TMCnet News
SCRA Technology Ventures Presents InvestmentSUMMERVILLE, S.C. --(Business Wire)-- SCRA Technology Ventures presented a "big check" to International BioMedical Devices (IBMD) during the Charleston Chamber of Commerce's Launchpad event. The big check ceremony formally honors and congratulates companies on their investment closings. IBMD received investment approval in August. IBMD is a Charleston-based medical device company focused in the field of ophthalmic surgery. The company's ApertureRx™ System is a novel precision thermal capsulotomy system for use in cataract surgery. "We are grateful and honored to accept this investment," said IBMD's CEO Steve Bryant. "We will use the funding to advance our ApertureRx™ System that offers surgeons better precision and consistency during their capsulotomy procedures. We look forward to advancing our buiness in South Carolina, and offering this technology to ophthalmologist around the world." The company plans to manufacture its patented, single use tip in South Carolina. "It is with pleasure that we recognize this promising company that is working to reduce surgical time and improve patient outcomes with their technology," said SCRA CEO Bill Mahoney. "Companies like IBMD are creating quality, high-tech jobs in South Carolina and growing our Knowledge Economy. We are delighted that they call South Carolina home." About SCRA and SCRA Technology Ventures 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 to early stage, start-up technology companies through its flagship SC Launch program. Since 2006, SCRA has deployed over $83 million in funding for entrepreneurs and infrastructure to support over 300 high-tech, early-stage enterprises. SCRA has directly invested over $19 million into the program's top 71 South Carolina start-ups, attracting over $301 million in add-on private investment. The sector also supports commercialization and growth by facilitating the transfer of intellectual property and accelerating the transition of inventions to the marketplace. Additionally, SCRA Technology Ventures invests in more established technology companies through its Stage 2 affiliate. 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. |
