BlinkCNS uses proprietary reflex technology developed at MUSC to identify neurological injuries and diseases, including concussions and early-stage Parkinson’s. PSGF funding supports the FDA approval process.
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Our Mission
Promote economic growth in South Carolina. We put our capital at risk where others will not.
Connecting South Carolina businesses with catalytic capital.
PSGF works with public, private, and program partners to help address financing gaps, support catalytic funding initiatives, and strengthen access to capital for businesses across South Carolina.
JEDASouth Carolina Jobs-Economic Development Authority
About JEDA
- JEDA is South Carolina’s designated conduit for tax-exempt bond financing.
- JEDA is also the designated program administrator for the State Small Business Credit Initiative (SSBCI).
The PSGF Connection
- JEDA established PSGF’s predecessor in 1992 to advance its economic development mission.
- JEDA frequently identifies financing gaps not served by traditional lenders.
- PSGF helps address those gaps by providing catalytic funding for many JEDA-sponsored initiatives.
BDCBusiness Development Corporation of South Carolina
About BDC
- The South Carolina Legislature created BDC in 1958 to support business and industry across the state.
- Today, BDC promotes small business lending through partnerships with South Carolina banks.
- BDC also serves as JEDA’s program manager for the SSBCI Loan Participation Program.
The PSGF Connection
- PSGF provides supplemental SSBCI capital that takes the first-loss position in the event of default.
- Since 2016, PSGF funding has supported more than 170 small business loans and 2,100 jobs.
InvestSCEarly-stage and emerging business investment
About InvestSC
- InvestSC is JEDA’s designated venture capital firm for early-stage and emerging small business startups.
- It also manages South Carolina’s SSBCI Venture Capital Program.
The PSGF Connection
- PSGF provides matching equity capital for selected SSBCI investments.
- PSGF investments include BlinkCNS, White Leaf Provisions, GoodUnited, and Darby Inc.
White Leaf Provisions makes shelf-stable baby purées that go beyond organic standards and contain no synthetic fertilizers or pesticides. Its products are sourced from the EU, where food and farming regulations are more stringent, with the goal of offering the purest snack options possible.
GoodUnited is a fundraising platform that uses social media to reach donors in the $550 billion nonprofit giving market. It helps nonprofits convert social followers into trackable, long-term donors.
Darby provides a durable medical equipment operating system that streamlines equipment ordering for doctors’ offices and speeds delivery for patients. By using deterministic rules and AI when needed, Darby reduces processing time and labor costs while improving order accuracy.
Route 2 Capital PartnersSouth Carolina-based Small Business Investment Company
About Route 2
- Route 2 is a South Carolina-based SBA Small Business Investment Company (SBIC).
- It provides strategic debt and equity capital to established lower-middle-market businesses, a segment often underserved by community banks.
The PSGF Connection
- PSGF’s investment helped launch Route 2 as South Carolina’s first state-domiciled SBIC.
- PSGF capital also serves as a qualified match for Route 2’s borrowings at favorable U.S. Treasury rates.
3PhaseSBIR/STTR grant funding support
About 3Phase
- 3Phase is a South Carolina Commerce-designated consultant for non-dilutive SBIR/STTR federal grant funding.
- Its clients are science and technology companies pursuing commercialization.
The PSGF Connection
- PSGF may provide the equity match required for qualified SBIR/STTR applicants, since these grants often require private-sector matching funds.
Crescent Startup CommunityInnovation district and startup community
About Crescent Startup Community
- Crescent is a mixed-use innovation district that supports startup and early-stage companies.
- It offers workspace and seminar rooms for entrepreneurs in a collaborative, mission-driven setting.
- It also hosts pitch competitions and educational events focused on business growth.
The PSGF Connection
- PSGF helped finance the redevelopment of a vacant bottling facility in a blighted area into a productive new-use property.
- PSGF partnered with JEDA, BDC, and a local bank to provide the funding.
- PSGF’s investment supports entrepreneurial growth — a critical component for South Carolina’s continued growth.