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Ingevity Corp. spends $385M, buys dual companies and invests in another
Ingevity Corp. of North Charleston has had a busy week already. The company on Tuesday announced it is buying two companies in a $325 million cash transaction and investing $60 million to acquire an equity stake in another. In addition, the company announced record net sales of $419.9 million in its second-quarter report,[...]
MUSC fine tunes commercialization efforts
The Medical University of South Carolina Zucker Institute for Applied Neuroscience and MUSC Foundation for Research Development are joining forces and will begin collectively doing business as the Zucker Institute for Innovation Commercialization effective immediately. The new combined institute solidifies MUSC’s commercialization efforts into what the university says is a more powerful engine to execute a mission [&hell[...]
FieldBin raises $1.2M to help with field management solutions
FieldBin, a field service management solution provider, announced on Tuesday the closing of a $1.2 million pre-seed round led by 7833 Capital Partners. FieldBin is designed to help HVAC, plumbing, electrical, landscaping and other trade companies manage every aspect of their business — from work order scheduling to payment processing — in one platform, according […]
The Harbor prepares to open Epic Center workspace
A new tenant has moved into Citadel Mall, bringing further realization to Trademark Properties Inc.’s revitalization plans for the 4 million-square-foot property. The real estate investors swooped in three years ago to purchase the distressed building and breathe new life into it, repositioning it as the Epic Center Planned Unit Development (.pdf) — a mixed-use […]
SCRA-backed company acquired by global investment firm
EnviroMix, a startup backed by SCRA, has entered into a partnership that gives a global investor controlling interest in the wastewater technology company, SCRA said in a news release. GEF Capital Partners, which invests in companies promoting resource efficiency and sustainability, has acquired EnviroMix, a Charleston company based in The Cigar Factory that designs and […]
Verizon to launch mentoring program for female entrepreneurs affected by COVID-19
Coral Murphy USA Today Verizon will launch a mentoring program aimed at providing female entrepreneurs and business owners with a network of female business leaders to coach them on navigating a COVID-19 reality. This is according to Verizon Business, which partnered with CircleAround, a new, for-profit media brand being launched by the Girl Scouts, and […]
Work from home, but have no room?
By Jefferson Graham USA Today With many of us trying to find new ways to make working at home palatable during a pandemic, you’ve got to love Jeremiah Owyang’s solution. The independent tech analyst needed space to call his own and found a great alternative to sky-high Silicon Valley rents. He bought a 22-foot Airstr[...]
Charleston opens WestEdge incubator to focus on life sciences
The Charleston Digital Corridor, which offers space for startups and early stage companies, has opened a new incubator in the WestEdge development. The organization partnered with the city of Charleston for the facility, which focuses primarily on life sciences and technology companies in the mixed-use development located in the[...]
COPING WITH COVID: Citibot
Coping with COVID SC Biz News is speaking with small businesses and community leaders about the impact of the new coronavirus on business and industry, and how this is changing how they operate. Contact Andy Owens, aowens@scbiznews.com, with any questions or ideas. Bratton Riley said he’s never worked harder in his life than he has […]
Precision Genetics to use SCRA investment to expand COVID testing
SCRA has provided a $250,000 investment in Precision Genetics through SC Launch to help the company expand its processing of COVID-19 test kits. Precision Genetics, based in Greenville, has been processing the test kits for several weeks after receiving an emergency use authorization from the Food and Drug Administration. The company provides the test kits […]
Bioscience organization to host inaugural conference on Isle of Palms
Southeast Life Sciences will host its inaugural Advanse Life Sciences Conference this spring on the Isle of Palms. The conference is scheduled for May 28-29 at the Wild Dunes Resort. It will highlight innovations from 50 early stage medical technology and bioscience companies. The Lowcountry was chosen to host the inaugural conference because the […]
