SCRA, Charleston, SC: Company of the Year
Company: SCRA, Charleston, SC
Company Description: SCRA is a global leader in applied research and commercialization services with its headquarters in South Carolina. SCRA collaborates to advance technology, providing knowledge-based solutions with assured outcomes to industry and government, with the help of research universities in SC, the US and around the world.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Non-Profit or Government Organizations
Nomination Title: SCRA Milestone Year in 2013
Tell the story about what this nominated organization achieved since January 1 2013 (up to 525 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:
With a dual mission of innovation and economic development, SCRA has a long track record of delivering innovative technologies to the market and creating quality high-tech jobs in our operating localities. We do this through our three divisions: Applied R&D, R&D Facilities and Technology Ventures.
SCRA Applied R&D
Through our own people and multiple organizations, SCRA leads teams to develop new technologies across a broad spectrum of industries including shipbuilding, alternative energy, manufacturing, defense and security, automotive, aerospace and advanced materials. SCRA-led teams deliver technology solutions that generate better products, save time, increase profits and improve performance. Highlights from 2013 include:
•$24 million in savings per Virginia Class submarine hull for the Office of Naval Research manufacturing program.
•Achieving remarkably higher technology transition rates of 80% for federally funded research- much higher than average programs.
•A leaner manufacturing process in metal forging die change-overs; demonstrating a 16% cycle time reduction.
•High strength, light weight composite materials that offer design freedom to architects, automotive designers/engineers and the aerospace industry.
•A customizable, user-friendly situational awareness software that offers interoperability from multiple data sources for faster, coordinated emergency response.
•Leading a Landfill Gas-to-Hydrogen Pilot Project with BMW and the US Department of Energy that is converting methane to hydrogen to fuel parts of the BMW manufacturing plant.
SCRA Technology Ventures
In our role as a technology-based economic development engine in South Carolina, we are part of an ecosystem of entrepreneurial and commercialization support that is transforming the state into a robust, knowledge-centric economy. Through our SCRA Technology Ventures division and its SC Launch program, we have invested, mentored and supported over 280 technology-based start-ups in South Carolina. SCRA has also directly invested over $18 million in its top 60 South Carolina start-ups, which have attracted over $260 million in add-on, private investment. These companies work in a variety of industries and make remarkable contributions through technology and job creation.
SCRA announced in 2013 an international expansion of efforts to support technology development and job creation through a collaboration with Israel. This new bi-national collaboration seeks to facilitate and promote bilateral industrial R&D projects between entities from South Carolina and from Israel- one Israeli company announced a South Carolina location in May of 2013.
SCRA R&D Facilities
SCRA provides state-of-the-art wet labs, offices, and advanced manufacturing facilities. SCRA's facilities are critical infrastructure for the Knowledge Economy. Our four main facilities are adjacent to major industry and research universities in North Charleston, downtown Charleston, Columbia and Anderson, South Carolina. SCRA sold its largest location to Boeing in 2012 and started construction on a new facility in 2013.
In its 30 year history, SCRA has grown significantly, with record revenues of $266 million achieved in 2013, up 37 percent from last Fiscal Year. Funded backlog was up 15 percent and total backlog was up 11 percent. Multiple economic impact studies show SCRA’s cumulative output to South Carolina’s economy to be $15.3 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. SCRA continues to look forward, bringing better solutions and better quality of life through applied technology.
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Provide a brief (up to 125 words) biography about the leader of this nominated organization:
Bill Mahoney brings over 35 years of technology management, innovation and leadership to his role as CEO at SCRA. Following early experiences at Honeywell and Digital Equipment Corporation, Bill worked for early-stage companies in the 1980’s, all of which culminated in successfully delivering “first of a kind” applied systems in emerging markets including Electronic Publishing, Automatic Remote Monitoring, Directory Assistance and Collaborative Research.
In the early 90’s, Bill became a division executive at Dun & Bradstreet. In 1995, Bill became President of SCT’s Utility Systems division in Columbia, SC where he had the experience of being both a customer and a Board member of SCRA. Bill became CEO of SCRA in August 2005, and has since led the company to record revenues and growth.