South Carolina Research Authority’s Tax Credit Program
Redirect Your State Tax Dollars to Help Bring Innovation to South Carolina
Choose Where Your State Tax Dollars Go
Through South Carolina Research Authority’s Tax Credit Program, you can redirect your state tax dollars to help bring groundbreaking — even lifesaving innovations to market.
That means your tax dollars can do more than pay bills — they can power South Carolina’s innovation economy. View SCRA’s impact and success stories below.
Business owners could also be entitled to a federal tax deduction. Contact us to learn more about the federal tax deduction.
It's Easy!
- Make your contribution online via the button below or write a check payable to “IPF” and mail it to SCRA, 1000 Catawba St, Suite 100, Columbia SC 29201
- Complete a TC36 (SCRA Industry Partnership Fund tax return form) and a SC1040TC (tax credit schedule) form.
- Submit the TC36 and SC1040TC forms when filing your taxes.
SCRA's Impact in South Carolina
$1.33 B
Economic Impact on South Carolina
6.62 K
Jobs Supported in South Carolina
$5.22 M+
Funding to SCRA Companies, and academic institutions in FY24
$91,714
Average company employee salary, which is 71% higher than the state average
1.39 M
Square feet of research, lab, collaboration and office space
$2.92 B+
Follow-On Funding received by Member and Portfolio Companies
Benefits of the Program
Benefits Beyond the SC Tax Credit
- Recognition on the SCRA website, annual report and other venues as an innovation economy leader
- Invitations to SCRA-hosted events throughout the year
- Cash-flow savings
- Numerous other benefits
We look forward to partnering with you to benefit the innovation economy in South Carolina. Learn more and view the prospectus.
SCRA’s Success Stories
Bubble Paper
Bubble Paper, an SC Launch Inc Portfolio Company, was developed to push the limits of paper and deliver an eco-friendly cushioning wrap that’s both versatile and super effective. From cushioning to thermal protection, this is a novel solution.
Learn More
Heartbeat Technologies
Heartbeat Technologies, an SCRA Member Company, has invented The SAVER, a device aimed at improving cardiac arrest outcomes. The SAVER improves CPR performance and confidence by increasing blood pressure providing real-time feedback on CPR effectiveness.
Learn More
Humimic Medical
Humimic Medical, an SCRA Member Company, is an industry leader in high-grade medical products. Their first invention, the ballistic gel, is best known for setting the standard for durability, quality, and reusability in synthetic medical gelatins.
Learn More
PulManage
PulManage, an SCRA Member Company, is a remote patient monitoring platform that provides connectivity between patients and providers to help better manage pulmonary health.
Learn More
Trane Technologies/IoTCo
IoTco, an SCRA Member Company, collaborated with TRANE Technologies to implement predictive maintenance A.I. technologies in their Columbia, SC plant on critical assets and components including press machines, motors, and fans.
Learn More
Victory ExoFibres
Victory ExoFibres, an SCRA Member Company, is a Clemson University-based start-up company, focused on the utilization of patented capillary-channeled polymer (CCP) fibers and films to efficiently isolate exosomes from body fluids.
Learn More