Georgetown County incubator raises $100,000 for scalable startups

Staff Report
Published Sept. 3, 2014

Georgetown County and the S.C. Department of Commerce are helping fund a nonprofit startup incubator.

Georgetown County is giving $50,000 to Startup.SC. Commerce will match the funding, dollar-for-dollar, as part of its Office of Innovation, the incubator’s executive director said in a news release.

Executive Director Ryan Smith said Startup.SC works to build technology-based businesses that can scale to $10 million within five years.

“Startup.SC will work to build an ecosystem of investors, mentors, donors and entrepreneurs that will attract top tech talent to the Grand Strand,” according to the news release.

Entrepreneurs receive support including information and advice on choosing co-founders, creating pitch decks, finding investors and taking on investment.

The Commerce Department innovation grant allows for up to $250,000 in matching funds.

“This investment in scalable startups will round out all of the various components to offer opportunities to all of our existing residents as well as allow us to recruit the best and brightest to move our community forward,” said Brian Tucker, director of Economic Development for Georgetown County.

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