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SCRA, Tao to commercialize biotechnology

Staff Report
Published Nov. 5, 2012

SCRA Technology Ventures and Tao Life Sciences Inc. announced Monday an initiative to accelerate the commercialization of life sciences technologies from South Carolina universities and industry laboratories.

Tao Life Sciences will select technologies from research labs in South Carolina that fill unmet needs in the marketplace and collaborate with SCRA to bring those technologies to market, the two entities said.

"We are excited to build upon our strong relationships in the South Carolina university communities and to help to further advance their innovative potential," said Mark Chandler, CEO of Tao. "Drawing on our investment, development and commercialization capabilities, we anticipate advancing many technology projects over the next several years with SCRA."

SCRA CEO Bill Mahoney said the statewide research corporation also is eager to help South Carolina universities move ideas and high-tech products to commercialization through this initiative.