|By Business Wire||
|August 11, 2014 04:39 PM EDT||
SCRA Technology Ventures’ SC Launch today announced an investment in Moondog Animation Studio. The Charleston-based studio creates, fabricates and distributes top-quality computer generated animation content appealing to both adults and children. This is the first round of SC Launch funding for the company.
Moondog Animation is starting development of their first feature film which will bring over 150 highly technical jobs to South Carolina. They are partnering with Clemson University’s Digital Design program to hire recent graduates.
Moondog Animation’s CEO Bryan Ransom stated, “We are excited to be a part of the SC Launch program and look forward to increasing high-tech jobs in Charleston.”
“We are delighted to welcome Moondog to the SC Launch program,” said SCRA CEO Bill Mahoney. “We are committed to growing South Carolina’s Knowledge Economy and are excited to help Moondog Animation grow.”
SCRA Technology Ventures helps innovative companies grow and develop new technologies, creating jobs and advancing the Knowledge Economy throughout South Carolina. This SCRA business sector provides support and mentoring program to early stage, start-up technology companies through its flagship SC Launch. Since 2006, SCRA has deployed over $79 million in funding and infrastructure to support over 290 high-tech, early-stage enterprises and has directly invested nearly $18 million in South Carolina start-ups, attracting over $301 million in private investment. SCRA Technology Ventures also supports commercialization and growth by facilitating the transfer of intellectual property and accelerating the transition of inventions to the marketplace.
Multiple economic impact studies show SCRA's cumulative output on South Carolina's economy to be over $16.6 billion, and that the company has helped create approximately 15,000 technology-related jobs in the state, with annual wages averaging between $55,000 and $77,000.
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