney. "It is through the growth of companies like Pandoodle that South Carolina is recognizing great economic returns. We are delighted to be a part of the success that SC Launch companies are bringing to our state."
Since its inception by SCRA in 2006, and with initial funding of $12 million in SCRA earnings, SC Launch has supported and funded 188 companies in SC, helped draw 11 relocation “landing parties” to the state, provided business services to 230 early stage companies in SC through a powerful Resource Network and helped position emerging South Carolina companies to secure more than $130 million in follow-on funding from angel, venture and other private capital sources. As a program that focuses on the development of emerging technology-based businesses in South Carolina, SC Launch has been recognized regionally, nationally and internationally for leadership in entrepreneurial support and technology-based economic development.
# # #
SCRA is a global leader in applied research and commercialization services with its headquarters in South Carolina. SCRA has a dual mission:
• To advance the Knowledge Economy - SCRA affiliate SC Launch is an economic development program that helps early-stage companies to commercialize innovations and create jobs. Learn more at www.sclaunch.org.
• To deliver technology solutions to complex challenges - SCRA affiliate Advanced Technology International (ATI) leads applied research collaborations that develop technologies to improve the mission effectiveness of Federal agencies and the business execution of Corporations. Learn more at www.ati.org.
In support of both missions, SCRA builds and manages research facilities that include wet labs, secure rooms for sensitive work and advanced, high-tech manufacturing shops.