Tech industry gaining investor interest in the South Carolina Upstate, surpassing biotech and life sciences - United States
Tech industry gaining investor interest in the South Carolina Upstate, surpassing biotech and life sciences
Tech companies have seen increased interest from investors in 2023, with over $14 million more venture capital received than the previous year.
The Upstate of South Carolina has seen a shift in the top industries receiving venture capital investment. Funding for biotech, life sciences, pharma & healthcare has decreased by 96% from 2022 to 2023.
The U.S. Economic Development Administration announced that the Upstate of South Carolina was named as one of the 31 federally designated tech hubs as part of the Tech Hubs Program which is aimed to at transforming high-potential regions of the country into globally competitive innovation centers. Demand for office space may increase as the Upstate's tech industry continues to grow.