COLUMBIA, S.C. -- (BUSINESS WIRE) -- SCRA Technology Ventures’ SC Launch company Alexium Government Solutions (AGS) has been selected as a National Innovation Awardee. The company is part of the top 20% of technologies ranked by the TechConnect Corporate and Investment Partner Committee. The award will be presented as part of the TechConnect World Innovation Conference in Washington, D.C. this June.
AGS, with operations in Greenville, South Carolina and Australia, is featuring its NYCOLON fabric technology. NYCOLON offers an affordable, effective, and durable fire-resistant chemical treatment for Synthetic-Cellulosic fabric blends, such as combat uniforms.
“We congratulate Alexium on this much-deserved recognition,” said SCRA CEO Bill Mahoney. “We are delighted to see the success and accolades of our SC Launch companies continue to build, and look forward to the upcoming TechConnect World Innovation Conference events.”
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 280 high-tech, early-stage enterprises and has directly invested nearly $18 million in South Carolina start-ups, attracting over $260 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.