TMCnet News
SCRA Announces SC Launch Investment in ModjoulSCRA's entrepreneurial program, SC Launch, Inc., recently finalized an investment for Modjoul, based in Clemson, SC. The company was accepted into the SC Launch program as a Client Company in December 2016. Modjoul's wearable technology, a low-profile SmartBelt, is used to provide insight into employee safety and how employees perform at work. The company's patented SmartBelt is part of an employee's uniform and uses sensors to gather data about the employee's safety and performance. The data is then encrypted, transmitted and displayed on customizable online dashboards. Modjoul's SmartBelt is available for order online at store.modjoul.com. The $250,000 investment will be used to further development and manufacturing of their wearable technology. "We are excited about SCRA's SC Launch investment in Modjoul and look forward to bringing the SmartBelt to the wokplace," said Eric Martinez, CEO of Modjoul. "We truly believe the Modjoul SmartBelt will improve the way companies function by eliminating employee injuries from the workplace." "Modjoul is innovating workplace safety by incorporating wearable technologies and predictive analytics," said Bob Quinn, Executive Director of SCRA. "We are excited to see their impact on South Carolina." SCRA is a state-chartered organization that fosters job creation and grows South Carolina's Innovation Economy. The SC Launch program is SCRA's entrepreneurial platform that provides mentoring, grants and investments to qualified, South Carolina companies in the Advanced Materials/Manufacturing, Information Technology and Life Sciences industries.
About SCRA Chartered in 1983 by the State of South Carolina as a public, non-profit corporation, SCRA fosters South Carolina's Innovation Economy by supporting entrepreneurs, enabling academic research and its commercialization, and connecting industry to innovators. View source version on businesswire.com: http://www.businesswire.com/news/home/20170809005712/en/ |
