South Carolina Innovation Challenge grants awarded
COLUMBIA, S.C. – The South Carolina Department of Commerce is awarding $2.6 million in a second round of funding to 19 organizations across the state to further innovation, entrepreneurship and technology-based economic development.
As part of its efforts to support and grow an innovative, technology-based and entrepreneurial business environment, the Department launched the state’s first Office of Innovation in the fall of 2013. In 2014, it awarded its inaugural round of innovation grants to 14 organizations across the state and announced a second round last September.
“Innovation and entrepreneurship are critical components to the success of our economy,” said Secretary of Commerce Bobby Hitt. “We want to enable and support a stronger innovation ecosystem in South Carolina and help the state become a top place in the nation to start and build high-growth businesses.”
The South Carolina Innovation Challenge solicits proposals for projects that focus on fostering technology-based economic development, entrepreneurship and innovation in South Carolina communities through university collaboration, local government participation or public-private partnerships.
For the second round of grants, nearly 60 submissions totaled $10.5 million in requests. Cities, county offices, chambers of commerce, universities, incubators and accelerators applied for funding. Go here for a complete lists of projects receiving grant funding.