COLUMBIA, SC –BoroScience International, a Columbia, SC-based company that makes solid-source boron-based compounds, is getting a $123,000 investment from SCRA’s SC Launch! The company’s technology has potential advanced fuel cell uses.

The SC Launch! funding was provided as a result of the company’s selection as one of the four award recipients through the Greater Columbia Fuel Cell Challenge. This SC Launch investment furthers Midlands-area efforts to establish a portable fuel cell cluster and attract additional, collaborative partners.

BoroScience brings a patented small-scale boron-ammonia manufacturing process to Columbia. The company serves high-yield, low-cost markets including hydrogen, advanced materials, biomedical and electronics technology.

“We supply academic and industrial leaders in these fields,” said BoroScience CEO Bernard Spielvogel, Ph.D. The company is currently researching potential for catalytic hydrogen release and regeneration “We foresee use of ammonia borane as a feedstock for many commercially valuable materials which will stimulate large-scale production,” said Spielvogel.

Spielvogel visited South Carolina on a trade mission from Nova Scotia, Canada, in 2006. “In my travels throughout the state, it became very obvious that SC had a very clear view of the direction it wanted to take for its future and its place in the U.S.,” he said.

“I met enthusiastic leaders committed to making this happen. Wanting to be a part of it, I moved my company to Columbia in Feb of 2007.” Spielvogel located BoroScience in the USC Columbia Technology Incubator and also qualified as a SCLaunch company. “These organizations and USC administrators have been extremely helpful to grow my company. In the few short months since arriving in SC, I have participated in events throughout the state and have been presented with numerous opportunities to grow my business,” he said.

Bill Mahoney, SCRA CEO, said, “Their partnership with USC and the recognition they’ve received from the Fuel Cell Collaborative provides a strong example of how collaboration strengthens the knowledge economy of South Carolina,” he said.

The BoroScience announcement follows a series of others by SC Launch. In recent months, more than 59 start-up initiatives across the state have received financial support and other services from SC Launch. SC Launch portfolio companies include DigitalDerm (Columbia), Sabal Medical (Charleston) and Vigilix (Greenville).

On the Web: www.boroscience.com; www.scra.org; www.sclaunch.org