SCRA's SC Launch! to Present Check to VidiStar LLC® After Conference

SCRA's SC Launch! to Present Check to VidiStar LLC® After Conference

Biomedical Conference
VidiStar LLC received an investment today from SCRA affiliate SC Launch! VidiStar provides physicians with an affordable, easy to use solution for their clinical practice. VidiStar's online reporting system conforms to the Digital Imaging and Communications in Medicine (DICOM) structure reporting standard which auto‐populates complex data from imaging devices, such as ultrasound machines, into customized reports for efficient processing and reporting.

VidiStar's cost‐effective technology allows physicians and heath care providers to quickly review and interpret diagnostic studies, such as echocardiograms or fetal ultrasounds scans, from their office or anywhere in the world using a secure Internet connection ‐ regardless of a physician's location.

"We are very excited about becoming an SC Launch! Portfolio Company," said Paul McHugh, managing partner of VidiStar."The SC Launch! program is a catalyst for supporting the long‐term growth of companies such as VidiStar,LLC. In addition to the funding, VidiStar sees this as a stamp of approval of their product and business plan, and our company has already benefited from working with SC Launch!'s vetted network, which is enabling VidiStar to optimize its resources and focus on sales."

The VidiStar management team has more than 15 years of expertise in medical imaging technology, regulatory affairs and government regulation, and includes board‐certified medical professionals, including a practicing cardiologist with experience in echocardiography, nuclear cardiology and cardiovascular technology. The team brings more than 30 years of international and domestic sales experience to the venture.

"To SCRA and SC Launch, the VidiStar investment aligns closely with our multi‐lateral efforts with Clemson University, The Medical University of South Carolina, The University of South Carolina and Health Sciences South Carolina to bring better patient care to South Carolina," said Bill Mahoney, SCRA CEO. "The joint focus of these organizations in diagnostics, therapeutics and clinical applications leads directly to both improved care and leadership commercialization outcomes such as VidiStar."

SC Launch! has identified VidiStar as a promising South Carolina start‐up company and is assisting them with a seed‐capital investment, ongoing mentoring and SC Launch! Resource Network services. Since its inception in April, 2006, SC Launch! has provided more than 118 companies with seed funding in the form of grants, loans or equity investments and provided counsel and support to more than 99 startups. The average salary of jobs created to date by these start‐ups is $77,091. Additionally, SC Launch!‐ supported companies have secured more than $50 million in follow‐on venture capital and private equity financing.

About Vidistar

VidiStar, LLC is a web‐based Picture Archiving Communication System and online structured reporting solution for diagnostic medicine, particularly cardiology and remote diagnostic reading. VidiStar provides physicians with an affordable, easy‐to‐use solution for their clinical practice. VidiStar's cost‐effective technology allows physicians and health care providers to quickly review and interpret diagnostic studies from anywhere in the world using the Internet.

About the Clemson University Department of Bioengineering
One of the oldest in the world, Clemson's bioengineering program was established in 1963 and offers bachelors, masters and doctoral degrees. A pioneer in the field of biomaterials science and engineering, the department is consistently recognized for its leadership in biomaterials research and education.

About The Clemson University Research Foundation (CURF)
The Clemson University Research Foundation (CURF) is a 501(c)(3) corporation founded in 1986 to support research and business incubation at Clemson University. The Foundation is organized exclusively for charitable, educational or scientific purposes to promote the research enterprise at Clemson University.

CURF's mission is to commercialize the intellectual property of Clemson University through technology transfer; licensing agreements and new venture formations; and assist in developing a strong research infrastructure through development and management of research properties, development of technology maturation and early stage research grants, and participation in sponsored research activities.

About The Spiro Institute
The Arthur M. Spiro Institute for Entrepreneurial Leadership is a unit of the College of Business and Behavioral Science at Clemson. Its mission is to support educational, research, and outreach programs that promote entrepreneurial activity and economic development of the region, state, and nation. The Spiro Institute's focus is on wealth creation through entrepreneurial activity.

About SCRA
The Arthur M. Spiro Institute for Entrepreneurial Leadership is a unit of the College of Business and Behavioral Science at Clemson. Its mission is to support educational, research, and outreach programs that promote entrepreneurial activity and economic development of the region, state, and nation. The Spiro Institute's focus is on wealth creation through entrepreneurial activity.

About SC Launch!
SC Launch!, an SCRA collaboration, assists entrepreneurial start‐up companies with up‐front counseling, seed‐funding, and access to a powerful resource network. The SC Launch! mission is to help generate knowledge economy jobs in South Carolina, enhance the state's quality of life and provide opportunity
for all South Carolinians in the new economy.

SC Launch! is a trademark of SC Launch!, Inc.
SCRA is a registered trademark of SCRA.
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