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SCRA's Technology Ventures' SC Launch Program Companies Look for Opportunities at Annual InnoVenture Conference

Columbia, SC – May 8, 2012 – SCRA’s Technology Ventures sector, which manages the commercialization and economic development program SC Launch, announced that it will have numerous client and portfolio companies participating at this week’s InnoVenture Conference in Greenville, South Carolina. In its sixth year, the annual conference showcases the most promising high growth technology companies from the Southeast region to a national audience of hundreds of private equity professionals and venture capitalists representing over $80 billion in private equity investment capital.

SC Launch companies presenting and participating in the event include:

· Madeira Therapeutics

· Electronic Health Network

· Eleos Technologies

· Carbonix, LLC

· Lab 21

· Tiger Bioanalytics

· Pandoodle Corporation

SC Launch’s mission is to support the development of emerging technology-based companies and develop the Knowledge Economy of South Carolina. Since its inception by SCRA in 2006, SC Launch has supported and invested in hundreds of companies, helped draw 12 landing parties to the state, provided business services to 251 early stage companies in SC through a powerful Resource Network and helped position emerging South Carolina start-ups to secure more than $185 million in follow-on funding from angel, venture and other private capital sources.

"Our SC Launch program has had great success in the commercialization and investment of technology companies across South Carolina," said SCRA CEO Bill Mahoney. "InnoVenture provides a great forum for our SC Launch companies to present their technologies and network with other innovators. We look forward to future successful outcomes from these companies and the great contributions they will continue to make to our Knowledge Economy."

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About SCRA

http://www.scra.org/

SCRA is an applied research corporation with over 29 years of experience delivering technology solutions with high returns on investment to federal and corporate clients. To fulfill our mission, SCRA has three sectors: Our Technology Ventures sector helps early-stage companies to commercialize innovations and create jobs, our Applied R&D sector manages over 100 national and international programs worth over $1.5 billion in contract value and our R&D Facilities sector builds and manages research facilities that include wet labs, secure rooms for sensitive work and advanced high-tech manufacturing shops. Multiple economic impact studies show SCRA’s cumulative impact on South Carolina’s economy to be over $14 billion.