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Funding was under threat from tax law, so SC tech innovation group turned to business partners

The Post and Courier
Mary Katherine Wildeman
November 19, 2019

The arm of state government that invests in early-stage technology businesses had to change its approach to fielding contributions this year, but its leaders say the result is a strengthened fund-raising model.

A portion of the federal tax reform passed in late 2017 affected the South Carolina Research Authority, which is financed primarily by a fund that, in years past, was replenished mostly with money from individual donors. The overhaul changed that.

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