SCRA Announces Investments in Three SC Launch Companies

VRM Labs, APP Squared and Tradeversity Receive Funding

SUMMERVILLE, S.C.–(BUSINESS WIRE)–SCRA’s SC Launch program today announced investments in three South
Carolina companies. VRM Labs, APP Squared and Tradeversity received
funding ranging from $100,000 to $200,000. 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/or Life Sciences
industries.

APP Squared LLC’s technology, Snapp, is a mobile computing platform that
enables Advanced Practice Providers to easily and accurately document
their clinical work. Whether Providers are documenting patient
encounters, administrative tasks or compliance details, Snapp provides
an effective, real-time solution. The technology is based on research
conducted at the Medical University of South Carolina. Snapp received a
$200,000 investment from SC Launch that will be used to further research
and development and begin initial sales.

Tradeversity
is an online marketplace for college students that allows them to buy,
rent and sell products and services exclusively within their local
community. The University of South Carolina-born platform boasts a
current campus base of 20 universities and accounts created at over 200
schools across the country. Tradeversity has been approved for a
$100,000 investment to help further the growth of their company.

VRM
Labs owns a technology for production of new natural antioxidant,
called Prot-X, that is a cost-effective substitute for synthetic
preservatives used in pet food. The natural antioxidant has been proven
to safely increase the shelf life of pet and animal feed. VRM Labs is a
spin-off from Clemson University and has received several grants for
their research. The $200,000 investment from SC Launch will be used to
scale their manufacturing process, gain regulatory approval and begin
pilot sales.

“APP Squared, Tradeversity and VRM Labs are wonderful representatives of
the amazing research and entrepreneurial activities being conducted at
our academic institutions. We are proud to support their growth,” said
Bob Quinn, Executive Director of SCRA.

About SCRA
http://www.scra.org/

Chartered in 1983 by the state of South Carolina, SCRA foster South
Carolina’s Innovation Economy. SCRA improves the development and growth
of South Carolina’s innovation ecosystem by supporting entrepreneurs,
enabling academic research and commercialization and connecting industry
to innovators.

Contacts

SCRA
Jessica Cokins, 843-760-3273
jessica.cokins@scra.org