This is the SC Launch program’s second investment made to CareCam. Greenville-based CareCam Innovations aims to have its patented care-centric video system become the standard of health care documentation.
Published May 8, 2012
The S.C. Research Authority’s Technology Ventures sector awarded $200,000 Tuesday to CareCam Innovations at the InnoVenture annual conference in Greenville.
SCRA CEO Bill Mahoney presents an SC Launch investment of $200,000 to CareCam Innovations’ Shannon Pierce Tuesday at the InnoVenture annual conference in Greenville. (Photo/Provided)
Greenville-based CareCam Innovations aims to have its patented care-centric video system become the standard of health care documentation.
“CareCam Innovations is a promising company that has demonstrated a great ability to move their first product through the commercialization process,” said SCRA CEO Bill Mahoney. “We are delighted to present this investment to the CareCam Innovations team and look forward to their continued successes and contributions to the state’s knowledge economy.”
CareCam’s solutions create an instantly retrievable record, decreasing the documentation burden on providers. The scalable system is currently in its feasibility test phase.
“We continue with vigor because we are confident we will make a meaningful difference for patients, providers, payers and our partners,” said Shannon Pierce, CareCam’s president and founder, as well as a registered nurse. “The support available to us as an SC Launch portfolio company has certainly made us stronger and equipped us for pioneering the path ahead.”
The S.C. Research Authority, or SCRA, uses its funds to spur entrepreneurial growth and technology-based economic development in South Carolina through the support of high-tech, innovative startup companies.
SCRA’s Technology Venture’s flagship program manages SC Launch. Since its inception in 2006, SC Launch has provided early stage funding and commercialization support to 251 enterprises; assisted 12 new companies in their relocation to the state; and matched 36 federal Small Business Innovation Research awards.