USC Columbia Technology Incubator awarded $50,000 grant – UofSC News & Events

The Incubator seeks to increase support of women-owned businesses in SC through 3PhaseSC Posted on:…

A close-up of the wrought iron gates near the historic Horseshoe

The Incubator seeks to increase support of women-owned businesses in SC through 3PhaseSC

The USC Columbia Technology Incubator has been awarded $50,000 as a part of the Small
Business Administration’s (SBA) Growth Accelerator Fund Competition (GAFC) to support
the 3PhaseSC pre-SBIR/STTR accelerator. The $50,000 will be used to better serve underrepresented
entrepreneurs in South Carolina by recruiting and mentoring up to 12 women-owned businesses
focused on health care and pharma supply chain to grow entrepreneurs’ readiness to
join the 3PhaseSC program and apply to Small Business Innovation Research (SBIR) and
Small Business Technology Transfer (STTR) grants. 

“Due to COVID-19’s lasting impact on the workforce, a large number of women have not
been able to return to their prior nine to five jobs,” said Columbia City Councilwoman
Tina Herbert (District 1). “Many of those women wish to or have started businesses
but need support. This grant represents a great opportunity in that regard.”

“This grant from the SBA reflects the USC Columbia Technology Incubator’s long history
of supporting diversity, equity, and inclusion across the Midlands and the state,”
said Bill Kirkland, chairman of the USC Columbia Technology Incubator Board of Trustees.
“Through partnerships with federal agencies like the SBA along with our local partners,
the Incubator is committed to serving the entire business and startup community in
South Carolina, with an intentional emphasis on those communities that are historically
underrepresented and underserved.”

3PhaseSC through the USC Columbia Technology Incubator was one of 84 nonprofits in
the country to be recognized as a winner of the GAFC. Over the past three years, 3PhaseSC
has provided support to numerous organizations across South Carolina leading to more
than $20 million in SBIR/STTR funding. USC Columbia Technology Incubator is looking
to increase those numbers by identifying and supporting women-led companies in S.C.
with the tested and experienced wisdom of mentors, support and coaching to increase
their applications to NIH and other health-focused solicitations through rigorous
partnership development, customer discovery and business model canvas preparation
work in advance of their application process. 

About USC Columbia Technology Incubator

The USC Columbia Technology Incubator is a nonprofit corporation sponsored by the
University of South Carolina, City of Columbia, Lexington County, Richland County,
and other community partners. The Incubator prides itself with providing members access
to our facilities and services, seminars, workshops, networking events, advice from
our network of mentors and expert consultants, and the opportunity to connect with
peers. Through our programming and leadership, the Incubator helps businesses set
goals, monitor their progress, connect with valuable resources, share stories of their
lasting impact on South Carolina, and support the founders throughout every step of
their business journey. Since 1998, the Incubator has been a driving force for economic
and workforce development in the Midlands of South Carolina and beyond. To learn more,
visit the USC Columbia Technology Incubator website.


About 3PhaseSC

3PhaseSC is a program sponsored by the SC Commerce Department to increase South Carolina’s
competitiveness in winning SBIR and STTR awards. It is a free service to South Carolina-based
companies and entrepreneurs. To learn more about the program and apply for the Pre-SBIR/STTR
Accelerator visit the 3PhaseSC website.

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