SCRA MUSC Innovation Center is Open for Business
The South Carolina Research Authority (SCRA), the Medical University of South Carolina (MUSC), and the City of Charleston held a grand opening ceremony December 18, 2009, for the SCRA MUSC Innovation Center at 645 Meeting Street. The fully-renovated facility attracts and supports start-up companies with wet lab and equipment space, primarily in concert with entrepreneurs commercializing MUSC research.
"While continuing the City’s commitments in the Cooper River Bridge Community Mitigation Partnership Agreement, the facility will bring significant economic development benefits of financial investment and job creation for the 21st century economy,” said Mayor Joseph P. Riley, Jr., City of Charleston.
Four start-up companies, all created from technology formed at MUSC, are slated to be headquartered in the new Center as of January 2010.
- Immunologix has created a technology that allows replication of human antibodies from cells recovered from discarded immune tissue, such as whole blood or tonsils. This technology meets the current need of antibody-based therapeutics through an in-vitro system.
- Microbial Fuel Cell Technologies is commercializing the use of microbial fuel cells as emerging waste reduction and alternative energy technology products in the forms of Hydrogen and Ethanol.
- Neurological Testing Services investigates pharmaceutical compounds in models associated with neurodegenerative diseases including Parkinson’s, Alzheimer’s, stroke and epilepsy.
- Vortex Biotechnology Corp. focuses on the development of inhibitors of Pim protein kinases, which are key regulators of prostate cancer and certain leukemias. Vortex designs, synthesizes and evaluates proprietary Pim inhibitors, with the goal of moving an agent into clinical testing for the treatment of cancer.
“Our partnership with MUSC and the City of Charleston is a prime example of effective collaboration that fosters the Knowledge Economy in South Carolina,” said Mr. Bill Mahoney, SCRA CEO.
“The opening of the Innovation Center marks a signal event for economic development in Charleston and South Carolina,” said Dr. Ray Greenberg, MUSC President. “The young companies housed in the incubator, many spun off from research at the Medical University, will be the engines that drive the development of the bioscience industry in the future. We are so pleased to partner with the City of Charleston and SCRA to meet this important need.”
|Related Video |
- Opening Ceremony Video