[August 11, 2014] |
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SCRA Technology Ventures Announces Investment
CHARLESTON, S.C. --(Business Wire)--
SCRA Technology Ventures' SC Launch today announced an investment in
Moondog Animation Studio. The Charleston-based studio creates,
fabricates and distributes top-quality computer generated animation
content appealing to both adults and children. This is the first round
of SC Launch funding for the company.
Moondog Animation is starting development of their first feature film
which will bring over 150 highly technical jobs to South Carolina. They
are partnering with Clemson University's Digital Design program to hire
recent graduates.
Moondog Animation's CEO Bryan Ransom stated, "We are excited to be a
part of the SC Launch program and look forward to increasing high-tech
jobs in Charleston."
"We are delighted to welcome Moondog to the SC Launch progrm," said
SCRA CEO Bill Mahoney. "We are committed to growing South Carolina's
Knowledge Economy and are excited to help Moondog Animation grow."
About SCRA
http://www.scra.org/
SCRA Technology Ventures helps innovative companies grow and develop new
technologies, creating jobs and advancing the Knowledge Economy
throughout South Carolina. This SCRA business sector provides support
and mentoring program to early stage, start-up technology companies
through its flagship SC Launch. Since 2006, SCRA has deployed over $79
million in funding and infrastructure to support over 290 high-tech,
early-stage enterprises and has directly invested nearly $18 million in
South Carolina start-ups, attracting over $301 million in private
investment. SCRA Technology Ventures also supports commercialization and
growth by facilitating the transfer of intellectual property and
accelerating the transition of inventions to the marketplace.
Multiple economic impact studies show SCRA's cumulative output on South
Carolina's economy to be over $16.6 billion, and that the company has
helped create approximately 15,000 technology-related jobs in the state,
with annual wages averaging between $55,000 and $77,000.
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